Clunk!!! That was the sound of the states dropping subsidies from their state universities since the Federales will pay the whole list price. Why just have local taxpayers subsidize them when you have 49 other states to do it too?
So people who worked their way through school and didn’t take loans get nothing, nor do people who paid off their loans. And what about people just starting college. Will their loans get paid off too? It seems only fair. In which case, everyone will take out loans (free money) for college.