Funny how almost every top-down system intended to offset problems similar to tuition costing too much are deeply flawed. They're either rife for exploitation or encourage the wrong incentives. Personally I focused on growing weed until I was 26 and could receive financial aid on my own income, which was $0 of course.
Healthcare costs are a similar problem. It was solved in every highly developed nation (with one notable exception). The solution isn’t endless money, it’s to use negotiating power and reasonable price controls. The same policy (price controls/tuition hike caps) was very effective in the United States until the states decided to defund higher education and repeal the tuition hike caps.