This sounds like government should pay people subsidiaries directly. Like an HSA but for more than just health. If you use the account for school it's tax free otherwise there are fee or the transaction is declined. How much more amazing would service from utilities be if they had to go through customer to get the same subsidiaries they get now.
I have taken an education loan from a bank in another country. They literally only approved me for a maximum of $30,000 loan. Let me explain how that worked.
I had to pay first 15% from my account, they would pay the remaining 85%. Every semester, once I showed a receipt that I paid 15% to the university, that bank would wire the remaining 85% directly to that University.
What did this do to my decision making? I literally only chose universities for which I could afford the upfront 15% and the max of $30k. I chose this university even though I had admit from other universities which had higher tuition.
What impact does it have on universities? Universities with higher tuition start seeing a decline in enrollments. I got out with a max $30k debt, of which I paid 15% out of pocket already, per semester.
I could've dropped out of school and joined again a few years later but that loan would still be available to me for 7 years.
