The Stakes Are Too High To Lower Support.
UC Law Alum Christopher P. Chapman argues a proposed new cap on federal student loan borrowing will severely impact students pursuing graduate and professional education.
“Anyone can get a car loan, right? And people don’t get those off the backs of taxpayers. That’s what private lenders are for. What’s so different about student loans? Private lenders will fill the gap, just like they do for people who can’t buy cars with cash, and everybody’s happy. Perhaps at first blush that argument appears to make sense, but it leans on a false equivalency that places the future of real people at risk and creates the potential that society will ultimately become less than it could be.”
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