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Very few students would qualify. Most of them have no credit history and little to no income. If it were easy to default, the entire system would collapse. Obv
by twblalock 10y ago
Very few students would qualify. Most of them have no credit history and little to no income. If it were easy to default, the entire system would collapse.
Obviously the impossibility of defaulting and the ease of getting loans feeds the problem, but what you are proposing would destroy the system rather than fix it.
- bluGill 10y agoVery few students in worthless degree would qualify. Engineering and medical degrees would do much better because good students would not default as the degree is part of what drives their job.