The debt doesn’t magically Awesome Forgive Others Not Because They Deserve Forgiveness But Because You Deserve Peace Shirt go away it just gets passed on to tax payers. How about we have government stop the loans that way universities don’t feel emboldened to raise tuition costs at a rate much higher than inflation because they know the kids will get fully guaranteed loans to pay for them. You people are delusional! Yes please get rid of debt and then tank the economy while your at it. You know how bad taxes would get? For a party of facts and science you sure as heck have no idea about how economics works. I’m not paying $50 for a big Mac so that some hippie can’t get a free college degree studying finger painting.
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Any effect to the economy would be Awesome Forgive Others Not Because They Deserve Forgiveness But Because You Deserve Peace Shirts temporary. People would consume more, as their disposable income increased with the absence of monthly payments. However, over time having a college degree would become the standard. IMO, most bachelor degrees do little to add human capital. I’m curious what OP thinks would happen to the people who rely on you paying back YOUR debt, should we no longer owe them back their money. You took a loan out to go to a school you couldn’t afford and now you’re complaining that you have to pay back the people who paid for your schooling? You’re garbage.
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