Was all the way down interest levels the best route to a great fairer, more beneficial education loan program?

Was all the way down interest levels the best route to a great fairer, more beneficial education loan program?

Regarding the rhetoric heard from inside the Congress and on this new strategy trail, the solution appears to be “sure.” However, each other empirical proof and you may financial idea reveal that reducing attract rates is an outspoken, inadequate, and you will expensive product getting expanding education and you can reducing mortgage defaults.