Do the maths - Consider free public educationHuffington Post.
Student loan debt hit US$1 trillion last year, helping it retain its place as the fastest growing consumer debt. And what's more, about 11.5% of student loan balances are more than 90 days delinquent or in default, according to a recent report by the Federal Reserve Bank of New York.
Research on the true costs of making all public higher education free in the US, such as that detailed in a working paper from the Campaign for the Future of Higher Education, points to the fact that while demand might rise if public higher education were free, the cost of providing it actually is smaller than many would think.
Full report on the Huffington Post site