The phrase "youngest borrower" refers to the person who is the least old and takes out a loan or borrows money from someone or an institution. Full definition
For older borrowers who rely on student loans to finance their own education, government statistics show their default rate is much higher than that of younger borrowers. (us.beyondbullsandbears.com)
This can be difficult for young borrowers who simply don't have the credit history built yet. (thecollegeinvestor.com)
This newer mortgage lender employs alternative credit scoring methods to provide home financing for young borrowers who may be overlooked by lenders who use traditional underwriting standards. (valuepenguin.com)