Please hold off for a few years until my daughter starts (and finishes) college. Then she can run up hundreds of thousands of dollars in debt that will then be forgiven and she nor her parents will have to pay a penny!
Please wait.
Appalling, isn’t it? Every time, every single time, the govt gets involved, costs and economic mechanisms go out of control.
The govt forced banks to make mortgage loans without the borrowers establishing they had any way to repay .. we had the mortgage crisis. Govt forced banks to lend tuition/room/board/fees/living expenses loans to students without any way of showing those loans can be repaid and, presto, a looming student loan crisis.
There was a time when students went to the college or university they and/or their families could afford. The student might have had to alternate going to work for a year/going to school for a year until graduation. But they didn’t graduate with impossible debt because there were virtually no loans available, much less loans forced on lenders by a generous government.