This would save young Americans from going into crippling debt, but it would also make a university degree completely unaffordable for most. However, in the age of the Internet, that doesn't mean they couldn't get an education.
Consider the long term impact of this. There are a lot of different ways such a situation could go, for better and for worse.
You may know everything, but no degree no luck?
Why not think a but further? Money for people that need it, free universities? Like… in the EU?