This would save young Americans from going into crippling debt, but it would also make a university degree completely unaffordable for most. However, in the age of the Internet, that doesn’t mean they couldn’t get an education.
Consider the long term impact of this. There are a lot of different ways such a situation could go, for better and for worse.
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I would oppose it. It would make colleges far harder for most people and severely limit access to education. In the future yeah, I don’t want to see student loans being a thing (free education) but right now I could only see the effects of that being negative