Are Loan Limits Driving Down College Costs?

When Republicans set new loan limits for graduate students last summer, they made it clear their intent was to drive down college costs and address the mounting student debt crisis. But not all colleges AEI cited explicitly tied the decision to the new loan limits. Still, Cooper argues “this is early signs that the loan limits seem to be working.” She doesn’t think the current loan limits are the best way to lower college cost and hopes to eventually see more nuanced loan policies based on how students fare in the programs. As you lower college costs, Cecil said, it’s also important to ask how institutions, and sometimes private lenders, can take on more responsibility.