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The lack of defaults on loans also takes away much of the incentive for the lenders to due any due diligence on the viability of your decision. They can lend an
by TallGuyShort 8y ago
The lack of defaults on loans also takes away much of the incentive for the lenders to due any due diligence on the viability of your decision. They can lend and will get their money one way or another (except in extreme cases like your friend).
- dragonwriter 8y ago> The lack of defaults on loans also takes away much of the incentive for the lenders to due any due diligence on the viability of your decision. Since private government-guaranteed loans were discontinued, most private student lending dried up, so “lenders” here basically refers to the federal government.