When students have little hope of completing an academic program, subsidies are not just a waste of taxpayers’ money, but a waste of these young people’s time and effort at a crucial age. Too often, they drop out with a sense of failure, poor work habits, and perhaps a sizeable debt.
In an era of scarce resources, ending pure need scholarships may cause low-income students to make wiser choices about their futures. It would be far better if, instead of floundering in an academic institution, they learned a trade, entered the military, or gained work experience. If they really wish to pursue a bachelors’ degree, they can prove themselves worthy of scholarship money by taking classes at low-cost community colleges first.
Like most well-intentioned government programs, this is a disaster.