Monday, June 15, 2015
Slate and Leiter's blog (both via Mike Simkovic) have returned lately to the profitability of federal loans to law (and other professional school) students. Interested readers may note that L&E Prof had a three-part series on that issue: 1. A general theory ("the bake sale theory") of profitable government business; 2. distributional issues specific to student loans; 3. a possible argument for why it would be efficient to do redistribution through a student loan program. Readers interested in the last question may also want to check out this working paper by Jake Brooks.