AlephZero posted...They can, but there's something like $1.3T in outstanding student debt. That money has to come from somewhere.
Isn't that assuming that the full $1.3T will actually be paid back? Is there any data on what percentage of student debt actually gets repaid?
You guys should move to a system like the UK's where student can get loans from the government to pay for tuition and living costs but only have to pay them back in favourable conditions (off the top of my head I think it's you don't pay anything if your annual income is below 21000 and then you pay 9% of your income above 21000). While this isn't a perfect system it makes it virtually impossible that anyone is going to be financially crippled purely off of their student debt and the government still recoups a decent amount of money.
---
You've got Lemon, make lemonade.