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"Switch to repayment now," advises Hollingworth.
"We don't feel there's any jeopardy with regard to repayment".
■ Switching to repayment This is ideal but the jump in payments can be frightening.
I recently wanted to change my mortgage from interest only to repayment.
He said he had lent the man some money, and the album and the baseball cards amounted to repayment.
"I think right now they are on a path to sustainability, a path to repayment," Mr. Alvarez told the panel.
If the borrower makes less than $30,000 a year, that year's payment may be deferred, up to a total of 15 years from loan to repayment.
Citi, for instance, had to swallow $6.2 billion in after-tax charges related to repayment of its federal bail-out funds.
You have to keep blowing on it".If managed properly, however, it should not do too much damage to "repayment ethics", he says.
One serious consequence is that young women devote a larger share of their earnings to repayment of their college loans, even though they borrowed about the same amount.
But with a spate of charges including £136m relating to repayment to the UK government for overcharging on a tagging contract knocked profits back to £56m, down 85%.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com