And this goes back to the premise of Saunders' argument - that any college degree is somehow the key to wealth an success in America. It isn't. If you go to a good college and get a good degree, it might help you up the economic ladder. If you go to shitty college, get shitty grades, and get a shitty degree (or any one of those three things) you are just wasting time and money - whether it is your money or the governments is irrelevant. Degrees in "Liberal Arts" from no-name university with a 2.5 grade average are not going to qualify you for any job other than waitstaff at the Outhouse Steakhouse - for the rest of your life. The best that can be said of such degrees is that they keep young people out of the workforce for another four years.
And this is what makes me sad about America - not that we try to vote for a free lunch, but that people even think a free lunch is possible. Economic and Political reality are thrown to the wind in favor of "what's in it for me!"