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A comment on The Student Debt Problem Is Worse Than We Imagined. Parent comment

Re:The Student Debt Problem Is Worse Than We Imagined by user5994461 on Saturday August 25, 2018 @09:48PM (#17843752)
It's the opposite. If people can default, then the bank has to avoid defaulters, staying away from financing expensive studies in dead end careers.

Otherwise the bank needs to get more defaulter, because they are more profitable than people who pay back.

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Re:The Student Debt Problem Is Worse Than We Imagined by stephengillie on Saturday August 25, 2018 @10:47PM (#17843925)
Imagine a student having to provide grades and a course plan to their bank, and a loan officer has to sign off on this. Not unlike buying a house.
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Re:The Student Debt Problem Is Worse Than We Imagined by user5994461 on Sunday August 26, 2018 @07:47AM (#17845484)
I can't imagine a student not having to provide his university name and major. Lend 20k per year to study the history of arts, what could go wrong?
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