If a student takes a federal subsidized or federal unsubsidized loan, they should be charged a flat fee of 10% or an interest rate of 0%APR. Meaning that instead of charging a person starting their life an interest rate more than most car or home loans, they are charged merely for the money they borrow and nothing more. If they take 20K out they pay 22K (the 20K plus 10%) or just use a 0%APR, they borrow 20K they pay back 20K. This would help students to pay their loans faster and contribute more money to the economy, rather than interest on loans.
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