Redesigning education finance: How student loans outgrew the "debt" paradigm

This article argues that the student loan crisis is due not to the scale of student loan debt, but to the federal education finance system's failure to utilize its existing mechanisms for progressive, income-based payments and debt cancellation. These mechanisms can make investment in higher ed...

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Published in:The Georgetown law journal 2020-10, Vol.109 (1), p.5-80
Main Authors: Brooks, John R, Levitin, Adam J
Format: Article
Language:English
Subjects:
Analysis
Debt
Debt cancellation
DEBTS AND DEBTORS
Education
Education finance
Education grants
Educational aspects
Educational change
Educational finance
FEDERAL GOVERNMENT
Finance
GOVERNMENT POLICY
HIGHER EDUCATION
Laws, regulations and rules
LOANS
Methods
Political planning
Remedies
Student loans
Surtax
TAXATION
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container_title The Georgetown law journal
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creator Brooks, John R
Levitin, Adam J
description This article argues that the student loan crisis is due not to the scale of student loan debt, but to the federal education finance system's failure to utilize its existing mechanisms for progressive, income-based payments and debt cancellation. These mechanisms can make investment in higher education affordable to both individuals and the government, but they have not been fully utilized because of the mismatch between the current system's economic reality and its legal, financial, and institutional apparatus.
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ispartof The Georgetown law journal, 2020-10, Vol.109 (1), p.5-80
issn 0016-8092
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source Nexis UK
subjects Analysis
Debt
Debt cancellation
DEBTS AND DEBTORS
Education
Education finance
Education grants
Educational aspects
Educational change
Educational finance
FEDERAL GOVERNMENT
Finance
GOVERNMENT POLICY
HIGHER EDUCATION
Laws, regulations and rules
LOANS
Methods
Political planning
Remedies
Student loans
Surtax
TAXATION
title Redesigning education finance: How student loans outgrew the "debt" paradigm
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