What marginal benefit does a person with Merit aid going to Dartmouth or Carnegie Mellon over Binghamton or Pitt have to me? Hell, I’d even say giving them government backed loans or other aid doesn’t benefit me.

We need a radical reallocation of capital away from the folks that are already doing the best at the expense of the rest of us and towards people and institutions that foster social and economic mobility. Ending government backed loans to all non-community colleges or in state public programs would be a start.