>It's the only contract you can enter into under 18 and you can never declare bankruptcy on them. It's the most bullshit type of loan there is.
Students are offering up zero collateral and usually have minimal credit history for a loan in the tens of thousands of dollars. For better or worse, if students could default on their student loans, fewer banks could/would make those loans.
Students are offering up zero collateral and usually have minimal credit history for a loan in the tens of thousands of dollars. For better or worse, if students could default on their student loans, fewer banks could/would make those loans.