What if you were a used car dealer and you went to the bank and said I want to borrow money, but 70 percent of my customers are going to default?
Deborah Koff Ross: “What if you were a used car dealer and you went to the bank and said I want to borrow money, but 70 percent of my…”
On the recordJuly 7, 2011
Source
congress.govEditor's note · Context
Ross compares education loan defaults to a used car dealer's loan application to highlight financial risks.
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