Well, you could argue that there will be greater economic productivity from subsidizing education and allocating college places solely on merit than there is under the existing system, which causes students to graduate with significant debts. This model seems to work quite well for a number of other countries. Ireland does this, and the proportion of young adults (25-34) with degree is ~30 higher than the EU average, at 41%, plus Irish universities are highly rated. There are discussions about reintroducing fees, but I think they need to be seen in the light of Ireland recently getting hit with an economic triple whammy after a period of unrestrained fiscal growth.
Alternatively, one might increase the available tax deduction for interest on student loans, which is capped at $2,500 per annum. I fail to see what economic purpose is served by having students graduate with $40,000 or more of debt when their earning potential is lowest.
Alternatively, one might increase the available tax deduction for interest on student loans, which is capped at $2,500 per annum. I fail to see what economic purpose is served by having students graduate with $40,000 or more of debt when their earning potential is lowest.