This would save young Americans from going into crippling debt, but it would also make a university degree completely unaffordable for most. However, in the age of the Internet, that doesn’t mean they couldn’t get an education.
Consider the long term impact of this. There are a lot of different ways such a situation could go, for better and for worse.
I think student loans are a symptom of the problem. But not the problem itself. The problem is that college is so incredibly unaffordable for many American students. If higher education wasn’t so absurdly expensive, many students could take out fewer loans.
The loans are not just a symptom. Is probably the main cause of current college prices. Prices would not be so high if students would not be given money to pay them.
They are the cause for the high tuition. I don’t have it on me, but I saw a graph showing that when Biden made Student Loans impossible to forgive via Bankruptcy, the prices for tuition positively skyrocketed.
when Biden made Student Loans impossible to forgive via Bankruptcy
That’s a curious way to describe Republican-led, bipartisan legislation with where Biden was one of 18 Democratic votes in the Senate.
