I mean, seriously. I was stupid enough to take on the burden of student loans. At least give me the dignity of having the responsibility of paying them off.
I mean, seriously. I was stupid enough to take on the burden of student loans. At least give me the dignity of having the responsibility of paying them off.
Interest rates represent the opportunity cost of investing that money elsewhere, of which lending risk is only one component. Also, the point is moot because lenders can still lose money if borrowers default, even if borrowers cannot legally discharge the debt in bankruptcy, so the lender does hold risk.