First and foremost, it contradicts Obama's blithe quote during the SOTU that students shouldn't go bankrupt trying to go to college.
Totally. In a world full of things to cut, it's absurd to cut here. I agree.
I have a mortgage's worth of debt in my higher ed degrees, and I make a small pinch below the median in income. Getting into higher ed is already a bit of a 'service' job (i.e., you ain't doin' it for the income); this will exacerbate that problem substantially.
postgrad degrees ≠ 6 figure salary. Or even high 5's, necessarily.
I'm sympathetic, I really am. And I agree to a large extent. I'm certainly not willing to do pitched battle over it. I'm just saying that at the macro level, how much sense does it make to incentivize graduates and doctorates when the income/debt ratio is so outrageous even without subsidies? Does the world need a Ph.D in *insert soft science here*? Of course. Does it need XX,000* per year? Hellz no. A very statistically significant amount of them will not get a job that pays anywhere near what it costs to cover their education. Why incentivize that? Isn't there a better way to target higher education needs?
Framed against the tax cut, this is a stupid, stupid, STUPID point I'm making. I'm just sayin, in a vacuum.
*assumption, I couldn't find a number