What do banks consider when giving student loans?
I took out a pretty hefty student loan and was recently approved. However, do banks take into consideration that I will most likely have to apply for the another loan of the same amount another 3 times to complete my 4 years in college? Is it likely that I'll get this loan approved again next year?
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Answer by STEVEN F
In the US, NOTHING. The Federal government has taken over student loans. The government considers POLITICS more than finances. If finances were a primary consideration, students without a CURRENT income wouldn't be eligible for loans.
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