One of the first things I learned from reading Donleavy's "The Ginger Man" was that WW2 veterans were entitled (among other benefits) to a free college education and living expenses.
What a far-sighted investment that was! Wikipedia comments:
Historians and economists judge the G.I. Bill a major political and economic success—especially in contrast to the treatments of World War I veterans—and a major contribution to America's stock of human capital that sped long-term economic growth.
Even now, there are European countries where university education is free.
But it seems that in the USA and UK it's just another way for the financial system to load people up with debt - at an age when they should be starting to buy a house and form a family.
What went wrong?
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