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Deborah Lucas

Deborah Lucas

Sloan Distinguished Professor of Finance

Department: Director of the MIT Golub Center for Finance and Policy

Contact: (617) 715-4816,

Expertise: Fannie Mae; federal budget; federal credit programs; Fiscal policies; Freddie Mac; Governmental financial institutions; Retirement finance; Social Security; student loans

Bigger loans for STEM students – S.P. Kothari and Korok Ray

From The Wall Street Journal  By S.P. KOTHARI and KOROK RAY Outstanding student debt has ballooned to $1.3 trillion and is now, aside from mortgages, most American households’ largest liability, according to the Federal Reserve. Last year alone student debt increased by almost $83.2 billion, or 6.7%. The price of tuition has risen an average 3.4% each year for a decade, markedly outpacing inflation. Meanwhile, the U.S. faces a daunting skills gap in science, technology, engineering and math. Each year there are 1.3 million new openings in STEM fields but fewer than 600,000 new graduates. Is there a way to solve both these problems at once? Yes: Restructure the Federal Direct Loan Program to target loans based on field of study. Students’ interests would be better served and taxpayers’ dollars would be more productively invested if the Education Department were to extend loans depending on the employability and long-term economic … Read More » The post Bigger loans for STEM students – S.P. Kothari and Korok Ray appeared first on MIT Sloan Experts.

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