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Thats what they do for high demand degrees like Engg and Medicine in Pakistan. In Govt. colleges education is virtually free if you are admitted on merit, else you can go for self finance

And then what do you when most of the female medical students drop out and get married because the degree was just a tool in rishta negotiations? Why should working poor subsidize a status game?

"And the free program should be based on Merit, and career demand."

Who chooses what defines "Merit"?

The accredited colleges.

If you get accepted to their program, it's free for you.

Accreditation means auditing to standards and performance.

Scholarships. That's the concept you're grasping for.

Sure, Federal Scholarships. Lots of them.