I been getting alot of shit from so many people saying don’t join it is a big waste of time.
Posts Tagged ‘money’
In the Army If you don't get paid crap why even join you can save money for college from a regular job.?
Saturday, March 13th, 2010I NEED MONEY FOR COLLEGE HOW DO I GET IT OTHER THAN SCHOLARSHIPS ?
Friday, March 12th, 2010I AM TIRED OF BEING TURNED DOWN FOR SCHOLARSHIPS AND I NEED MONEY FOR SCHOOL I NEED INFORMATION
Why don't Free Market Principles work when creditors give out loans for students and payday loans?
Thursday, March 11th, 2010For instance, private creditors will give out student loans at obscenely high compounded interest so the poor student will be stuck with debts for many years.
Similarly, when the working poor and lower-middle class need a paycheck advance, some shops and creditors will offer loans with immense interest rates, too.
But according to the Free Market, competition amongst creditors should mean that the creditor offering the lowest interest rate GETS most of the customers.
Why doesn’t it work that way?
If I were a creditor and I offered students a 1%-interest student loan (but everyone else was offering students 5%-interest loans), technically I should be flooded with students trying to get money from me!
@ SDD: But WHY?
Don’t free-market principles state that if the supply were to increase (i.e., lower-interest loans), there’ll be a corresponding demand to match it?