Bringing Market Forces to the Loan Program

The U.S. Education Department and the General Accounting Office have released a draft report that identifies five possible models for injecting market forces into the guaranteed-student-loan program.

The report does not endorse any of the models, and members of the panel whose study led to the report have expressed little enthusiasm for them. "I haven't seen any evidence that these options would provide significant-enough savings for students or taxpayers to

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