Encyclopedia of Opinion
Question
Should student loan debt be eliminated?
Position‹3 of 3

The student loan debt system should be revised

This position holds that student loan debt should be reformed rather than wholly eliminated. It argues that loans have come to serve lenders' profit through compounding interest rather than students' needs, and that overhauling the system would ease repayment and free all parties economically.

Supporting arguments · 2

  1. The system should support students, not be used to make money
    While student loans are meant to aid students the math behind it is much different. The equation is specific to finding out not how much aid a student needs but how much they can afford to give and that number is almost always too high to afford.
  2. Revising the system would allow for more economic freedom from all parties
    Coming out of school with debt almost seems to be the college or grad school experience in this day and age. Revising the system would make that experience much more bearable.