Certain parameters of the student loans-in particular, borrowing limits, interest rates, and repayment plans-changed over time, which affected borrowing and repayment, but the largest drivers of that growth were factors outside of policymakers’ direct control
Between 1995 and 2017, students could borrow through two major federal student loan programs, the Federal Family Education Loan (FFEL) program, which guaranteed loans issued by banks and other lenders through 2010, and the William D. Continue reading “Why Has the Volume of Student Loans Grown So Much Over Time?”