Re:Defrauded students to receive loan forgiveness
by ska on Friday March 19, 2021 @06:46PM
(#26518932)
Not necessarily (e.g. credit cards), but that is one way to manage risk.
Certainly removing this protection would likely reduce the number and/or size of loans that are approved, and other risk reduction methods applied.
As it is , tuitions are being driven more by ability to pay than by costs, and ability to pay is being driven by this loan status. The system has terrible incentives for lenders and institutions.
Certainly removing this protection would likely reduce the number and/or size of loans that are approved, and other risk reduction methods applied.
As it is , tuitions are being driven more by ability to pay than by costs, and ability to pay is being driven by this loan status. The system has terrible incentives for lenders and institutions.