Obama did attempt to address this, but more along the lines of promoting community colleges as an alternative for those that couldn't afford college. He was almost trying to create a competition to the existing college structure, but despite the effort it didn't really fly. Kids don't see community college as much more than a glorified trade school and most of that is often best taught in apprenticeship rather than in a school lab environment. The thing is that until they remove the bankruptcy provisions from this debt load, it will continue to grow at a rate that is downright dangerous - not that it hasn't already hit that level. I mean $1.5 trillion in debt load? That is crazy. This has to change or it will bankrupt all of us.
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