Keep in mind that 18 years of interest-only payments *does* make the taxpayer whole- the 2.05% (minimum) profitable interest rate surcharge above the government's own borrowing costs means that we're just lining our own pockets if we ask for payments after that.

(Yes, the 18-year figure assumes stable Treasury interest rates and takes a few other reasonable liberties, but it's not off in principle.)

Maybe we should stop asking students to pay interest rates at least 2.05% and as much as 4.6% *over* the cost of money to the government and *then* see whether we still have "tremendous delinquency rates."

But I dunno, maybe you easily pay a 4.6% federal tax on the balance of your mortgage and can't understand why that might be an issue for others.

I'll admit I'm confused. Are you blaming those students for the content of legislation passed by a Congress they had no hand in electing? Or are you saying only students that *do* pay their loans should be covering the losses on those that don't, not the taxpaying voters that elected the legislators that created and modified the loan program?

I learned long ago not to debate legal concepts with rank amateurs, let alone poorly-informed ones. But I am willing to point out the most obvious and Google-verifiable error in your post: the "already-ended" emergency ended a whole 81 days before the Supreme Court's decision in Biden v. Nebraska. But not before oral arguments. Not before briefing. Not before appeals to the 5th and 8th Circuit. Not before district court rulings. And, most importantly, not before the rulemaking at issue. You might also note that, irrespective of the Senate's cloture rules, by the time there was a single court ruling against Biden, his party no longer "held both houses."

Necessary? I thought we were talking about what was legal. My mistake.

And you clearly misremember the legal posture of suspended payments and interest.

What lenders? What companies? Do you mean the federal government and its literal contracted servicers?

For sure. The federal government should absolutely pick favored and disfavored areas of study as well as favored and disfavored schools. What problem could one possibly have with hundreds of new Life University graduates with degrees in Climate Stasis?

Who says it wasn't "obeying the law"? You don't think it's tortured reasoning at all to find that when Congress said "waive or modify" it meant only small or huge changes were acceptable rather than a range that might include intermediate ones? In the context of granting the executive powers during a national emergency?

if you're comfortable with the tautology that the law (as determined by the Supreme Court) is the law, that's cool. But when they determine things pretty contrary to a normal reading of statute, you should know that there's no way to obey the law *before* they spit out what that determination is

It's exactly why haircuts have outpaced inflation, too- barbers started accepting credit cards.

Almost. All patents are a drain on the economy. Once you've incentivized the research, their only value going forward is maintaining that incentive for additional research. There are plenty of economists who argue the value of that incentive is questionable.

Did you miss where it says "undergraduate and graduate students"? Harvard man, yourself, eh?

Harvard has nowhere near 25k students. You'd need every student from every cohort for well more than a decade to get to a number like that.

Again, sure, buddy. It's the "spread of abilities" rather than their commitment to success in the particular class that determines grading outcomes at places like Harvard. The actual experience of those that have their degrees from such institutions notwithstanding.

Not directly related, but it's fundamentally the same problem with weighted grades in high school. The system itself says that it is not possible to learn as much in the general rather than honors class.

"Spread of abilities." At Harvard. Okay, buddy.

I mean, we've all heard of DeVry, USC, and Trump University, but I wouldn't expect teaching at any of those places would make you any more qualified to discuss the workings of elite universities than the students you taught.