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S.T.A.G.E. said:
Normchacho said:

We already pay more per-capita for healthcare and education that pretty every other developed nation in the world. Going to a European system would likely save us money.

 This. Student loan debt has surpassed credit card debt already. 

Yeah though it's mostly the interest rates that scared the crap out of me. Between 5%-7%? That's absolutely criminal. Here(the Netherlands) the interest rates you pay on student loans are lower then the rates you get on a savings account, and get adjusted on a regular basis. I used to pay about 1,2% but now that the rate on state bonds that the government have to pay are still at an all time low, and with the ECB printing money, i currently pay 0,05%. And no that's not a typo.