The reason why student debt is basically unheard of in Denmark since college is free (although to make that happen, the Danish government poses high taxation towards citizens like they do in order to maintain stable social security nets like subsidised healthcare and public housing, also why they have less homelessness).
Mainly Danish, Swiss and European citizens are eligible to study without stressing over student debt upon graduation. It stems from this: Danish government is more on for the people while American government is more on caring about themselves plus nepotism on the side (MORE & HIGHER TAXES TOO ON TOP OF THAT).
plenty of kids in america get cheap uni fees. You just don’t hear about them because that’s not dramatic.
The college I went to now charges a 100K sticker price, but when I went it was 30K, but I only paid about 5-6K a year. Had I gone today it would have been entire free. For my graduate degree I went to Canada because they offered me 20K a year to attend.
Many of my friends got free educations in the USA, often because they went to less prestigious schools and those schools were willing to pay them to go there. My nephew just got into college, and several of his friends did this, so they are going to school for free, rather than go 200K into debt to go to a fancier school.
The people who get shafted the most are kids from higher income families, who are not academically gifted or who can’t get a sports scholarship. if your family is making 150K+ a year and you’re a B student, yeah you’re going to pay full freight. But truth is your parents can probably afford it, even if it means they have to skip vacations for a few years.