Student loan interest rates were fixed at a relatively high level for a while: http://www.finaid.org/loans/historicalrates.phtml http://www.finaid.org/loans/his

Student loan interest rates were fixed at a relatively high level for a while: http://www.finaid.org/loans/historicalrates.phtml http://www.finaid.org/loans/historicalrates.phtml One of the people cited in the article had their rate go from 6.55% to 2.69%. For a social program designed to send kids to college the rates should never have been fixed so high for so many years. The author faults CBO accounting for comparing student loans with low-risk treasury bonds, but these loans pay out much higher interest rates than treasuries. And there are special restrictions relating to how the debt cannot be discharged.