Being priced out of a credential you mean. If you could not afford to pay your student loans back but were stuck in indentured servitude as a result of signing the paperwork, you were priced out anyway, you just didn't know it and you had no way out. Now you do. Also you can learn basically anything online for free now. You don't pay for an education, you pay for a degree.
This will absolutely prevent the ridiculous cost of college from going up and it might go down. I expected several universities to downsize significantly as a result of this, and lots of reform in tenure, and less jobs will be able to demand credentials that their applicants don't actually need and degrees will be more fairly compensated. All in all this will be an amazing normalizing force for the job market, higher education and people in general.
Being priced out of a credential you mean. If you could not afford to pay your student loans back but were stuck in indentured servitude as a result of signing the paperwork, you were priced out anyway, you just didn't know it and you had no way out. Now you do. Also you can learn basically anything online for free now. You don't pay for an education, you pay for a degree.
This will absolutely prevent the ridiculous cost of college from going up and it might go down. I expected several universities to downsize significantly as a result of this, and lots of reform in tenure, and less jobs will be able to demand credentials that their applicants don't actually need and degrees will be more fairly compensated. All in all this will be an amazing normalizing force for the job market, higher education and people in general.