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Do loan providers typically break even? Even with the federal loan systems you mentioned, they’re making a profit each year.
by lovich 5y ago
Do loan providers typically break even?
Even with the federal loan systems you mentioned, they’re making a profit each year.
- b9a2cab5 5y agoYou make fat profits in normal years and potentially lose out catastrophically during Great Recesssion-like events. Lots of lenders straight up went bankrupt due to defaults. Of course since the government made it so you can't discharge student loans in bankruptcy that market isn't functioning anymore.