I don't think so. When a party or someone who aspires to govern this country makes a commitment in writing, on January 12, 2006, in a letter sent to the President of the council of the Fédération des cégeps, to create a Canada education and training transfer, he has a duty to meet that commitment. From my standpoint, the solution you're suggesting would mean that the commitment the Conservative Party made during the election campaign would not be kept.
However, I entirely share your colleague's view. For the future, we must aim for a Canada education and training transfer that is clear, transparent and that enables us to monitor changes in funding and to ensure that that funding is indeed paid to our colleagues and to our universities.