And regardless of the fraction this would help, it is nonetheless a step in a good direction, no?
I don't know.
I'm all for making education as accessible as possible, and something is definitely broken.
But education can never be "free" in an absolute sense. It requires educators & administrators. Someone has to put in the work of creating the curriculum and teaching the students... not to mention acquiring the skills and experience to be able to do so effectively. And if it is a physical school that we're talking about, there are a lot of maintenance costs associated with the property as well.
All of that said, something contributed to tuition costs getting absurdly out of hand, and of a cultural shift towards more and more skepticism regarding the value of a degree and the return on an individual's investment. So tuition prices definitely seem skewed.
In most areas of the economy, the path to low prices is abundance. And I don't think that an education qua education is necessarily expensive. But some specific tuition at specific universities have gotten outlandish.
My question, and I don't pretend to know all the answers, is "why"?
I'm skeptical that free tuition is an answer to any problem. To begin, at best it casts doubt on a university's ability to make common sense financial decisions. At worse it supports the suspicion that their business model is so skewed towards political favours and handouts that they believe that it won't make any difference to their bottom line. Both scenarios spell bad news to me.
Secondly, while I have been focusing on the business side of education, there is an individual element as well. I'm a firm believer that ALL education is independent. You can have the best teachers in the entire world, but if the student doesn't put in the individual effort and hard work to understand and integrate the knowledge being shared, they won't be "educated." It will just be a complete waste of time and money. I'm sure that a good amount of students benefiting from "free of charge" education will put in the work, but you also risk turning universities into the joke that is primary and secondary public education.
I don't have the answers. But my knowledge of economics tells me that if you want maximum quality education at rock bottom prices then the best route is to encourage as much competition in the space as possible. You do that by removing barriers to establishing new schools, and making sure that incentive structures are sane. Instead of trying to restrict the amount of money that can be made in the space, you reward success and punish failure by creating an environment where it is very easy to start a new school, and if you succeed you get to reap all the rewards, but you're also taking all the risks so if you fail you go out of business.