You can throw all the billions you want at educating the masses, but you still can't make a purse out of a sow's ear.
A sane country would train the other 79% for careers which don't require college, but ours is not a sane country, otherwise we wouldn't have 1:1 ratios of administrators to students all over the place. College is producing some mighty fine jobs for the education industry and for the 20% who belong there, but God help you if you borrowed money to learn that one day you will die.
When I was a kid the unemployed PhD was the joke. Now it's the unemployed BA. You can see where this is going.
But maybe not.
The Morning Call had the story here.