New York Consumer Law Blog

Tuesday, August 13, 2019

Where You Went to College May Matter on Your Loan Application

Despite the growing embrace of such measures, some consumer advocates say the trend will hurt lower-income or minority borrowers. “It entrenches and perpetuates inequality in such an obvious and stark way,” says Chi Chi Wu, an attorney for the National Consumer Law Center, who adds that the existing system already makes it harder for people with lower income and fewer assets to qualify for cheaper loans. 

https://www.wsj.com/articles/where-you-went-to-college-may-matter-on-your-loan-application-11565258402


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