There’s also no collateral.

There’s also no collateral.
by EricCartman (2024-04-22 13:40:42)

In reply to: The biggest problem with student loans is that there is posted by Raoul

There’s nothing physical to repossess when the borrower defaults. It’s an entirely unsecured loan, which is why rates are high and you cannot discharge the loans in BK.

Replies:

also, unlike other debts - jt 2024-04-22 15:25:45