While there is theoretical merit to that line of thinking, the practical extension of that thinking is that for all intensive purposes nearly every student plan

While there is theoretical merit to that line of thinking, the practical extension of that thinking is that for all intensive purposes nearly every student planning on attending college is jobless and broke (aka a high school senior) and therefore can not afford college, and thus entitled to financial aid (regardless of if their parents are billionaires or below the poverty line)