Re:Regulators Shut Down Lending Platform (YC Alum) LendUp
by pyrophane on Wednesday December 22, 2021 @08:11PM
(#29657569)
> "and no loans around to distort prices."
As a result, private school remains kind of a luxury product for people who don't like the free public offering and can afford to pay to send their kids somewhere else.
I can only imagine that if we extended some version of our school loan program to primary/secondary education we would have a lot of highly indebted parents or, god forbid, children, and an explosion of private schools.
Ultimately, it would also drive prices up. The high end would need to be more exclusive (expensive) and everyone else would compete on perceived quality more than price.
Re:Regulators Shut Down Lending Platform (YC Alum) LendUp
by rdtwo on Wednesday December 22, 2021 @10:06PM
(#29658212)
Yeah I think that is exactly what would happen. Private school is like 3x more expensive than college probably 5x when you adjust for time value of money
As a result, private school remains kind of a luxury product for people who don't like the free public offering and can afford to pay to send their kids somewhere else.
I can only imagine that if we extended some version of our school loan program to primary/secondary education we would have a lot of highly indebted parents or, god forbid, children, and an explosion of private schools.
Ultimately, it would also drive prices up. The high end would need to be more exclusive (expensive) and everyone else would compete on perceived quality more than price.