The reason why student debt is basically unheard of in Denmark since college is free (although to make that happen, the Danish government poses high taxation towards citizens like they do in order to maintain stable social security nets like subsidised healthcare and public housing, also why they have less homelessness).
Mainly Danish, Swiss and European citizens are eligible to study without stressing over student debt upon graduation. It stems from this: Danish government is more on for the people while American government is more on caring about themselves plus nepotism on the side (MORE & HIGHER TAXES TOO ON TOP OF THAT).
American who moved to Denmark (though I haven’t yet studied here at university, just language schools).
It would work in the US just fine, except that it wouldn’t funnel money from 18 year old kids taking out loans to rich people’s pockets.
My overall tax burden is only a little higher (3.5-4%) than it was in the US. And for that I get healthcare, university, significantly better working conditions and QoL all around, and a society I’m proud of instead of ashamed of.
Big recommend, though I don’t consider the language easy
Does that also take into consideration not having to pay insurance premiums for basic healthcare?
I had a really sweet situation where I didn’t pay for healthcare. With almost any other situation in the US I’m sure it would’ve been net cheaper here