Identifying and mitigating sources of risk is a critical task for any lender. That is true whether the lender is your local bank or the U.S. Department of Education. When the government lends to college students, it is not guaranteed to get all of its money back with interest, as borrowers may default or become severely delinquent on their loans. This danger is especially pertinent to student loans, which are unsecured by borrower assets. Read more here.
Should Cabinet nominees be critical of their own agencies?
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E21: Economic Policies for the 21st Century is a Washington-based center of the nonprofit, nonpartisan Manhattan Institute dedicated to economic research and innovative public policies for the 21st century. Drawing on the expertise of practitioners, policymakers, and academics, we aim to advance free enterprise, fiscal discipline, economic growth, and the rule of law.