Replace the Federal Student Loan System with an Income Share Agreement Program. Sketching a New Conservative Education Agenda

Autor/in	Akers, Beth
Institution	American Enterprise Institute (AEI)
Titel	Replace the Federal Student Loan System with an Income Share Agreement Program. Sketching a New Conservative Education Agenda
Quelle	(2020), (3 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Federal Programs; Student Loan Programs; Educational Change; Loan Repayment; Debt (Financial); Income Contingent Loans + Suchen Sie Ihr Suchwort? Bildungsreform
Abstract	The higher education narrative has been dominated by the student loan crisis as of late. While the magnitude of this problem is often oversold, borrowers do sometimes need help. However, debt forgiveness plans, such as those proposed by Sens. Bernie Sanders (I-VT) and Elizabeth Warren (D-MA), deliver the biggest benefits to those who need it least. The author suggests that a better solution would be a government-sponsored income share agreement, in which the amount due each month depends only on how much the borrower is earning, and a simplified IRS-managed income withholding repayment system. Together, these would help borrowers who find themselves struggling to make ends meet after college not be on the hook for payments they cannot afford. (ERIC).
Anmerkungen	American Enterprise Institute. 1150 Seventeenth Street NW, Washington, DC 20036. Tel: 202-862-5800; Fax: 202-862-7177; Web site: http://www.aei.org
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2024/1/01