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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 sokoloff on Wednesday December 11, 2019 @06:57AM (#21761645)
Are private student loans backed by a federal guarantee of repayment? I didn’t think they were (and federal loans are definitely not infinite).

A student who is unable to repay their private loans before death leaves the lender without the money I think.

[ Parent | on HN ]
Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by vonmoltke on Wednesday December 11, 2019 @08:24AM (#21762091)
Private loans are not backed by a federal guarantee, which is why they are such a small portion of the pie.
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Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by lotsofpulp on Wednesday December 11, 2019 @01:48PM (#21765491)
They were at some point, and/or offered by private companies with an "implicit" backing of the government such as Sallie Mae and whatnot.

This may have changed in the past few years.

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