A Risk-Sharing Proposal for Student Loans

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dc.contributor.authorChou, Tiffanyen
dc.contributor.authorLooney, Adamen
dc.contributor.authorWatson, Taraen
dc.date.accessed2019-06-06en
dc.date.accessioned2019-07-02T17:07:13Zen
dc.date.available2019-07-02T17:07:13Zen
dc.date.issued2017-04-01en
dc.description.abstractMany borrowers have difficulty repaying their federal student loans, particularly at certain institutions. This article proposes an institutional accountability system that is intended to help align incentives of institutions with their student loan borrowers and taxpayers. Under the risk-sharing proposal, institutions with poor loan performance reimburse the federal loan program for a fraction of unrepaid loan dollars. In particular, the article uses a robust and hard-to-manipulate repayment rate—the amount each institution’s students have repaid after five years—to set minimum thresholds below which institutions would have to contribute. Recovered funds could be used to provide support to institutions that serve low-income students well.en
dc.description.notesPolicy Proposalen
dc.description.sponsorshipThe Hamilton Projecten
dc.format.mimetypeapplication/pdfen
dc.identifier.sourceurlhttp://www.hamiltonproject.org/assets/files/risk_sharing_proposal_student_loans_pp.pdfen
dc.identifier.urihttp://hdl.handle.net/10919/90862en
dc.language.isoenen
dc.publisherThe Hamilton Projecten
dc.relation.ispartofseries2017-04en
dc.rightsCreative Commons Attribution-NonCommercial-NoDerivatives 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/en
dc.subjecteducation, higher--government policyen
dc.subjectstudent loansen
dc.subjectstudent financial aiden
dc.subjectlow-income studentsen
dc.titleA Risk-Sharing Proposal for Student Loansen
dc.typeArticleen
dc.type.dcmitypeTexten

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Higher Education Policy for Minorities in the United States