Are lower interest rates the best route to an effective fairer, far better education loan program?
From the rhetoric heard during the Congress and on the fresh new promotion path, the clear answer seems to be “yes.” However, both empirical research and you may monetary concept demonstrate that lowering desire cost was a blunt, ineffective, and you will costly device to own broadening education and cutting financing non-payments. You will find much better ways to achieve these types of extremely important desires.
