The problem with that is that you've just massively increased the economic barriers for poor people who want to go to college.
My proposal provides a very clear incentive to universities to not jack up tuition while continuing to provide reasonable educational access to people whose families are not in the top x% of the population.
By eliminating loans, most universities would be drastically cut their fees. Good poor students could get scholarships and bursaries which is already the case.
Colleges are bogus insitutions, they have been since the advent of the book, radio, television, and especially now with internet.
Comments
The problem with that is that you've just massively increased the economic barriers for poor people who want to go to college.
My proposal provides a very clear incentive to universities to not jack up tuition while continuing to provide reasonable educational access to people whose families are not in the top x% of the population.
By eliminating loans, most universities would be drastically cut their fees. Good poor students could get scholarships and bursaries which is already the case.
Colleges are bogus insitutions, they have been since the advent of the book, radio, television, and especially now with internet.