Re:Subprime loans for college hiding in plain sight
by Spivak on Monday September 19, 2022 @08:47AM
(#32897614)
So if, for you, the thing that makes a loan safe is the lender feeling reasonably confident in the value of the collateral then what makes 10% of a persons discretionary income for 20 years feel more risky?
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Re:Subprime loans for college hiding in plain sight
by wodenokoto on Monday September 19, 2022 @09:19AM
(#32897909)
The ability to collect 10% and the size of their income.
But I’m from Scandinavia so I do think 10% of income is a great way to pay for college. Have the government collect it and cut out the bank!