I suppose it would depend upon the field of study. As an Engineer, starting salaries out of a bachelors degree is commonly around $55,000 a year. A typical loan payment is around $200 a month, less than one days pay. For anyone studying engineering, they don't need any help.

Also, the best students get offered more and have more opportunities than students with poor grades. The students with poor grades NEED more help than the students with good grades.

This would involve another very poorly run socialist program by our government.

I suggest students apply for as many private scholarships as they can, and use their high GPA to maintain said scholarship.

Most colleges already offer merit-based scholarships, and require such students to maintain a certain GPA. A school may be able to motivate its students using a system like this, but I suspect it would be fairly complicated and be a major hassle for teachers, as every student will be grade-grubbing.

BTW, toastydeath, there is no mention of the government in this proposal.

Colleges are businesses; they are trying to make money. They can't afford to give out free educations to good students. This would force the school to encourage giving out bad grades to most students just to ensure their profits. This has the potential to create a rather antagonistic relationship between the students and their teachers.