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You made a lot of improvements on the 500-word argument. I think you're on your way here to making sure your message is clear and understandable to your audience. The language is clear for the Internet and I wasn't confused by what you wrote. I was convinced of what you had to say, for the most part!
In terms of structure, I recommend making it known from the beginning that your solution targets college students. At first, I thought you were writing about drinking in general, but I noticed in the final paragraph and throughout the piece you came back to college students. Can you clarify that you want to help college students benefit from this?
Don't forget to break up the paragraphs a little bit, especially the ones that are a bit longer. Finally, what are some arguments against your proposal? Can you find someone or two people you can critique but also use to support your argument?
You'll strengthen your argument if you can say a little more about the benefits that occur in Europe.
This draft is great, Vineet. Making a few tweaks here and there and you'll achieve the goals you set for yourself.