Beware easy-to-get college loans
Posted: October 22, 2012 at 4:28 a.m.
The parallels to the mortgage lending boom pre-2007 are eerie. People are qualifying for large loans with no regard to their ability to pay. For borrowers, there’s no income check, no need to verify employment, and no disclosure of how much other debt they’ve taken on.
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Editorial, Pages 10 on 10/22/2012