This isn't new, and it still causes the graduate's debt to increase very quickly so the risk is very real. If the gov paid the interest that would cause both moral hazard and reduce real risk on the graduate.
Agreed, this is just a re-branding for the appearance of helping innovation. Now, if they were taking on student's private debt and letting them do IBR, that would be a program; however, the logistics and risk would be absurd.
Comments
This isn't new, and it still causes the graduate's debt to increase very quickly so the risk is very real. If the gov paid the interest that would cause both moral hazard and reduce real risk on the graduate.
Agreed, this is just a re-branding for the appearance of helping innovation. Now, if they were taking on student's private debt and letting them do IBR, that would be a program; however, the logistics and risk would be absurd.