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How high will college tuitions go now?

It's official! Students can now filch out on their loans. They sky's the limit on tuition! Yipeeee!

Welcome to the United States of Zimbabwe. 🤓
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boudinMan · 61-69, M
libbies believe stuff is actually free and doesn't impact others... it's like magic.
easterniowegin · 51-55, M
@boudinMan right. This will impact more than just tuition costs. It will increase overall inflation even more.
irishmolly72 · 56-60, F
@easterniowegin It will if it's monetized. If taxes are raised to pay for government spending it will crowd out private sector spending and kill good jobs.
easterniowegin · 51-55, M
@irishmolly72 even if the balances just disappear...they end up giving each idiot borrower hundreds of dollars in "free money" each month, for the next 20+ years.
They may or may not use that money wisely, i mean they just made a poor choice with school, i don't have confidence they will use the windfall smartly. Lol
But it is immediately converted into spendable cash.