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If people have nothing for collateral, they're most likely in poverty and should be receivers of charity or other government assistance programs.
by apta 6y ago
If 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.