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PDF pending restorationCannon, Mark R. – Journal of Student Financial Aid, 1997
Analysis of the income-contingent repayment mechanism of the federal direct lending program suggests that it will be considerably more expensive than other repayment options in total interest costs for many; lead to hefty tax liabilities for some; be administratively cumbersome, vulnerable to fraud and abuse, and costly to taxpayers; and invite…
Descriptors: Costs, Educational Economics, Federal Programs, Higher Education
