This would save young Americans from going into crippling debt, but it would also make a university degree completely unaffordable for most. However, in the age of the Internet, that doesn’t mean they couldn’t get an education.
Consider the long term impact of this. There are a lot of different ways such a situation could go, for better and for worse.
In my country loans are interest free. This makes them easy to pay off with destroying your life. You can also pause payments with no issue.
(͡•_ ͡• )
Sounds like he means work
Loans can’t be free in a capitalist society. No one would offer them.
I presume that anywhere where interest-free loans are offered, they are offered by that country’s government. Canada, for example, as of April 1st 2023, offers federal student loans interest-free. Depending on the province, some may not have interest on provincial loans, as well.
That’s the only way it makes any sense.
You see, even under capitalism, the government is allowed to do stuff, even provide services under actual cost.
This is called a public service, and yes, I know, it’s the government doing stuff, and that sounds like that scary socialism, but you see:
It’s not. It’s what the government is supposed to be doing.