Editorial: Student-loan problem needs public-private solution

03/10/2013 | New York Times (tiered subscription model), The

Because private student loans offer "little flexibility" to borrowers and refinancing at a lower rate is "rarely possible," the federal government needs to provide a path for relief to private borrowers, this editorial argues. The Consumer Financial Protection Bureau is looking for ways to address private student-loan debt. "Such a plan, which would most likely involve a public-private partnership that freed up capital for refinancing, would have to be part of any solution to the student debt crisis," the newspaper writes.

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New York Times (tiered subscription model), The

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