Student Loan Debt: A Toxic Federal Asset
Student-loan debt — a toxic federal asset. "Washington recently acknowledged that there are a lot of Alices; in mid-September, the GAO issued a report documenting the rapid increase in the student debt among those over 65. But many of the proposed reforms, on tinkering with interest rates and the like, would increase—not reduce—total student-loan debt. A larger issue, so far ignored, is that unless college costs are brought under control, things will only get worse, and the federal government will continue to accumulate Alice-like 'assets' in the federal direct-loan portfolio." Joel Best and Eric Best in The Wall Street Journal.
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