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If borrowers make payments under the income-based plan, the balance on their loans is forgiven after 10 years.
But making sure our students get a far better deal on their loans is a crucial first step.
Any effort to help homeowners by forgiving some of their loans is said to create a moral hazard, rendering it politically toxic.
Even as Countrywide maintains that helping its borrowers modify their loans is its top priority, its investors have heard a slightly different story.
The Mets, whose deadline to repay some of their loans is approaching, may be worried about whether they can close all or some of the deals they have in place with prospective minority investors.
The process of persuading the banks, insurance companies and pension funds holding Greek debt to remain exposed after redeeming their loans is also an exacting task which could take weeks without any certainty of success.
Similar(45)
Four-fifths of their loans are non-performing.
Their loans are at ultra-low interest rates.
Most of their loans are managed by firms called servicers.
Their loans are sometimes backed by their stakes in other quoted companies.
Conservative estimates suggest that by the end of last year 20% of their loans were bad.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com