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Of course, but I had to sign stuff like this to get a mortgage. A bunch of mandated forms about worst case payments. Seems an easy law to help reform loans.
by brianwawok 10y ago
Of course, but I had to sign stuff like this to get a mortgage. A bunch of mandated forms about worst case payments. Seems an easy law to help reform loans.
- Kluny 10y agoIt's easy and it should be done, but I don't think it will be that effective. Mortgages come with other rules. If you can't come up with 20% down, you pay mortgage insurance. If you have limited ability to pay it off, you don't qualify for as much cash. If you have a bad credit history, you pay higher interest. All these things are meant to keep mortgage debt from getting out of control. No such rules exist for student loans.