4 ms·
Who is relying on the cashflow from these loans that haven't been paid in 3 years? With every other loan or bond, someone's business model or ability to stay so
by htss2013 4y ago
Who is relying on the cashflow from these loans that haven't been paid in 3 years? With every other loan or bond, someone's business model or ability to stay solvent relies on interest payments coming in.
Apparently student loans exist in the ether where pay or don't pay for 3 years, whatever, it won't make a difference?
- uejfiweun 4y agoI’m pretty sure it’s the fed who underwrites these loans, right? Can’t imagine they care too much about the lack of payments, they have a beautiful money printer.
- paulddraper 4y agoYeah, it used to be privatized, but 8(?) years ago that stopped.