^ I agree that going forward, definately treating trade schools, and likely general undergraduate education should be free for the attendees (paid for like K-12), would be good for society. Unfortunatly the 10k loan forgiveness deal will likely have a negative impact on society unless the underlying problem is addressed. Tuition has outpaced inflation by 4-5 fold over the last half century, and that is directly related to the availabilty of loans to people who would not qualify for loans outside of student ones, IMO.
Antecdotally, I paid less than 2k/year in tuition at SFSU from ~1998-2001, and it looks like it is now ~7.5k/year. That is over a 350 percent increase in two decades, which greatly outpaces inflation over that time period. If there are no substancial changes to the availabilty of student credit going forward, then tuition will outpace inflation at at an even greater rate because the 10k forgiveness will be expected for future students, so schools will hike tuition. It seems more like political BS to me, similar to the stimulus checks to every taxpayer, just something to boost moral and gain votes, not something to actually improve or benefit society.
