People will still go for the degrees they go for today, which for the most part are degrees they believe will provide a good return on their investment of _time

People will still go for the degrees they go for today, which for the most part are degrees they believe will provide a good return on their investment of _time_. On top of that, unis would need to limit how many people are accepted to a penguin program, because how many qualified teachers can they throw at that? Beyond admissions quotas, I imagine that if gov’t does decide to fully subsidize unis, they too will impose limits per field of study. This is already done in European countries that subsidize uni. Finally, I think with “guaranteed” gov’t loans, unis have already taken a lot of their skin out of the game. They don’t have to worry about that student defaulting on their loan later, the gov’t does. Or even for private loans. If you had a seemingly infinite bank account, would you penny pinch or see how many new toys you could buy?