Question: one way to structure a student loan repayment plan is to make it income-contingent -- that is, to relate the amount that a student would

one way to structure a student loan repayment plan is to make it income-contingent -- that is, to relate the amount that a student would have to repay in any given month to how much income he or she earns. How might the existence of such a plan alter a student's choice of college major? Would such a repayment system be socially efficient?

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