this post was submitted on 15 Jun 2023
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Ah, student loans are, in fact, a problem. One-time relief of student debts is a good thing - provided there are no new debts on such a scale and the mechanism changes after that.
Charity sponsorship of students is a good thing without doubt. Private stipends are a good thing. But when loans which are not going to be returned in a normal way are becoming that common, then something is wrong and should be fixed, not poured more money into.
They are a cause of inflation in education (which, of course, harms the students as well), of people like AOC talking and being listened about economics, because on paper they would be qualified, and so on.