The existence of private student loans does not mean there
Posted on: July 23, 2019 at 12:30:41 CT
ummmm MU
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is true price discovery (i.e. a real market) for the risk.
Private student loans can be federally guaranteed, which along with bankruptcy protections from dischargability, severely lessen the risk of these otherwise risky loans.
Student loans should be considered very, very risky loans, and yet students can take hundreds of thousands of dollars at 7-10%.