Private College Student Loan

If a student is poor and his father has no property ;why bankers refuse to sanction education. loan?

previously they wanted guarantors to get assured .Now they plainly refuse to give education loan .When in fact they are they who really need the social help.

Public Comments

1. Banks aren't in the business of social help. It sounds cold but banks are in the business of making money. They want low risk and high return. When the economy is bad (as it is now), banks can't afford to take risks with their money. If they did, their depositors would take the money out of the bank. Government and charity are in the 'business' of social help. They're who you'll have to get the most help from.
2. I Mrs Wilfred Parker from Altlanta USA, I saw your question on how you need a loan i will refer to Mr Mike Franklin who gave me loan of $15,000 two months ago with interest rate of 4% and monthly repayment,he can help you but you most be willing to pay back as at when due and tell him i refer you to him here is the email mikegloballoanhouse@yahoo.com check it out