Friday, November 21, 2014

82% of Americans want Congress to make student loans cheaper, but it's a bad idea

Libby Nelson in Vox says 82% of Americans want Congress to make student loans cheaper, but it's a bad idea. She says using public money to make loans more affordable will just mean more money to schools which are already charging too much. She'd rather the public money be spend better, such as on Pell grants which go to needier students or on incentives to states to spend their money on public colleges. These kind of trade offs sound good to me, but they're also the area of economics I never do well in.

No comments: