| 来源类型 | Working Paper |
| 规范类型 | 论文 |
| The Fiscal and Social Costs of Consolidating Student Loans at Fixed Interest Rates | |
| Kevin A. Hassett; Robert J. Shapiro | |
| 发表日期 | 2004-04-13 |
| 出处 | AEI Economic Policy Working Paper Series |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | Click here to view this paper as an Adobe Acrobat PDF. Summary The federal government’s student loan programs have been very successful, with two-thirds of all students or their families relying on loans provided or subsidized by the federal government. One of these student loan programs allows student borrowers to consolidate their previous loans into a single loan at a subsidized fixed rate based on the T-bill rate for a period of up to thirty years. The authors find that this program produces inequities among students based on the interest rate environment when they graduate as well as large long-term costs for taxpayers, which are incurred whenever interest rates rise, forcing the government to subsidize the low fixed rates paid by those fortunate enough to consolidate during a period of low interest rates. Based on simulations of the likely path of future interest rates, the authors find that rising interest rates will cost taxpayers at least $12 billion to subsidize the current $100 billion stock of debt outstanding under the largest loan program, the Federal Family Education Loan program. Kevin A. Hassett is the director of economic policy studies and a resident scholar at AEI. Robert J. Shapiro is the chairman of Sonecon, LLC, a private economic advisory firm, and a nonresident senior fellow of the Brookings Institution and the Progressive Policy Institute. |
| 主题 | Education |
| 标签 | Student loans |
| URL | https://www.aei.org/research-products/working-paper/the-fiscal-and-social-costs-of-consolidating-student-loans-at-fixed-interest-rates/ |
| 来源智库 | American Enterprise Institute (United States) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/206803 |
| 推荐引用方式 GB/T 7714 | Kevin A. Hassett,Robert J. Shapiro. The Fiscal and Social Costs of Consolidating Student Loans at Fixed Interest Rates. 2004. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| 20040825_wp104.pdf（1886KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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