To whomever is downvoting my comment: >Rather, pricing and loan limits are politically determined by Congress https://en.wikipedia.org/wiki/Student_loans_in_t

To whomever is downvoting my comment: >Rather, pricing and loan limits are politically determined by Congress https://en.wikipedia.org/wiki/Student_loans_in_the_United_States#Federal_loans_to_students https://en.wikipedia.org/wiki/Student_loans_in_the_United_St... >Who sets interest rates for federal student loans? >Interest rates on federal student loans are set by Congress. https://studentaid.ed.gov/sa/types/loans/interest-rates https://studentaid.ed.gov/sa/types/loans/interest-rates Also, there have been several bills proposed to congress to lower the loan rates, and to allow refinancing of existing loan rates. Anyone saying federal loan rates are determined by some actuary calculating risk is plainly wrong.