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A comment on Student Loans a Lot Like the Subprime Mortgage Debacle, Watchdog Says. Parent comment

Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by kortilla on Wednesday December 11, 2019 @05:49AM (#21761291)
It’s not the bank’s responsibility because they aren’t at risk of a default on the loan for the student picking a useful degree. Remove that government backstop and banks are going to get awfully good at rejecting $200k loans for an out of state B.A. degree in Renaissance Era French Literature.
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Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by vonmoltke on Wednesday December 11, 2019 @08:34AM (#21762156)
Banks already reject that, because they aren't getting a guarantee. The issue is the loans issued by the Department of Education, which are the non-dischargeable ones.
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