It pushes higher money creation at the point of inception. Debt can be created instantly and enters the system and becomes "dollars" as another account is credi

It pushes higher money creation at the point of inception. Debt can be created instantly and enters the system and becomes "dollars" as another account is credited to balance. Then over the lifetime of the ex-student they pay back this "money" plus interest which destroys the principal and consumes existing "money". It should be noted that the creation of the debt benefits "growth" in the present electoral cycle whilst the repayment occurs mostly in other electoral cycles.