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Make the federal government guaranteeing loans, the market would sort itself out. In this specific instance, this is money slurped up by administration fees. I
by nojvek 3y ago
Make the federal government guaranteeing loans, the market would sort itself out.
In this specific instance, this is money slurped up by administration fees. If they stopped the loans, the prices would drop to meet reduced supply of loans.
I am against Biden forgiving loans when they keep on guaranteeing more loans. I'd be okay if they said the government is out of student loan business. Let the banks handle it.
Demand and supply - it's like the speed limit of light.