The Unsupportable Cost of Variable Pricing of Student Loans
Abstract
Terms of student loans offer a tempting tool for encouraging students to choose particular paths through college. This Article offers a critique of a proposal to tie loan terms to student choices of major, arguing that punishing students who choose to study in fields associated with low wages will not achieve the goals of federal student aid. The Article argues that students who borrow should not be subject to additional restrictions on their life choices because of their lesser wealth or lower income.
This paper has been withdrawn.