Well I think this move is only going to hurt people in the short run, it was just asking for further dive in a recession, I do agree with this sentiment of it.

Tuition prices are absolutely insane. Colleges and universities are spending money on ridiculous nonsense, and that needs to be reigned in severely before Just throwing billions more taxpayer dollars at them.

That said, these funds weren't going to the universities. They were going to the banks, so cutting this off isn't going to influence tuition rates in any way.