Opinion Columns & Blogs

May 19, 2013

Michael Austin: Is higher education a public or private good?

Sen. Elizabeth Warren, D-Mass., proposed that the federal government charge the same interest rates for student loans as the Federal Reserve Board charges large banks for overnight loans – a rate currently set at 0.75 percent. In making this intriguing proposal, Warren made it very clear that her ultimate purpose is to prevent student-loan interest rates from doubling on July 1 from 3.4 to 6.8 percent.

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