Student Loan Interest Rate Policy
One student aid policy debate that pops up periodically around the world – most recently in the United Kingdom – is the question of interest rates. On the one hand, you have people who use a slightly medieval line of thought to claim that any interest on loans is a form of “profit” and hence verboten where students are concerned. On the other side, you have people who note that loan interest subsidies by definition only help people who have already “made it” to