Student debt crisis watch: pay $18,000 of your $24,000 loan, owe $24,000

With student loans you cannot declare bankruptcy, therefore they are 100% guaranteed loans
and lenders should not be allowed to charge high rates.

Much of the European union, university is free. For that matter as a foreign student you can even study in Germany for free, if you qualify and they put you in the Goethe institute to brush up your German.

In the US this would be $60billion dollars, which is what they spend on Darpa or 5% of the military budget.
It is the best bang for the buck as far as government investment goes.

17 Likes