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It's great for us and for our borrowers because we're going to be able to help the millions of people that have no good credit options, or help them more quickly than we would have our own," says ZestFinance CEO Douglas Merrill.
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"If I run a clean shop," he said, "I get good terms from our warehouse lenders" -- wholesale lenders -- "so we can be more aggressive on rates for our good borrowers".
But PAYE doesn't save much for our hypothetical borrower's roommate, a Wall Street investment banker, whose larger income necessitates larger monthly payments.
We know that ChangEd is a tool that can help automate this smart financial decision for millions of our fellow borrowers without having to think about it.
What that means is we originate loans for our borrowers/clients on behalf of our relationships with life insurance companies, CMBS conduits, and other institutional lenders.
For some advocates for borrowers, the concept was all too simple.
That is the best hope for getting meaningful redress for borrowers.
"Delinquency is at crisis levels for borrowers, particularly for borrowers of color, borrowers who have gone to a for-profit and borrowers who didn't ultimately obtain a degree," she said.
They provide credit information for borrowers, particularly for millions of underbanked Americans, and higher repayment rates for lenders.
But what is bad news for savers is good news for borrowers, especially potential home buyers.
Lenders hungry for yield meet borrowers thirsting for social advancement.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com