Gates-Financed Proposals to Redesign Student Aid: a Prognosis

When it comes to remaking the federal financial-aid system, grantees in the Bill & Melinda Gates Reimagining Aid Design and Delivery program tend to agree on a few key fixes. They want to change the way student-loan interest rates are set; make income-based repayment more common, if not universal; end, or at least consolidate, higher-education tax credits; and provide students with more data about specific programs' outcomes. Many of their ideas would save taxpayers and students