Do you believe that Princeton, Harvard and Yale are fighting for their survival?

[The Velveteen Ocelot]

6. The Ivy League schools won't be affected by this proposal.

There are enough wealthy alumni, and enough 1%-er offspring of same who can afford to attend those schools, that their survival is not in jeopardy. Community colleges are not competing for those students, who wouldn't be caught dead attending a two-year college with hoi polloi.

I do think the intent is to provide a good alternative for those who can't go to an expensive four-year private college, and to give those students a start on an education that won't put them in debt forever and will keep them away from those parasitic for-profit schools. Current student loan debt is a big problem - there's a potential bubble there that could have almost as disastrous consequences as the real estate crash. 30 years ago you could discharge student loan debt in bankruptcy. That should be made possible again.