Disagree. School is extremely expensive especially if you want an advanced degree. My old law school alma mater is about $50k a year now.
Charging interest is fine, but doubling it, or however high it is going to go, is absurd. We want a nation of idiots that can’t compete? That makes no sense to me.
The reason we're getting that is that colleges are being flooded with unqualified, disinterested students.
Want to inprove education? Have state universites cut way back on enrollment, and be FREE for those whose SATs or ACTs are in the top 10%, they've taken four SAT Achievement tests and scored in the top 80%, have taken a certain percentage of challenging academic courses, and have no criminal record. Forget the GPA...that's rigged and the grades are too high in many districts.
Then let the private schools compete for what's left. If anyone is dumb enough to go into debt for an education when the truly qualified and the wealthier/connected youth won't have debt, I really can't save them from themselves.
But I would provide for them by bringing shop and job-training classes back into the high schools.
There must be a cheaper school that has crooks teaching students to be crooks. ;-)
There are always other options. The military paid my way through college AND gave me a job when I graduated. I know doctors and lawyers who took that route, also.