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Without an overhaul of how we understand student benefits, making college free would boost the wealth of college attendees without any egalitarian gains. The goal of free college should not be to help students per se, but instead to bind them to a broader welfare benefit system. By presenting their tuition subsidies and living grants as indistinguishable from benefits for the disabled, the poor, the elderly, and so on, it may be possible to encourage wealthier students to support the welfare state and to undermine students’ future claims of entitlement to the high incomes that college graduates so often receive. After all, the college income premium would only be possible through the welfare benefits to which the rest of society—including those who never went to college—has contributed.