With that much money no longer being owed and instead being given the opportunity to be passed on to other business, economic growth can be easily predicted. Though initially there may seen to be no downside to this plan, what many people neglect to remember is that the money given to the schools pays for the faculty, the maintenance, new buildings, technology, and overall improvement of the college. This leaves the question of how will all of these things be paid for if students no longer have to pay to attend college? It also puts into question the prestige of colleges and the work ethic of students. With both pros and cons, it is a topic of serious debate, one that should be further explored.
Simply writing out the words “no student debt” creates the sound of millions of students crying out in joy. With the average student graduating with an average of 35,051 dollars in debt, it’s easy to see why discharging student loans in bankruptcy would be a significant weight lifted off of their shoulders (Berman). But not only would it cause less anxiety about entering college and whether it’s benefits are worth its cost, it would also help the country as a whole economically wise. The money …show more content…
Though economically it sounds like it would be a great help, it is also implausible because the money that would be used to pay the teachers, staff, maintenance, and other necessities would still be coming from the american citizen’s pocket. While college also instills healthy habits and skills, having a free degree could discourage students to work as hard as they do now to both receive acceptance and remain in school. Considering that a college degree is the way to success in America, what it comes down to is whether the majority of people believe that everyone should have an equal chance at the american dream, or if people need to work for their