**TL;DR: Student debt is unreasonably large, will never be paid back and should be written off.** The average UK student will now leave University with over £50,00 worth of debt. The current interest rate for these loans is over 6% and it is not paid back until graduates earn over £27,295. With the current graduate salary in the UK at £24,000 the outstanding money owed could be significantly larger once graduates have started earning a high enough monthly salary. The current interest rate adds unfair amounts to the total owed. At the very least the debt accrued through this poorly thought out interest rate policy should be cancelled. Starting off a professional career with thousands of pounds of debt also hinders social mobility, individuals career options and mental wellbeing. As we have seen in the Covid-19 pandemic many people have lost jobs. If no one had debt then unemployed people may be more willing to take on more education or re-train into a field that is seeing growth. To ask a child (someone below the age of 18) to choose a career path that they will stick to for the rest of their life is unrealistic and unfair. It is easy to make mistakes at such an age and the desire to change professional fields can strike at any time. The burden of debt that students current accrue may prevent them from realizing their new wishes and living lives they do not find fulfilling.

Entering college upon high school graduation can make higher education a costly adjustment period. For individuals who enter their college career later in life, it is typically an endeavor to gain the necessary skills for a desired career, and to begin that journey with an exorbitant amount of debt can be daunting. When considering the success of the countries that provide their citizens with higher education free of charge, it is hard to understand why the American people are left to falter. In the past, having high school as the cutoff of provided education made sense, as it matched the educational requirements for most careers during that time. However, over the past two decades that standard has been raised to having a college degree equates to attaining a good job, so why would the level of education provided to the general populace not be raised as well?

I agree that colleges are overpriced. I believe there should be regulation to check them. I do not believe you should get a free ride. You agreed to pay for a service. The bank issued you a loan for the service. You must pay back what you voluntarily agreed too. It is not the peoples responsibility to bail you out because you choose to pay for a service.

**TLDR some degrees aren't useful to society so taxpayers shouldn't have to fund it** I know people who've studied degrees such as sport and english literature who end up just doing unskilled work which they didn't require the degree for after they graduate, in those cases it's a waste of public money for the person to do a degree which they don't even use for a career so they should have to pay it back themselves. In some cases like nurses where they need their degree for their job but their wage isn't overly high then I think they deserve to have the debt cancelled and for people who've completed degrees to become doctors and other highly paid jobs, I think they should have to pay their own debt back because they can afford it.

Cancelling student debt can provide significant economic and social benefits by relieving financial burdens that limit individuals’ opportunities. For: Economic Relief: Student debt often restricts individuals' ability to invest in homes, start businesses, or save for retirement. Cancelling debt can stimulate economic activity by freeing up income for these purposes. Social Equity: Student debt disproportionately affects marginalized groups, exacerbating existing inequalities. Debt cancellation can help reduce economic disparities and promote greater access to higher education. Mental Health: The stress and anxiety caused by large student debts negatively impact borrowers’ mental health. Relief can improve quality of life and overall well-being. Education Access: High student debt can deter prospective students from pursuing higher education. Cancelling debt may encourage more people to seek educational opportunities without fear of financial hardship. Against: Moral Hazard: Critics argue that cancelling debt might encourage future students to take on loans irresponsibly, expecting future forgiveness. Cost to Taxpayers: Large-scale debt cancellation could have significant costs, potentially increasing the national debt or requiring higher taxes. Fairness Concerns: Those who have already paid off their loans or chose not to attend college might view cancellation as unfair.