June 30, 2016 8:28 AM EDT

To help cover the losses from loans that are never repaid. But some argue that that expense should be spread among all taxpayers, since education is a greater good. For now, the only relief for undergrads is that the current 3.8% fixed rate is the lowest in a decade.

This appears in the July 11, 2016 issue of TIME.

Contact us at letters@time.com.

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