a: student loan ~
b: a second mortgage
What:
"A student loan is like a second mortgage, and similar in scale. Although interest rates are low at the moment, that is artificial unsustainable, and a feature of quantitative easing. Interest rates will rise, so mortgage payments will rise. Students can expect rising mortgage payments, when they buy a house, and a cumulative debt that could be beyond their ability to pay. "
Useful?
Writer: DONALD CLARK
LCC:
Where:
Date: Apr 11 2014 10:15 AM
# 5411 Critique Analogy