Saturday, May 11, 2013

Elizabeth Warren Bill, S 987 inches the student load debt discussion in between too high interest rates and Debt Suspension Rights, aka, a compromise.

However, I wonder what percent of the loan needs to paid back every month. Should it be a higher amount since the interest rate will be so low?

If the monthly minimum payment rises because the interest rate is so low, than the number of defaults may remain the same, and that could result in a backfire in which the financial section says..."See, I told you they (the students) would default anyways!"

Of course, if the student has no way to suspend this loan, than it may probably backfire.

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