Exact(19)
"The reason we have the loans is it enables us to support more students," she said.
The quality of the loans is critical, because those loans are the bank's earning assets.
Who is responsible for the loans is not always clear, and that's where everyone starts getting nervous.
Her mother, who co-signed on the loans, is taking out a life insurance policy on her daughter.
The underlying price of the loans is based on a financial measure called the dollar overnight swaps index, which has hovered close to zero for several years.
How many jobs were added or saved through the loans is also a crucial measure of the program's success or failure.
Similar(41)
The loans were cheap.
Besides, the loans are not without risk.
The loans were written down to zero.
The loans are for seven years.
The loans were quickly sold to investors.
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