Read on Twitter
I think it's good to think of others, so I like this sentiment. But, I think it's wrong to force others to do this. It screws up economic incentives by encouraging debt sans consequences and is unfair to people who don't feel the way this person does, which they have a right to. https://twitter.com/kumailn/status/1328491497746907136
I think a better alternative would be to allow for the discharging of student loan debt, as with other forms of debt, through bankruptcy. This way, there are still consequences and the need to assess creditworthiness.
The government backing loans would mean, even more than now, that neither schools nor students have to think beyond pursuing knowledge or credentials, which is fine in a vacuum but not when others, who may not want to, have to bear the costs when they explicitly chose not to.
Accruing the benefits of something but socializing the costs, when unwanted, is not right in my opinion.
Even better, it may be ideal to start a program that does this without forcing others, i.e. not with the government, or that avoid this problem occurring in the first place.
Even better, it may be ideal to start a program that does this without forcing others, i.e. not with the government, or that avoid this problem occurring in the first place.
