There an interesting argument to be made around non-guaranteed loans with rates dependent on course of study. Want a degree in medicine? Enjoy your 3% loan sinc

There an interesting argument to be made around non-guaranteed loans with rates dependent on course of study. Want a degree in medicine? Enjoy your 3% loan since you'll probably be able to pay it back. Social Sciences? Get ready for 20% interest to compensate for a high default rate. Interest rates are an important signalling mechanism and could help stear students into educational fields with greater economic demand.