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>In fact, given the government can borrow money at 2% while student loan rates are like 4-8%, it might not even be a bad idea to have the government issue treas
by Turing_Machine 9y ago
>In fact, given the government can borrow money at 2% while student loan rates are like 4-8%, it might not even be a bad idea to have the government issue treasuries and buy more student loans.
If 40% of the loans are in default and/or the borrowers aren't making payments for some other reason (which is the actual case) it would be a very bad idea.
- lewis500 9y agoIt is possible to choose the loans. The default rate for for profit colleges is high, but you don’t need to buy those loans. https://www.brookings.edu/research/the-looming-student-loan-default-crisis-is-worse-than-we-thought/ https://www.brookings.edu/research/the-looming-student-loan-...