The soaring cost of higher education has left many students grappling with crippling levels of debt. One proposed solution gaining traction is the implementation of caps on student loans. This exploration delves into the multifaceted implications of such caps, examining their potential benefits and drawbacks from economic, social, and individual perspectives. We will navigate the complexities of various cap models, considering their historical context and analyzing their potential impact on borrowing behavior, government budgets, and societal equity. From analyzing the effects on students’ choices of majors and universities to examining the macroeconomic consequences and the potential exacerbation or alleviation of Read More …