>Rather, pricing and loan limits are politically determined by Congress
https://en.wikipedia.org/wiki/Student_loans_in_the_United_St...
>Who sets interest rates for federal student loans?
>Interest rates on federal student loans are set by Congress.
https://studentaid.ed.gov/sa/types/loans/interest-rates
Also, there have been several bills proposed to congress to lower the loan rates, and to allow refinancing of existing loan rates. Anyone saying federal loan rates are determined by some actuary calculating risk is plainly wrong.
>Rather, pricing and loan limits are politically determined by Congress
https://en.wikipedia.org/wiki/Student_loans_in_the_United_St...
>Who sets interest rates for federal student loans?
>Interest rates on federal student loans are set by Congress.
https://studentaid.ed.gov/sa/types/loans/interest-rates
Also, there have been several bills proposed to congress to lower the loan rates, and to allow refinancing of existing loan rates. Anyone saying federal loan rates are determined by some actuary calculating risk is plainly wrong.