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They can inflate a loan. - what they do is, they give you the teaser rate to start. it's artificially low. - that's right. college lenders are using the classic "first one's free" move, used on everything from streaming services to cocaine-- or so i'm told. but that's not the only trick up their sleeve. - it's a lot of fine print. it's overwhelming. - maybe you make an underpayment one month, and they pyramid your fees until you don't notice. - if you end up defaulting, your wages can be garnished. they can come in and just say, nope. we're taking 15% of your wages without any sort of due proc...

From streaming services to cocaine-- or so i'm told. but that's not the only trick up their sleeve. - it's a lot of fine print. it's overwhelming. - maybe you make an underpayment one month, and they pyramid your fees until you don't notice. - if you end up defaulting, your wages can be garnished. they can come in and just say, nope. we're taking 15% of your wages without any sort of due process at all. they do the same thing with social security. - so if you're a teenager signing the papers, why don't you listen to the adults in the room who were there to guide you? remember your guidance cou...

From streaming services to cocaine-- or so i'm told. but that's not the only trick up their sleeve. - it's a lot of fine print. it's overwhelming. - maybe you make an underpayment one month, and they pyramid your fees until you don't notice. - if you end up defaulting, your wages can be garnished. they can come in and just say, nope. we're taking 15% of your wages without any sort of due process at all. they do the same thing with social security. - so if you're a teenager signing the papers, why don't you listen to the adults in the room who were there to guide you? remember your guidance cou...

There's a whole series of gimmicks played in the industry that attempt to cloud what the actual picture looks like. - the lenders become very creative in how they can inflate a loan. - what they do is, they give you the teaser rate to start. it's artificially low. - that's right. college lenders are using the classic "first one's free" move, used on everything from streaming services to cocaine-- or so i'm told. but that's not the only trick up their sleeve. - it's a lot of fine print. it's overwhelming. - maybe you make an underpayment one month, and they pyramid your fees until you don't not...