Via Robert Shibley, who has an elegant solution to the problem: “1. Capitalize the schools to loan enough money for 4 years of student loans. 2. No selling the loan notes – let them loan the money and collect it. The end. What do you wanna bet that college suddenly gets rigorous and cheap?”
This was so blatantly and obviously unconstitutional that even Pelosi said it was (at least initially). I’m cynical enough to suspect that they knew they had no hope of winning, but did this to rile up the base to again demand packing of the court.