One interesting thing that might not be obvious on the surface is that this is a massively deflationary trend (in the sense that debt is money and educational l

One interesting thing that might not be obvious on the surface is that this is a massively deflationary trend (in the sense that debt is money and educational loans increase the money supply) a time when we are already fighting deflation and have run out of traditional monetary tools to fight deflation (with interest rates already approaching 0) I actually think less people enrolling in college as it currently exists is a good thing but in the sense above it has the potential to have very damaging side effects (I'm not arguing we should continue the lending just because getting rid of it will cause some pain though)