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At which point the banks would respond by not writing pie in the sky loans for 18 year olds with median income earning prospects. And then colleges would respon
by tpmoney 3y ago
At which point the banks would respond by not writing pie in the sky loans for 18 year olds with median income earning prospects. And then colleges would respond by cutting back costs to reflect something more approaching reality instead of an artificially inflated market.
- mrep 3y agoThey'd still happily write them for kids who can get their parents to co-sign their loan though so you'd mainly just screw over poor kids.