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Opposing Views Column
Congress is on its way to setting borrower interest rates on federal student loans at near-record lows.
The Clinton administration likes this result but not the math. Under its funny calculator, cuts in lender yields somehow translate into a new “subsidy.”
A House Education Committee bill proposes deep cuts to lender yields. The same bill deepens even further the federal commitment to below-market rates for borrowers – and therein lies the new taxpayer cost. Read More →