The problem with that is that no bank is going to give a kid with no assets $81,659 a year [0] that they can just wipe out instantly after college. Thus you'll

The problem with that is that no bank is going to give a kid with no assets $81,659 a year [0] that they can just wipe out instantly after college. Thus you'll likely create a two tier system of colleges. One will be low cost enough that declaring bankruptcy after college is not worth it. These will likely be crappy because they cannot afford good facilities or the best professors. Then you will have the super expensive ones with nice facilities and the best professors that only kids with rich parents who can pay for it can go. [0]: https://admission.usc.edu/learn/cost-financial-aid/ https://admission.usc.edu/learn/cost-financial-aid/