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Mostly because we allow easy loans for students who don't read the paperwork. We need to stop giving out easy loans to anyone who asks. The schools will lower
by tekla 3y ago
Mostly because we allow easy loans for students who don't read the paperwork.
We need to stop giving out easy loans to anyone who asks. The schools will lower prices if people can't afford it via a loan.
- deleted 3y ago[deleted]
- orthecreedence 3y ago> We need to stop giving out easy loans to anyone who asks. Right, by not having student loans backed by the federal government. As it stands now, if you put glasses on a dog he could get a student loan because lenders have no incentive to scrutinize the debt. The federal government collects for them. We're pushing people with absolutely no financial experience and no financial training to sign up for debt they can never get rid of without what's effectively economic indentured servitude.
- nothercastle 3y agoI don’t have any issue with easy loans just make them dischargable so banks have skin in the game
- tekla 3y agoWhy would ANYONE agree to service that? It's an insane proposal.
- nothercastle 3y agoNatural check on lending. If you are too loose with requirements then you take heavy losses and the taxpayer bails you out.
- deleted 3y ago[deleted]