Works only with USA, not other country: it doesn't show up.

I simplified the slider in the lastest update.

Ok, thanks for clarifying.

@Khaled; The full term is, "Allow Loan Bankruptcy".

When put all the way to the right it is called "Allow Loan Bank...", I was wondering what the full term was.

lil_yonce when I play as america I have the opition to this policy but when I play other nations it does not pop up in the policy section

The newest update accounts for the implementation of university grants. If you enact university grants at a level of spending above partial fees paid, the cost of the student loan relief policy goes down. With high Education and high Unversity Grants spending, the cost of Studen Loan Relief goes down by about 70%. It is not 100% because middle income voters already through school can still benefit from a relief program.

This seems to be something that would make socalist happy.

There isn't an option to do that right now, but previously I had considered a university reform policy mod that interacts with this one to reduce the cost of education substantially or make it completely free. The idea I was fiddling around with was this: when university reform was enacted the slider bar on student loans would move to the left and the cost and income from student loans would drop off dramatically and hit zero. Is that something people are interested in? I could go back to working on that if so. I can't promise that it will work out but I will try it again.

Is there an option to pay 100% of school costs? In Germany higher education is free.

When set to low it decreases middle earnings because the gov. is making money off the loans. Also, student loans in America are quite burdensome for a long time for a lot of people. Often people do not pay off their debt until they are well into their working years. On average student loan debt per student is about $29,000. I could fiddle with that value a little more though so its not overly punishing when its effect fully kicks in. That's something I need to do. Thank you for bringing that to my attention.

why does it decress middle income?

Added a readme txt file to the student loans folder. It will instruct you on how to set default spending to low for the policy for new game start up. Also, the policy is now restricted to the base game USA mission and the USA revamp mod. It is uncancellable. At low spending it can produce sizable income. (The policy's income is manipulated by a multiplyincome flag and will increase a little each turn before hits a cap. This is to copy real world profits from student loan debt.) At high spending, you receive a big boost to middle income and youth voters and their incomes.