Abstract

Higher education has undergone several fundamental shifts over the past years. Absent among these shifts is a change in the way federal student loans in the United States are administered and repaid. Due attention to the need for such a change, as well as a proposal for said change, is discussed with the goal of providing market-based solutions that focus on incentives. These solutions will allow students to connect their educational pursuits to their career aspirations and goals.

Keywords: federal student loans, higher education, funding, education reform