"To take out a massive loan to work [on a placement] is not attractive.
To obtain the loan modification, Wells would have to either forgive or defer some of the loan principal in order for a loan to work at 2% interest over a 40-year term and not have the monthly payments, including insurance and property taxes, rise above 31% of the Archbishop's gross income.
He promised model housing to replace slums, rent subsidies for the poor and loans to turn working men into homeowners.
Are those student loans going to work with part-time students?
Having tax preparers recommending I.R.A.'s or loans seems to work.
Employees had a difficult time finding enough loans to make, said Tammy Weakley, who worked as a loan processor in the Pensacola office from 1995 to 1999.
Ms. Cooper said the team manager told her to "restructure" the loan to make it work.
The U.S. and the IMF should provide any necessary loans to make such a conversion work and work quickly.
"There are still a lot of bad loans we need to work through," said Mr. Brinkmann.
"I thought I understood how the loans were going to work when I started [college]," she said.
