Student Debt Crisis: Why Ivy League Students Are Bad News For Online Lenders
Ivy League graduates are looking less and less desirable, at least for online lenders in the business of student debt.
Graduates of the likes of Yale, Harvard and Princeton are unusually proactive in prepaying student loans, sometimes three times faster than expected, industry sources told the Wall Street Journal. They are financially savvy in other ways too, making moves like refinancing their loans at lower interest rates.