They need his money to pay down other people's college loans.
reagan ordered a study of where exactly income taxpayers dollars were going in the early 80s - even way back then the findings revealed that 100% of the income tax dollars were going to SERVICE THE INTEREST ON THE NATIONAL DEBT. https://media1.giphy.com/media/Y9T2yhyQwOHPa/giphy.gif?cid=6c09b952ja9pr3meebm16gldanp1qvfwz7u85rafubjt89y8&ep=v1_internal_gif_by_id&rid=giphy.gif&ct=g