A refi is good when you have variable rate debt and you're exposed to a high rate environment. See: mortgages BUT: majority of student debt is fixed rate, and there are already legal caps on student loan APRs. Bottom line: student loan refi is a solution looking for a problemhttps://twitter.com/amyklobuchar/status/1120465113847402497 …
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Yeah outside the current environment for student loans but the idea is essentially some guaranteed net present rate that tries to price in potential future increases and decreases that likely work out on net; the concept applies in re: student loans which are subject to labor mkt
ahh I see what you mean, like more dynamic pricing that accounts for the interest rate environment? That would prob make student loans cheaper, but my feeling is that the bigger problem is the current regime extends too much credit to borrowers who will never be able to repay
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Absolutely; this is more an idea that, once elected, I think wouldn’t be unreasonable for warren to offer to get some Rs in the senate to vote for her plan; and it at least draws on other pricing for other commodities Rs care about (again, Rx is the example)
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Definitely! I mean, all else being equal I'd rather have student loan refis than no reform at all, which, in a world with Mitch McConnell, would count as a major win.
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