What is the purpose of interest rates in an economy? Some people have argued that student loans
Question:
What is the purpose of interest rates in an economy?
Some people have argued that student loans should be interest-free and anyone should be able to obtain student loans at a 0% interest rate. Others have argued that student loan interest rates should better account for differences in the creditworthiness of borrowers by considering different characteristics of students (e.g., students in a major with strong employment prospects may receive a lower interest rate than those in a major with weaker employment prospects).
How do you think interest rates should ideally work in a student loan context? Please provide some rationale for your position.
https://www.youtube.com/watch?v=lBYt8Axmt8I
https://www.youtube.com/watch?v=Oz5hNemSdWc
A Concise Introduction to Logic
ISBN: 978-1305958098
13th edition
Authors: Patrick J. Hurley, Lori Watson