The money from repaying the loans goes towards funding the schools

Federal loans, one of the most common people take for schooling is governmental money when those loans are paid off. This in turn allows for the interest accumulated and paid off to then become federal funding, allowing for other students to receive aid. There's many options for college, especially now. Public, Private, art college, graduate school, even online courses but these places didn't come out of nowhere. They were built with money and need money to run, a lot. A number many people underestimate. It's a personal choice for where a person goes but it still costs them something to attend.^[1] Need is calculated based on what people can afford.^[2] There's also many options at the students disposal to pay the loan debt back. Work, on campus work, internships, the students just need to be smart about it. Schools though, while they might not seem it, also need aid from time to time. The money that goes into them from the students isn't always enough to keep the entire institution and all the little gears and cogs working. This brings us back to the monetary struggle. It's not just students that struggle with it but schools too. For students it's a lack of understanding money that makes it hard while for schools the sheer size of everything they have to take care of makes it hard to distribute funds fairly and effectively. Humans always struggle to think about the long run instead of the present.^[3] Debt is something that's gained a title of taking a long time to pay off. If people had a better understanding of how the system worked and how to save then they wouldn't struggle as much to remove their debt. It's a lack of understanding that makes people believe removing the student debt system entirely would be the helpful solution.