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> Therefore before 2005, banks that lent money for student loans did so without that particular extraordinary protection. Most of the pre-2005 loans required a
by labcomputer 6y ago
> Therefore before 2005, banks that lent money for student loans did so without that particular extraordinary protection.
Most of the pre-2005 loans required a parental co-signer. And I know that I wasn't able to take out non-federal loans all by myself.
- btilly 6y agoYours is a true statement that doesn't contradict what I said. Namely that until 2005, banks were lending to students without protection from non-payment during bankruptcy. In fact the fact that banks insisted on mitigating their risks with a co-signer is actually supporting evidence FOR what I said.