A Modest Proposal: 2.1

From the genius of David Burge comes an enhancement to my modest proposal for gently deflating the higher education bubble:

In the name of Consumer Protection, recent college graduates should have the ability to return the diploma and not make any reference to receiving education from the college in exchange for a 100% refund of college tuition. This may be extended with a graduated (ha, get it?) reduction for the last four years, with a red line at January 20, 2008.