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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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[–] Aicse@lemmy.world 7 points 1 year ago (1 children)

Why not make it free? At the end of the education cycle the student will get a job and start paying taxes. Isn't that what society needs? Having educated people to do various jobs. Why putting that behind a crazy paywall?

[–] LilB0kChoy@lemm.ee 1 points 1 year ago

I’d be in favor of that too. My point was to highlight that it’s not the loans themselves that are the problem.