Susan Dynarski: The Wrong Way to Fix Student Debt

Here, in the Times's Economic View column. Excerpt:

[T]he Trump administration is taking us in the wrong direction, making student loans riskier, more expensive and more burdensome for borrowers.

First, the Education Department has weakened accountability for the companies that administer student loans. Second, it has made it more difficult for borrowers to apply for, and stay enrolled in, income-based payment plans. Third, Betsy DeVos, the education secretary, has given banks more leeway to charge borrowers high fees — as much as 16 percent of the balance owed — if they fall behind.