You mention that our educational system needs reform.
I believe we need to move our educational system into this century. Children today are very computer literate and love playing computer games.
Educational games could be created that would teach basic skills but still interest the student. Imagine a historical games based on the student being a time traveler. The student could wander the streets of ancient Egypt, Rome or London in the middle ages. He could be given a task to complete that would require learning basic facts about the civilization at the time.
Or a stock market game that would teach how companies operate and how to invest. A lot of math could be taught in this game.
I watch my daughter and grand kids play the computer game World of Warcraft and while I am distressed by its addictiveness I am also impressed by the market place and the trading skills that my grand kids learned. The game does have some educational value.
I have enjoyed playing some educational type games such as SimCity and some strategy games such as Nobunaga's Ambition. I learned how difficult it would be to be a city planner or a conquering general.
Now I'm not suggesting that teachers be replaced by computer games and simulations, but that they would provide an excellent tool to interest young minds.
I agree with you that we are putting too much emphasis on a college education and that it's really not necessary for all that many jobs. We do need to make sure that the really qualified people have a chance to go to college. We are reaching the point where only the very rich kids can afford a good quality education. While this is a good way for the rich to maintain the status of their children, it's a poor way to advance our country. With this system, we may well end up in a feudal society with lords and peasants.