December 24, 2013

DEMOCRATS SEEK “SKIN IN THE GAME” ON STUDENT LOANS. “One of the more controversial new proposals, to be introduced by Reed, would require colleges with high student loan default rates to pay a penalty to the government that is proportional to the defaulted debt. Reed said the legislation is aimed at holding colleges more accountable for student loan defaults by having them share the risk of those defaults.” This is very similar to some of my own proposals.