If you don't believe a 17 year old has the capacity, then perhaps the federal government shouldn't be giving him a subsidized student loan of that size. Private

If you don't believe a 17 year old has the capacity, then perhaps the federal government shouldn't be giving him a subsidized student loan of that size. Private institutions would decide and charge the appropriate rate based on risk. Private organizations often do this and loans from Sofi or others are often below the federal rate, which creates a perverse selection bias where federal loans are the most likely to have issues.