Americans, how would you feel about making student loans completely illegal? - eviltoast

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.

  • Kelsenellenelvial@lemmy.ca
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    1 year ago

    Canada recently stopped charging interest on their student loans, that goes a long way to affordability. The other thing though is just plain cost of education. It can be cheaper to get a 4-year degree from a Canadian University than take one year of a comparable program in the US.

    • VieuxQueb@lemmy.ca
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      1 year ago

      And yet as a Canadian I know a lot of people who did not persue higher education because it’s too expensive to do so. Only the rich can afford a “good” education.