Student debt is over $1.6T and hardly anyone is paying down their loans

The biggest moral hazard is on the front end - most loans are government guaranteed, so banks are making a risk free profit from which borrowers are legally prevented from defaulting on (i.e. you can’t escape the loans through bankruptcy).

Until this is fixed, everything else almost doesn’t matter.

Change is not going to come easy considering us government is profiting off student loans while running a massive deficit.

Universities already use student loans as a means of converting taxpayer money into institutional and personal wealth. Convince employers that people without a degree are worthless, then charge tens/hundreds of thousands of dollars for a degree, then get the government to give out credit to people who would never ever get that kind of credit otherwise, so they can pay for the degree they don't really need (and end up working at starbucks anyway). Note the part of the article explaining how nobody is paying their student loans.

Free education only works when the entire education system isn't rent seeking. Otherwise, you're just setting up a taxpayer funded money fountain for unscrupulous administrators.

At least with healthcare, people generally don't use it unless they actually need it.