There would be others way to monetize and fund education / scholarships. The money that you won't pay in taxes could go somewhere else. There could be more businesses trying to improve the education field, which would be very useful seeing what we learn in our currently heavily subsidized schools/universities.
You mean like the model that exists for US universities? No thank you. I had quite a good experience with the public higher education system in Europe, and would want as many people as possible to be able to participate in it as well. Education should not be limited to wealthy people, and pretending that offering soul and finance crushing debt opportunities can counteract that imbalance is naive at best and malicious at worst.
I am done discussing with you. The viewpoints that you have presented so far seem shortsighted and detrimental to society to me. Luckily, you are unlikely to have any effect on standing law.