Fortunately, given that interest rates are still
at historic lows, the Education Department can lock in a
bargain -
basement cost to refinance its entire loan portfolio rather than continuing to game the yield curve where higher -
priced, longer - term
student loans are financed with lower -
priced, shorter - term government borrowings.
It's so cheap to go to law school in B.C. that our schools are flooded with
students from other provinces who get can their legal education
at one of two world - class institutions
at bargain basement prices, only to «head back home» once they're done!