So only the rich can afford to be educated?
Plenty of other ways to get educated if you can’t afford it. Student loans are a trap anyways. It would just force people to work harder for an education. Teach some basics and give a solid base to use in life. And trust me, these schools wouldn’t be so expensive if the money wasn’t readily handed out.
Trade schools would boom. Debt issues most people have would be better. Kids would have a work ethic. Military recruitment would go up.
And maybe, just maybe, some parents would save some money and not be driving that $75,000+ SUV back and forth to soccer practice.
You do t need an education to make money. I can promise you that! My education level is very limited, but I’m no dumbass and have made my share of money already in life. You need a work ethic, you need to know how to show up every day, you need to know how to show up on time, you need to be able to manage money.
Student loans are not used correctly for 90% of people using them. But it’s easy and people are making a lot of money providing them, so they will continue. Sure 10% are truly getting a benefit from them, and good for those folks. But I’m sure those individuals using them correctly would find another way.
Back to my original point, get ride of student loans and the workforce would benefit. It’ll never happen, so I guess it wasn’t even worth my time to mention it. Pipe dreaming...