Not unless the budgets of these schools are brought under control first. A pipeline of seemingly free money is at least partially responsible for creating the current mess. Making it "free" with no restriction on how much will be spent on "free" is going to lead to even more runaway growth in the cost of providing education.

They could easily set a limit based on headcount, similar to public schools. The only problem I see with that is people purposefully defunding the system and turning it into a bigger bureaucratic hell like many public schools have become.

I paid off my student loans. If people who didn't pay off their loans get forgiveness, I should be entitled to a refund.

Can I add my mortgage debt to this please? I want in on the free stuff too!

Now sure why you are downvoted. This is by far the best option.

yeah, weird right?