A number of important trick items remain from this comparative analysis away from ICL and you can GGBLs. For starters, we have witnessed an insufficient examination of this new default can cost you associated with GGBLs for people. A critical point let me reveal that folks defaulting towards student loans and finish destroying the complete borrowing from the bank reputations, which results in him or her having difficulty and better will cost you whenever attempting to secure low-figuratively speaking. There was also too little advice linked to anyone market expenses associated with GGBLs. Decreased empirical papers might have been compiled regarding the worth of practices smoothing having debtors that have ICLs.