Just change the culture. Instead of pushing kids to take out huge debt and grants straight out of high school, have businesses pay for students to learn a trade for exchange of a work contract. A local hospital could pay for a student to get a LPN license, if the student agrees to work at the hospital for X amount of years afterwards, for example. The young person learns a trade, works a few years and then they can save up money to pay cash for university or college. The price of college would go down then, if all students paid cash. There wouldn't be unpaid loans and more need for bigger grants driving up the price of college tuition.
Or another solution, colleges can adopt this program from Alice Lloyd College. Many students graduate from that college with no debt.
WorkProgram
Someone's God forbid the President doesn't do any research and try to actually pioneer a new solution, let's just fall back on the ages old flawed tax and spend method.