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).
It would absolutely work.
Forcing people into crippling debt, however, helps create the indentured servitude class. The in debt students and future workers are less likely to waste time on stupid things like protesting or revolt.
Educational debt is one of the prongs of system rigging and the elites in America prefer it this way.
Elite owned media keeps pumping out the bs of affordability and scaring people with trans nonsense and the cycle keeps on going.
If Americans could wake the f up it could change quickly, but history has shown that they won’t.
It also helps push people away from furthering their education. If its just another bill to pay, why bother when you can get just as good a job without it?
I would love so much to go to college, but yeah, at this point in my life it becomes a business question, rather than about personal betterment. Everything is a desperate “Return on Investment” calculation anymore.
Yeah, it definitely pushed me away. I can do art and gamedev without a degree (but haven’t made it yet for a plethora of reasons), but you need a bachelor’s if you want any hope of escaping the country. Drat! Cornered.
I teach myself stuff all the time, but it doesn’t come with a paper that says I put myself deep in debt to do it, so, I’m automatically disqualified for “good” jobs. :(