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Student loans are easily secured and, relative to the size of the loans, cheap money.
by etempleton 4y ago
Student loans are easily secured and, relative to the size of the loans, cheap money.
- listless 4y agoThis is the reason - because we are lending to anyone and everyone. It’s similar to subprime - no need to prove ability to pay the loan back. Only you can’t discharge student loans with bankruptcy so it’s almost worse in the long run. It’s predatory lending by another name.