[thathndude]

Yeah. The dirty/ugly truth is that, economically, the real answer to this problem is not very pretty. Loans would be given out to people with demonstrated academic success, and with a pathway to a job with a proper income to support repayment. You would probably have parents cosigning for loans.

The practical affect would likely make college much more difficult to access for minorities and other individuals low on the socioeconomic status spectrum. It would likely have a net effect of slowing upward mobility and create a college aristocracy.