November 22, 2010
Deficit-Cutting Proposal Revives Debate Over In-School Interest Subsidy on Student Loans
In the long list of potential cuts put forth this month by the leaders of the president's deficit-reduction commission is a proposal that college lobbyists have defeated several times before: ending the interest subsidy paid on certain federal student loans while the borrowers are in college.
The in-school interest subsidy has been called bad public policy, an inefficient use of taxpayer dollars, and a handout for students who will command healthy salaries after graduation. But each
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