In a way I think educating future generations through college is a matter of national security -- how many Chinese college grads are going to be out there in the future? I'd definitely choose college with the following caveats:
-- Must maintain a certain minimum GPA to continue once in the program.
-- Must be one of a number of different programs including science, engineering, math, medicine, education, certain business/econ majors, etc., etc. from major public universities; and, trade schools, nursing, and chemical dependence counseling from community colleges.
-- I have zero idea how the financing would work but in no way, shape or form should current educational rates apply -- colleges should not be "for profit".