• 1 The backdrop
  • 1.1 The broader context
  • 1.2 Current arrangements
  • 2 What interest rate?
  • 2.1 Blanket interest subsidies: What’s the problem?
  • 2.2 Evidence: The distribution of subsidies
  • 2.3 What is the right rate of interest?
  • 3 Policies to improve the loan system
  • 3.1 Data and method
  • 3.2 Strategy 1: Higher monthly repayments
  • 3.3 Strategy 2: Longer duration of repayments
  • 3.4 Hybrid options
  • 3.5 What can we do with the savings?
  • 4 Policy gains from reducing the interest subsidy