That is very valid, and I don't want to discount the risk of that happening.
However, the way that I see it. If we were to actually put some serious political pressure behind fixing our education system so that was no longer a valid risk. (I mean ideally the idea of price and school for the first 2 or 4 years wasn't even a conversation, but clearly we are not ready for that) than if/when we were able to address some of these fundamental issues, we would do something like this already.
Acknowledge that due to policy failures there are students that went through school before fixing these problems and do something about the debt they are dealing with. At least getting it in line with what a current student would expect to be going through taking years of payment into account.
My thing is though, why wait? Why not do something about it now. Especially given the realities of the current political climate that, frankly I am not convinced we could get anything else actually done.
I fully acknowledge that risk exists and the high likelihood that there have been conversations in school boards or whoever actually makes those pricing decisions about what exactly this means. It's ridiculous that I look at some schools that have a yearly tuition inching closer and closer to $100,000.
The way I see it there is no best solution. Either we do nothing, we keep things as they are, maybe we slow down tuition price increases a bit, and millions of people are still stuck with underwater loans years after graduating. Hoping that we will get the right people with the right political power to actually do something about the school system now.
Or, we do something, we take that risk, we watch what happens. But also giving relief to a lot of people, who will also then have more money to be able to spend in the economy.
However, the way that I see it. If we were to actually put some serious political pressure behind fixing our education system so that was no longer a valid risk. (I mean ideally the idea of price and school for the first 2 or 4 years wasn't even a conversation, but clearly we are not ready for that) than if/when we were able to address some of these fundamental issues, we would do something like this already.
Acknowledge that due to policy failures there are students that went through school before fixing these problems and do something about the debt they are dealing with. At least getting it in line with what a current student would expect to be going through taking years of payment into account.
My thing is though, why wait? Why not do something about it now. Especially given the realities of the current political climate that, frankly I am not convinced we could get anything else actually done.
I fully acknowledge that risk exists and the high likelihood that there have been conversations in school boards or whoever actually makes those pricing decisions about what exactly this means. It's ridiculous that I look at some schools that have a yearly tuition inching closer and closer to $100,000.
The way I see it there is no best solution. Either we do nothing, we keep things as they are, maybe we slow down tuition price increases a bit, and millions of people are still stuck with underwater loans years after graduating. Hoping that we will get the right people with the right political power to actually do something about the school system now.
Or, we do something, we take that risk, we watch what happens. But also giving relief to a lot of people, who will also then have more money to be able to spend in the economy.