Mitch Daniels and the Tin Foil Hat Crowd at the Washington Post

Mitch Daniels did a big pitch for making student loans more complex and more profitable for the financial industry in a Washington Post column today. The basic story is that he is pushing "income-share agreements" where students contract with lenders to pay them a fixed share of their income for a number of years after they graduate college in exchange for a student loan.

My bet is that good students will be able to figure out ways to get much of their income after the end date on the ISAs, b...