What benefits can a bank get if it provide student with some financial services?

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What benefits can a bank get if it provide student with some financial services?

2007-11-23 02:20:17 · 3 answers · asked by Riz 1 in Business & Finance ➔ Personal Finance

3 answers

A loyal customer if they are their first bank. If they give student loans they can't be included in bankruptcy so will be paid.

2007-11-23 02:53:31 · answer #1 · answered by shipwreck 7 · 0⤊ 0⤋

Security. Banks love to provide things like credit cards or loans to college students. Mainly because if they get into trouble, they usually get their parents to help bail them out. This makes it a very safe proposition to them.

2007-11-23 02:28:10 · answer #2 · answered by Edward S 3 · 0⤊ 0⤋

a follow on customer that they hope will keep coming back for more loans!!!!

2007-11-26 05:57:40 · answer #3 · answered by mister ed 7 · 0⤊ 0⤋