Problems with the New Student Loan Pilot Program
Publication Date: September 1987
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Robert J. Staaf
Research Area: Education
Keywords: Government reform
Type: Report
Abstract:
As long as Guaranteed Student Loans and other highly subsidized loan programs are available, the ICL pilot program will provide little or no useful information regarding the impact on default rates or the deficit of changing the entire federal loan program to a version of ICL. In fact, the five-year pilot program will reveal very little, except perhaps that the students who enroll in it know little about financial principles.
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