116
submitted 1 year ago by nodsocket@lemmy.world to c/asklemmy@lemmy.ml

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.

you are viewing a single comment's thread
view the rest of the comments
[-] Fizz@lemmy.nz 9 points 1 year ago

In my country loans are interest free. This makes them easy to pay off with destroying your life. You can also pause payments with no issue.

[-] QuarterSwede@lemmy.world -3 points 1 year ago

Loans can’t be free in a capitalist society. No one would offer them.

[-] Kalcifer@lemm.ee 3 points 1 year ago* (last edited 1 year ago)

I presume that anywhere where interest-free loans are offered, they are offered by that country's government. Canada, for example, as of April 1st 2023, offers federal student loans interest-free. Depending on the province, some may not have interest on provincial loans, as well.

[-] QuarterSwede@lemmy.world 1 points 1 year ago

That’s the only way it makes any sense.

load more comments (2 replies)
this post was submitted on 11 Oct 2023
116 points (71.6% liked)

Asklemmy

43719 readers
1788 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

  1. Open-ended question
  2. Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
  3. Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
  4. Not ad nauseam inducing: please make sure it is a question that would be new to most members
  5. An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~

founded 5 years ago
MODERATORS