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.
Why not make it free? At the end of the education cycle the student will get a job and start paying taxes. Isn’t that what society needs? Having educated people to do various jobs. Why putting that behind a crazy paywall?
I’d be in favor of that too. My point was to highlight that it’s not the loans themselves that are the problem.