A brilliant solution on student loans that benefits (surprise!) rich kids


USC commencement last May: Who’ll pay the bills? (Patrick T. Fallon / For The Times) The student debt crisis is sufficiently horrific to have generated a plethora of ideas for relief, from refinancing government loans to make them more affordable (Sen. Elizabeth Warren [D-Mass.]) to making all higher education tuition-free (thank you, Sen. Sanders).

A team of conservative economists from the American Enterprise Institute has been promoting a market-based plan known as Income Share Agreements. The idea is that investors would offer students loans to be paid back from a set percentage of their future earnings over a set […]