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A bigger problem, and one that totally cancels this change, is that they're not a good return on investment anymore.

Time was, getting in to college guaranteed that you'd be making more money afterward. That's no longer the case. The market was saturated with degrees of dubious validity to the point that all they do is tell your potential employer that you're capable is sitting down and shutting up for four years.

Anyone with less than $100,000 should be teaching their kids real skills: resilience, ingenuity, troubleshooting, and initiative. College teaches the opposite of all of these, except to the very tiny 0.1% who would succeed either way.

College only ever worked because it was exclusive, so completion showed a level of ability beyond what other could acheive. Part of that is the price tag. By removing requirements, you'll invalidate not only your own degree, but everyone else's as well.