22 ms·

What lenders require you to list the classes you plan to take?

• lotsofpulp 7y ago
  I didn’t claim any lender did, just that it’s a bad idea to lend tens and hundreds of thousands of dollars to young people with no collateral and only a loose requirement to use it on “education”. No lender is actually stupid enough to do this, other than the US taxpayer.
  • malandrew 7y ago
    Many US taxpayers aren't this stupid. The problem is that they need to contend with the votes of people who may or may not file taxes but still vote.
  • ChrisLomont 7y ago
    The reason these loans can be made without collateral for the rates they are is the loans are not discharged easily. They’re still a benefit to both parties, because both gain from them on average. No one is stupid here. Stupidity would imply a net loss on one or both sides, which simply isn’t true.