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You don't even need it to be free if you fix the loans. In my country student loans are interest free but indexed with CPI and compulsory repayments are only ta
by kirrent 9y ago
You don't even need it to be free if you fix the loans. In my country student loans are interest free but indexed with CPI and compulsory repayments are only taken from your tax once your income is above about 42k USD. Even then, the compulsory repayment amount is based on how much you're above the threshold. No-one really even notices that they're repaying their loans.
- cowmoo728 9y agoBut if they're interest free then you can't bundle them and sell them to investors (Student Loan Asset Backed Securities). The whole point of rising tuition and private student loans seems to be to transfer wealth to endowments and investors.