Quote:
Originally posted by dd74
Why do you ask this? Should age be a determination as to who gets student loans?
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Well, yes, to a certain extent. Age could be one of the criteria come lenders might look at, as it may have a bearing on how long a person may have to pay back a loan. For example, you'd be safer loaning a large sum to a younger person who has their whole life in front of them to pay back a loan if it goes to something like wage garnishing. On the other hand, a senior citizen might not be around much longer, and if they default on unsecured loans (like student loans) there's not as much time to collect.
Sounds cold and calculating, but that's how banks work.