FWIW, it really makes zero sense for the American taxpayer to cover the college tuition of students from wealthy families.

You’re also going to be hard-pressed to convince me that the answer to our student debt crisis and skyrocketing college tuition costs is to further subsidize those costs with federal stimulus.

Seriously. In all the talk about ‘free’ college & debt forgiveness, how is reform of colleges’ cost structure not the first conversation? How are we not talking about breaking the monopoly of the one-size-fits-all 4-year degree? There shouldn’t be just one secondary ed ‘product’.

Imagine a world (..and bear with me here), where colleges were free to structure their own degree programs at market competitive prices & track the success of their graduates. If A&M can educate an engineer in two years at half the price, why force a student to pay for two more?

This would totally change the metrics on which colleges compete for tuition dollars. Demand would be driven by something at least more akin to economic value, putting downward pressure on price by calibrating demand to its true un-inflated level.

Trust me, I can hear the objections now: “College is about learning, not just dollars.” ... “This is so radical!!”

This proposal is no less radical than forgiving everyone’s debt & further subsidizing tuition. “Bold” reform doesn’t always have to mean more federal dollars.