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mk · 3154 days ago · link · · parent · post: More Than 40% of Student Borrowers Aren’t Making Payments
That much is true. Unfortunately that risk isn't mirrored on the lenders end. If it were, there would probably be less student loans issued, and the cost of college education would be lower. It drives me crazy to hear politicians talking about loans as a way to make college more affordable. That's like saying that lower interest rates, or lowering the necessary deposit on a mortgage makes housing more affordable. It just takes a short time before those adjustments are reflected in higher prices.And if they pick something minor or obscure, it raises the level of risk that they took.