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A 17-Year-Old With $0 Income Got Approved for $250K. Here's the Twisted Reason Why.
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A 17-Year-Old With $0 Income Got Approved for $250K. Here's the Twisted Reason Why.
The post A 17-Year-Old With $0 Income Got Approved for $250K. Here’s the Twisted Reason Why. appeared first on 24/7 Wall St.. Student loan underwriting approves $250,000 in unsecured debt to 17-year-olds with zero income or assets because there is no collateral to repossess and defaulting borrowers face. High student debt becomes manageable for graduates earning $75,000+ in engineering/nursing, but a lifelong burden for those in $38,000 jobs w…
·New York, United States
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Coverage Details
Total News Sources1
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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