That's not the issue. The real issue is whether the rapidly increasing cost of many college degrees is a worthwhile investment, and consequently whether or not the taxpayers will ultimately end up covering a lot of failed student debt.
In many courses of study it isn't clear that the investment is a good one. That indicates several things. First, the price of whole categories of college degrees has become over inflated. Second, the overall economy sadly does not have a need for many of the skills taught in college. And third that there is significant demand and earnings associated with less glamorous professions.
In one sentence, it may not be worth spending $250,000 so that you can bill $50 per hour as software contractor when you could bill $60 per hour fixing cars with a $100,000 investment.
The Democrats are LOVING this. This is the first step in making College Education FREE. Why are we falling for this?