Why Are Student Loans Considered Unsecured?
Student loans are considered unsecured loans due to the lack of collateral, reliance on the borrower’s creditworthiness, the potential for bankruptcy discharge, and the flexible repayment structure.
Student loans are considered unsecured loans due to the lack of collateral, reliance on the borrower’s creditworthiness, the potential for bankruptcy discharge, and the flexible repayment structure.
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