3 ms·
> purpose of a college LOAN is 100% a job Wow, what horseshit.
by sscaryterry 3mo ago
> purpose of a college LOAN is 100% a job
Wow, what horseshit.
- burpingtree 3mo agoYes, this is slightly incorrect. The purpose of a college loan is 100% that the default rate will be low enough that the interest payments will provide a positive return for the lender. The expected default rate is given by the lendee’s expected future income. The majority of the expected income is driven by the expected job of that lender, but some of that expected income could come from other income sources such as investments especially in fields such as finance.
- sscaryterry 3mo agoIt saddens me that you are correct. This is just modern rent-seeking behaviour.