A Novel Approach to the Student Loan Crisis: Pay-As-You-Go

Amid the ongoing student loan crisis, a radical idea has emerged: the borrower should be responsible for repaying their own loan.

Dubbed the “Pay-As-You-Go” model, this approach aims to create a direct link between borrowing and repayment.

Instead of accumulating debt with unclear repayment terms, students would be more invested in their education choices, knowing they’ll foot the bill later.

Proponents argue it could lead to more informed decisions, reduce over-borrowing, and ultimately lessen the burden on taxpayers. While controversial, this concept challenges the status quo and sparks debate on redefining responsibility in higher education financing.