Quote:
Originally Posted by RANDY P
7% is what's required to get investors to bite. Had they been such a safe investment they'd be in the 4% range.
It's not the same as a house- house can be insured, and can be repo'd, and it can't shoot itself in the head, die of alcoholism, or get arrested for murder.  |
It is my understanding that student loans are guaranteed by the federal government. If the person defaults the lender gets their monies from the Feds. Also, they can still pursue the borrower.