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Surely this can't be true? It isn't because the minimum repayments are so low they never come close to the large interested accrued?
by pricechild 10y ago
Surely this can't be true?
It isn't because the minimum repayments are so low they never come close to the large interested accrued?
- Meegul 10y agoHere's some more reading on it: https://www.nytimes.com/2016/04/09/business/dealbook/getting-a-student-loan-with-collateral-from-a-future-job.html https://www.nytimes.com/2016/04/09/business/dealbook/getting... Mitch Daniels, the president of Purdue, has been pushing for this as a sort of solution to student loans, but it just ends up with the higher-income students subsidizing the education of the lower-income students, where 'income' refers to post-graduation job income.
- dragonwriter 10y ago> Mitch Daniels, the president of Purdue, has been pushing for this as a sort of solution to student loans, but it just ends up with the higher-income students subsidizing the education of the lower-income students, where 'income' refers to post-graduation job income. You know what else does that? Having government guaranteed loans in the first place.