Chicago TribuneThis idea just sounds foolish to me. The student debt crisis exists in part because we force on people the idea that one must have some type of formal training after high school to be successful at all. Not all high school graduates are prepared for college and plenty of people don't want or need college. There's blue collar work, starting your own business, pursuing a career in the arts, etc. The only thing this guarantees is a mountain of debt for people who otherwise wouldn't feel compelled to apply at these schools.
If the city passes this, it will probably (hopefully) be blocked by the courts because acceptance letters are not required by state law. I'm not sure how the city would enforce this, either.