[ealloc]

> Universities will just start offering education for free instead of waiving the tuition

Aren't you supposed to be taxed on the value of a good/service/gift received even if it was given to you for free? What is the "true value" of tuition?

I don't think waiving tuition will work, assuming tuition is taxed like most other things.

[loeg]

As with anything in a market system, the true value is what the seller is willing to part with it for.