Summary: The Consequences Of Student Loans

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In Atkinson, (2009) “The difference principle requires that inequalities in a society should work to the greatest benefit of the least advantage.” The goal of student loans has been to make higher education affordable particularly for those who would otherwise not be able to attend. The negative consequences of student loans is an increase in defaults, which is only making those who offer loans more reluctant to lower the cost. Another result, is minorities and women still receive fewer higher degrees among the groups studied. Most people want to pursue a higher education but are weary of the future cost associated. A continued reliance on federal loans reduces that opportunity for an open market which could potentially lower interest
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