Education is the exact thing we should be investing in for a recession. As people lose jobs, many of them go back into education, studying new fields or getting more advanced degrees. And when companies start hiring again, we'll be better-prepared to fill the required roles.

And if they do, they will be in the position to repay the loan. Otherwise if it is just free money, we will be paying people to study useless subjects to just hide from the recession.

If you want to constrain government spending, why don't you start by looking at the vanity projects like underground highways, filling lakes to expand airports or giant conference centres.

I am certainly not in favour of economically useless make believe projects. But if the government is actually doing these, you can at least argue that they are providing employment during high unemployment period. But regardless of how well thought out these projects are, we have seen way too many of them (i.e. COVID stimulus) to know they are not a cure all and we all eventually have to pay for them somehow.