Discuss this: College in the US costs a lot more than it does in other parts of the world because the cost is just not for the education. Our tuition helps pay for the up-to-date facilities and the staff. The US also does not regulate the price of tuition each college can charge however much they see fit. Increased demands bump up rates as well as the newer campus which tuition also helps pay for. One factor that has contributed significantly to student loan debt is the rise in college costs across the country. College is expensive and with the job marketplace being so competitive many struggle to pay off their debt for many years after college. The main risk in loan forgiveness is it can cause major inflation. Although loan forgiveness is nice canceling out debt is a major contributor to inflation because it is causing a lot of unpaid debt. Addressing the economic issue of college costs is tricky. On one hand, everyone that wants to go to college should be allowed to do so. On the other hand, my mom also used to tell me nothing on this earth is free. Making college free would cancel out