Default

Interesting data point from this morning.

I met this bloke who used to underwrite student loans in the US.

By category, the worst defaulters were from the Bible Schools, with default rates as high as 50% by students from some institutions. Gotta wonder about those Christian values.

The next biggest offenders were law school graduates, who probably could properly assess the risks, could use their skills to get out of trouble, and generally didn’t give a shit.

The groups with the lowest default rates were from Ivy League schools, small liberal universities and doctors.