Student Loans Make Money for Taxpayers
The profit margins of 5.5 to 30 percent will fund other student loan programs
Reader Comments
Other ideas for policy dreamers?
A couple of thoughts:
There really is something questionable about Uncle Sam lending money to students and parents at profitable rates. Perhaps we need a national clearing house to match senior citizens (who have money to "loan" and need retirement income yield) with groups of students needing loans.
A caveat too. We now know that availability of too much credit for home buying is what pushed the prices of houses into a bubble, some borrowers into default., and MANY now in negative equity.. Too many student loans may be allowing colleges, too, to increase fees beyond what their services are really "worth". One wonders why, in the internet age, students cannot assemble self-study materials, learn, take TOUGH tests, and earn first-class "credit" and first-class degrees (especially bachelors) with nearly no fees or debt at all. Various monopolies of organizations and thinking are the only real reasons why not, you know.
