This would save young Americans from going into crippling debt, but it would also make a university degree completely unaffordable for most. However, in the age of the Internet, that doesn’t mean they couldn’t get an education.
Consider the long term impact of this. There are a lot of different ways such a situation could go, for better and for worse.
In the short term, only the children of the wealthy could continue into higher education. Anyone else who had dreams of doing anything that required higher ed, including professions that are already in short supply like doctors, nurses, and pharmacists, would be SOL. I can see how “starve the beast” makes an appealing, easy to understand fix for the issues in higher education, but I think the cost to people is too high to do it like that.
There would definitely be a shock to society in the short term.
Pharmacist market is saturated…
Where are you getting this info?