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Or we could do loans with repayment based on post-education income. There are various ways of doing that, of course, with their own sets of problems. Note tha
by bzbarsky 9y ago
Or we could do loans with repayment based on post-education income. There are various ways of doing that, of course, with their own sets of problems.
Note that the UK does exactly this, last I checked.
- dragonwriter 9y ago> Or we could do loans with repayment based on post-education income The US already does this for federal loans, though it's not the default option, and the servicer (Navient) has been accused of actively steering borrowers away from the option, because it hurts the value of the loan-backed securities that Navient sells.
- bzbarsky 9y agoAh, I did not know this had started happening. Thank you for the pointer!