Some Experts Have a New Idea to Help Students Afford College: More Federal Loans
Mikhail Zinshteyn, The Hechinger Report/PBS NewsHour
While much attention is being paid to high student debt, a growing chorus is making the surprising argument that students need to be allowed to borrow more. With grants limited and college costs rising, loans can be a lifeline for students who have no other way to afford a degree.
Some students would gladly take on more federal loan debt, but they can’t. The cap on how much students can borrow in federal loans hasn’t budged in more than a decade even as the sticker price of tuition, room and board at public universities has shot up 30 percent in that time. Raising the limits could avoid indebting parents and forcing students to work while in school.