A 2017 College Board study estimated that the cost of college has increased 100% since 2001. The St. Louis Federal Reserve Bank estimates that U.S. college tuition debt has increased from $480 billion in 2006 to $1.5 trillion in 2018. Several 2020 Democratic Presidential Primary candidates have argued that the cost of college is out of control and that the government should pay for tuition. Opponents argue that the government cant afford it and point to estimates from the Committee for a Responsible Federal budget that estimate programs would cost the government $80 billion a year.
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No, this will cause the cost of getting an education to rise and will create more problems then it would solve. The free market is the best solution to education. What the government needs to do is deregulate colleges and make it easier for them to become accredited so we have more competition in the marketplace which will result in a lower cost of getting educated.
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If anything, handing out money or forgiving student loans can be helpful to individuals, it does not solve the problem of the cost of college or student loans. So... maybe do something to fix that than throw money at people and decrease the price of these things altogether. Fix the problem at the source.
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