Hmm Interesting found this article about Excelsior College

[CMOS]

@ryoder and CMOS- that sounds nice but what about the kids who have parents that are struggling as middle class and cannot afford to pay for them out of pocket or the family who has a husband or wife that want to return to school to finish but cannot due their income. I mean come on. Yes it would be nice if all of us had 100k plus jobs to be able to pay our tuition all the time and the employers paid tuition but that is not the case. Honestly how would you be able to get the job without the education that was financed either by you or your parents??

Standardization would be a solution not complete removal of the system. Our society and nation is built on improving thyself. If you take away the FA it would take away the playing field with equality. You would have the poor always being poor because they cannot afford education and you would have the rich always being rich. Atleast with FA and other gov't programs it allows individuals to keep their head above water and have a fair chance at succeeding.

emichele The point is that the FA is raising the price and making it harder and hard to pay for an education. It's a catch 22 because you start off funding education for the poor but that makes it too expensive for the middle class. As a result you have to fund education for the middle class as well. As time goes on you have to fund education for a larger and larger percentage of the population and increase taxes higher and higher to pay for it.
Yes it will hurt for a while if FA is ended but I suspect that more schools like the big 3 would pop up to meet the demand for an affordable education and in the not too long run we would all be better off.