San Diego Law Review


Evelyn Brody

Document Type



Governmental subsidies to higher education raise issues of fairness between families and between generations. The partial conversion of the federal guaranteed student loan program into a program of direct governmental lending permits a graduate to pay back the loan with a modest percentage of future income. This Article notes that this income-contingent repayment option provides most graduates with the only insurance they need against a poor job market. Thus, the author argues that this legislation needlessly retains existing federal subsidies, which could be more effectively targeted to the needy.

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