Should Wall Street pay off student debt

[Dill]

(06-26-2019, 11:24 AM)Mike M (the other one) Wrote: [*]Presidential candidate Sen. Bernie Sanders proposed on Monday a plan to eliminate the $1.6 trillion in student-loan debt held in the US and make all public higher education tuition-free, carving out new territory in a competitive Democratic presidential primary.

[*]

All for a tax on financial transactions.

Just curious about how free public higher ed would affect the US ed system. 

Would it make private schools even more prestigious?

A realistic initial goal would be to reduce tuition by 1/4 at public institutions over three years.

Then reduce it to half over ten years. Stop there to assess.