b Forum

wannabelawstudent · Post by **wannabelawstudent** » Tue Mar 26, 2013 9:11 pm

Yeah that should never happen.

09042014 · Post by **09042014** » Tue Mar 26, 2013 9:20 pm

The use of the 20% down payment for a house is the bank has a secure asset that it can use as collateral even if the value is reduced by the market. Even if your house takes a hit in value, the bank can get their money back 100%.

Students loans are totally unsecured. Even if you put down 20% into tuition, that adds ZERO security to the loan.

Stupid idea.

wannabelawstudent · Post by **wannabelawstudent** » Tue Mar 26, 2013 9:23 pm

Desert Fox wrote:The use of the 20% down payment for a house is the bank has a secure asset that it can use as collateral even if the value is reduced by the market. Even if your house takes a hit in value, the bank can get their money back 100%.

Students loans are totally unsecured. Even if you put down 20% into tuition, that adds ZERO security to the loan.

Stupid idea.

Good and practical point. I didn't even think of that point. I was more going for the "only the really rich can shellout 30k up front for law school"

20141023 · Post by **20141023** » Wed Mar 27, 2013 10:52 pm

sinfiery · Post by **sinfiery** » Wed Mar 27, 2013 11:49 pm

Why the hell are interest rates 7-8% when you can't discharge your loans. Makes no sense.

SportsFan · Post by **SportsFan** » Wed Mar 27, 2013 11:53 pm

sinfiery wrote:Why the hell are interest rates 7-8% when you can't discharge your loans. Makes no sense.

#debtculture

b Forum

Re: Wash U 130K scholarship v. NU and Gtown Full Sticker

Re: Wash U 130K scholarship v. NU and Gtown Full Sticker

Re: Wash U 130K scholarship v. NU and Gtown Full Sticker

Re: Wash U 130K scholarship v. NU and Gtown Full Sticker

Re: Wash U 130K scholarship v. NU and Gtown Full Sticker

Register now to search topics and post comments!

Re: Wash U 130K scholarship v. NU and Gtown Full Sticker

Register for access!