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A comment on Subprime loans for college hiding in plain sight. Parent comment

Re:Subprime loans for college hiding in plain sight by managerclass on Monday September 19, 2022 @09:38AM (#32898128)
Don't know if it'll make Colleges more affordable, but it'll definitely deter lenders from giving out loans to applicants that aren't as academically inclined or going into majors that have a low earnings potential.

The idea of banks having a risk free loans never really made sense to me...

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Re:Subprime loans for college hiding in plain sight by treeman79 on Monday September 19, 2022 @12:52PM (#32900823)
Right now a college can offer useless easy degrees and charge anything they want, because 18 year olds have easy access to huge sums of money (government backed loans) and also tend to make poor financial sessions.
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Re:Subprime loans for college hiding in plain sight by lotsofpulp on Monday September 19, 2022 @09:51AM (#32898290)
> The idea of banks having a risk free loans never really made sense to me...

They do not since 2010:

https://en.wikipedia.org/wiki/Health_Care_and_Education_Reco...

> Ending the process of the federal government giving subsidies to private banks to give out federally insured loans. Instead loans will be administered directly by the Department of Education.[23]

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