Originally Posted by Val
Originally Posted by Old Dad
....so yeah, the competition is quite uneven and the rates charged aren't going to be competitive.

Back in the olden days of the 80s when I was a student, the entire point of rates on student loans was that they were low. Back then, interest rates were stratospheric (15%+), and student loan rates were 8%. This is one of those facts that people (err, especially banks) seem to have conveniently forgotten as the loans have become big business.


YES.

+ non-dischargeable debt. Which of course explains why people (or banks) are so eager to forget this point, since after all, forgetting is the only way to make more money NOW-NOW-NOW. Who cares about ten years from now, anyway? Housing, surely, will have recovered since then and we can all go back to making lending decisions irresponsibly THERE.

smirk

Schrödinger's cat walks into a bar. And doesn't.