3 ms·
I'd like to see something similar to the risk retention rule that was supposed to be put in place for mortgages by Dodd-Frank.* Colleges should only get 80 or 9
by bradleyjg 10y ago
I'd like to see something similar to the risk retention rule that was supposed to be put in place for mortgages by Dodd-Frank.* Colleges should only get 80 or 90 cents on the dollar from student loans and have to wait for the rest until the loans are repaid (if at all). Perhaps a sliding scale could be used depending on the amount borrowed, with more expensive schools bearing more of the risk.
* I say supposed to be because the rule was swallowed by an exception during the regulatory process and now only plays a minor role.