Singling out the fact that federal student loans feature flexible repayment plans and loan modifications, the nation's top financial experts said that "high student-debt burdens may dampen consumption and could impact household demand for housing purchases in coming years, as heavily indebted and delinquent borrowers may be less able to access mortgage credit".
"Symbol" has its share of clunkers, like the logo design for KereKere (a chain of Australian restaurants named after the Fijian custom of "giving without expecting repayment," the book notes), featuring what looks like a cup from which hearts waft like steam.
Results from a laboratory experiment that embodies the main features of the repayment game are consistent with the theoretical predictions.
To be fair, Oakam's cashback feature does encourage borrowers to make repayments on time.
Hanging in the balance are the basic features of a mortgage loan: the interest rate and repayment period.
G.M. aired commercials featuring its chief executive, Edward E. Whitacre Jr., highlighting the loan repayment, but critics, including some members of Congress, accused the company of misleading consumers into thinking all $50 billion given to the company by the United States Treasury had been repaid.
FutureFuel.io, the company offering student loan payment management services as an employee benefit, is adding new features to make it easier for companies to manage the loan repayment process.
The site also offers a live chat feature, which connects users with counselors who can help answer questions about loans and repayment options.
"Pay As You Earn is featured on our federal loan servicing home page, and we provide [income-driven repayment] information multiple times in multiple ways: website, video, email, phone, letters, and web chat," said Patricia Nash Christel, a Sallie Mae spokeswoman.
