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View all search resultsThe decline in P2P lending practices is attributed to a variety of social issues. A problem commonly brought up is the debt collection methods, which sometimes involve prohibited measures such as intimidation and violence. Moreover, there is growing concern over high interest rates that affect consumers.
Universities and fintech lenders can offer an alternative funding source for education, but such partnerships must have robust assessment criteria in place to avoid placing undue burdens on students without the capacity to repay.
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