Why start this generation with massive debt that you might not be able to pay off?
That was the point of the first statement you were arguing against, the student loan thing in the US is what he wants to "fix". Believe it or not there are countries where you don't need take out a massive loan to get a degree. Here in Oz the government pays 75%, you pay the rest as a small weekly surcharge on your income tax, but only after it reaches a certain level. If you don't gain financially from the degree when you go back into the work force, it costs nothing. Of course if everyone had a degree then they would be worthless, so rather than limit student numbers with the cost of entry, the universities in Oz limit numbers on ability alone.