The Student Debt Dilemma With Constantine Yannelis
Capitalisn't
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Sophi and Common Bond, What Are They Doing?
No private loan market would have, i uniform interest rate for obvious reason. You also have different groups cross subsidizing each other. For example, the default rate for women is much lower than the default rat for men. So effectively, by having this uniform interust rate, you have women subsidizing men. But oso isn't there an industry that is picking and choosing the best borrower and bisity crimming and damping the rest on the government? Yes, absolutely. There therr companis like sophi and common bond. They're taking these borrowers from a lead institution. If you go to the sandford or chicago mba, nobody ever defaults on a loan. And
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