The main issue with this approach is that it doesn't help people who struggle financially or come from disfavorable backgrounds -- whom federal student loans aimed to help.
Some sets of circumstances don't favor score maximization on such tests, whereas being in a high income family favors prior access to education that help get those scores for instance. Ergo you'd not solve a better access to education that way.
Similarly, means testing for those slots also has negatives incentives. It's a hard issue to solve.
Some sets of circumstances don't favor score maximization on such tests, whereas being in a high income family favors prior access to education that help get those scores for instance. Ergo you'd not solve a better access to education that way.
Similarly, means testing for those slots also has negatives incentives. It's a hard issue to solve.