Re:Jaded with education, more Americans are skipping college
by nobodyandproud on Thursday August 17, 2023 @08:53AM
(#37160819)
Private lenders used to do this.
The Federal interest payments gave a stream of income to the lender.
But I thought in decades past someone used to assess the risk of someone not repaying, and limit the amount.
Or was it always a small amount no matter what? I remember not being able to afford even the state schools, even with the loans and meager scholarships.
The Federal interest payments gave a stream of income to the lender.
But I thought in decades past someone used to assess the risk of someone not repaying, and limit the amount.
Or was it always a small amount no matter what? I remember not being able to afford even the state schools, even with the loans and meager scholarships.
This is in the early 1990s.