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> Let me know when you figure out a better way to put a price on the risk of loaning money. Collateral.
by FlyMoreRockets 6y ago
> Let me know when you figure out a better way to put a price on the risk of loaning money.
Collateral.
- refurb 6y agoSo people with no collateral are SOL?
- apta 6y agoIf people have nothing for collateral, they're most likely in poverty and should be receivers of charity or other government assistance programs.
- refurb 6y agoSo no student loans? Most 19 year olds have no collateral.
- apta 6y agoSo that's a symptom of an underlying cause: the insanity of for profit college prices in the US. Other countries don't have this problem. There's also the obvious solution of giving them loans with 0% interest. Perhaps another option is to pay their tuition in exchange for working at the lender for a fixed number of years afterward.
- cko 6y agoPartnerships, issuing stock? Not exactly collateral but there are aligned interests.