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.

      • Delphia@lemmy.world
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        1 year ago

        Where does it say that?

        Imagine if they made student loans illegal, with current tuition prices in America there literally arent enough people wealthy enough to afford to keep the schools full.

        The schools would either have to close, or find a way to make attending them affordable. As it is they can charge an arm and a leg, convince people to take loans, its all someone elses problem in 10 years and the “someone else” isnt the school.

      • nodsocket@lemmy.worldOP
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        1 year ago

        Not exactly. I’m saying that banning loans would lower the price of education, either through cost cutting by universities or by a new education system taking its place.

        • Ada@lemmy.blahaj.zone
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          1 year ago

          But unless it’s free, the majority of people wouldn’t be able to afford it anyway. Remember most people live week to week with no savings buffer.