First - End all Government-backed student loans. Its the 21st century form of debt-servitude.
Students become debt slaves to government, the money of which simply goes to tuition increases.
Second - I would also declare PRICE CONTROLS on University tuition. It would be excellent irony. Let all the leftists in academia flee to the free-market to claim that price-controls don’t work.
Third - announce a 5% annual tax on all University endowments over $1 Billion.
It's even WORSE than that simple calculus. Students think even more so that Government = GOOD! "See - it paid for my education. It MUST be a force for good."
It perpetuates our problem with a compliant, unquestioning citizenry that sees a benevolent government is here to see to all their needs cradle to grave. It is pernicious and downright evil because it destroys a self-reliant, critical-thinking citizenry essential to the survival of a free republic.
Given they have billions, require the university to pay the bills of their students in regards to their attendance. That way universities will easily only let in the brightest and the ones who will study real serious topics.