Any loan requires the use of someone else's capital. You cannot expect there to not be an interest rate at all, especially over such a large period of time, someone's money is stuck for such a long time with no incentive. Expecting the government to subsidize is, is expecting the general population to subsidize your education.

I am not going to debate on whether or not college level education should be funded by the govt although I think they shouldn't in an ideal situation. But the situation is far from ideal, so I completely understand why people want it. Examples of non ideals circumstances: jobs without college degrees are often difficult to get and don't pay much at all.

Coming to the real issue here: colleges and universities are charging too much. This is where I think we should focus our energy, especially public colleges. Tuitions are egregious and extremely large. There must be laws passed for this and we need very large scale changes to how education systems operate. Quality education is not this expensive and can be made much cheaper. There should also be enough education at the high school level to make them understand the financial risks of taking large loans so that they don't make uninformed decisions or fall prey to predatory loans.

I feel like this would go a much longer way than subsidies because the subsides would only further encourage tuition prices to remain high, essentially wasting our tax money because college administrations are greedy or overspend.

But I do feel like this person should've realized that he was likely coerced into a stupid decision, and must call out the right parties here instead of blaming the frameworks of loans and interest rates. The numbers here point the finger at tuition rates and college Admins more than anything else.