Re:The Number of Older Student Loan Borrowers Is Rising
by pmiller2 on Thursday January 12, 2017 @01:01PM
(#13384515)
Rates would need to skyrocket to compensate.
Re:The Number of Older Student Loan Borrowers Is Rising
by aianus on Thursday January 12, 2017 @02:40PM
(#13385389)
Realistically the middle class would have their parents co-sign and poor people just wouldn't be able to go to school anymore. Not a great idea.
Re:The Number of Older Student Loan Borrowers Is Rising
by thmsths on Thursday January 12, 2017 @08:57PM
(#13387829)
This is basically the french system, the bank does not even look at your credit history/revenue stream if your parents makes a decent amount of money and cosign, however getting a loan without a cosigner is almost impossible.
I often wonder if the easy answer is to make student-loan debt dischargeable on bankruptcy. Yes, some banks would stop making the loans. But, would they all? I have to assume there would still be a market for student loans.