Subsidies generally drive prices _____.
a. up
b. down
This is a dumb question.
Subsidies drive the price of corn down because they are getting paid to produce too much. Then they turn the excess into ethanol anyway. So food prices are higher cause we're putting food into our cars. Those resources to grow the corn didn't come out of thin air. It bids up the price of farmland, and it represents an opportunity cost. Why grow broccoli when the government will pay you to grow corn. So it changes the natural economic equilibrium of things (hint, broccoli, and everything else gets more expensive because too many farmers are growing corn).
This will be no different. Will CC be free if they pay for it? Yea... but the flood of people getting associates degrees will probably force universities to take away the guarantee of admission for holding an associates like many states do now currently. Making community college just a huge waste of time, AKA highschool #2. The flood of people now needing to finish up a 4 year degree will bid up tuition prices with FAFSA money where they don't understand the value of the $50k they borrow EVEN WORSE than it already is now, which is pretty bad.
If you don't have the money for CC and you ultimately end up going for a bachelors you'll probably end up like trident. Legions and legions of tridents. Economic wise its going to artificially increase the number of people attending CC, but its not going to actually increase the number of people capable of completing a 4 year degree, since tuition is already rising like 10% YOY and this program will indeed make that worse (higher demand). So what then is the point? While in CC you still have living costs which is like 3x what the tuition ever was. This is a bad idea. People will be going to CC for all the wrong reasons.