Originally Posted by RB
Well, any line of credit attached to a mortgage should feasibly be secured, right?
And yeah, good point on the interest rate difference, I didn't even think of that. But it does make sense from a creditor standpoint why a student loan isn't seen equally as credit card debt. A student loan is for education, meaning the person is atleast someone intelligent enough to maintain a decent credit score. Only in theory, of course.
oh, it will be secured for sure.
and you're right in part about why student loans arent the same as other unsecured debt in a creditors eyes. other part like dweezel says, you pay it down and unless you're back in school it wont go back up. also, most people arent going to default on money owed to the gov't
