People don't grasp how good America has it for jobs. I have a friend in Australia who emigrated recently and struggling to even get an interview. This is a guy with intellect through the roof, ex-Microsoft, ex-Amazon software engineer and has trouble finding someone who can hire him.

In my personal contact graph - every engineer I know who has graduated (even with C grades) has obtained a job and is happy with what they're doing. If they have loans, I am sure they're paying them off.

It’s counter intuitive, many don’t understand that jobs ‘protection’ results in fewer jobs.

Making payments is not the same thing as being able to pay back loans in a reasonable amount of time.

Not to mention the opportunity cost of people not being able to start families, buy homes, etc. Go ahead and collect the future economic value of people’s education, but I won’t be surprised when “middle class” America is then too tapped out to support the consumerist economy.

Only people I see having kids are those with strong, secure incomes, or those with no prospects at all. The cohort in the middle earning $40k to $120k doesn’t feel secure enough, or at least not until their 30s.