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Americans, how would you feel about making student loans completely illegal? (lemmy.world)

submitted 1 year ago by nodsocket@lemmy.world to c/asklemmy@lemmy.ml

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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.

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[–] boatswain@infosec.pub 1 points 1 year ago* (last edited 1 year ago)

In general, I'm opposed to the idea. College professors don't work for free, and colleges have to pay them.

Professors don't make up near as much of the bill as the administrators and coaches that pull down 7-figure salaries. There's almost as much bloat in the US University system as in US Healthcare. The answer to both is the same: they should ideally be free. Failing that, it should be illegal for either to be profitable businesses.