It won’t make all the current loan balances go away, but it will decrease the cost of college by about, oh, let’s say 80%. Any Gender Studies majors who want to debate that number, come at me, Sistah.
College costs a fortune because they know they can get the money from people who now think it’s just normal to borrow $50-100-200,000 for college. No more loans and costs drop like a rock, tomorrow. Also, goodbye diversity commissars, gender-studies and feminist dance theory degrees, and college dorms that rival the Four Seasons. It’s win-win-win for regular folks everywhere.