I do not like the idea of subsides. Subsidy is like giving something for free and it makes people lazy. When you give loan to a person to start a business or study, he would show more responsibility. But suppose you completely waive off the fees for a student, he will start taking studies lightly. He will behave like he has nothing to lose (monetarily) even if he fails in the exams. Loans are also the primary income source for banks and many will collapse if we end the loans. Since a lot of people deposit money in banks, all of them will be affected by this.