The Conservative Approach to Student Loans

Alexander Holt was quoted in Inside Higher Ed about the conservative approach to student loan policies:

“There’s this argument that it’s inserting private market competition, which it isn’t -- that’s not true,” said Alexander Holt, a policy analyst at New America’s Education Policy Program. “There is a recognition that we’ve been adding and adding layer upon layer and it’s gone too far. So you’ve got to do something about that,” Holt said. 

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Holt said the proposal may also draw opposition from the for-profit college industry, a sector that takes in a growing amount of revenue from federal federal aid attached to graduate enrollment. That could set up a clash between for-profits and lending companies that hope to play a bigger role in the graduate market, he said.

Holt said while there’s broad consensus on simplification as a goal, there’s not much agreement on what that actually means. “The question is: is that consensus meaningful at all?” Holt said. “Does it translate at all into what the GOP or the Trump administration would be listening to or thinking about?”