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Then don't give them the loans. That's how the system works. And if they don't get the loans, force the colleges, and the college towns to compete for the lesse
by ChuckFrank 11y ago
Then don't give them the loans. That's how the system works. And if they don't get the loans, force the colleges, and the college towns to compete for the lesser funds.
Why should student loan originators get a free ride, when other consumer or investment loan providers don't?
- sokoloff 11y agoBecause the thinking was that by allowing access to higher education to less well-off students, you could end or reduce the classism and perpetuation of same. A loan for which no collateral can ever be repossessed necessarily has a different economic profile than a personal loan and even moreso than a real property loan. Absent those protections, you would see a very different (read: people who need loans won't qualify) student lending market. Whether that's good or bad is a matter of which there will be a variety of opinions.
- deleted 11y ago[deleted]
- deleted 11y ago[deleted]