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Unless I missed it in the article, I don't think the author mentioned one of the biggest factors. The big lenders in America are effectively extensions of the U
by spencerchubb 2y ago
Unless I missed it in the article, I don't think the author mentioned one of the biggest factors. The big lenders in America are effectively extensions of the US government, and the government guarantees over 90% of loans.
That means there is no risk (for the lender) to give out student loans. The taxpayers take on the risk