News

A Proposal to Radically Simplify Student Loan Payments

March 24, 2014 /

MATR Sponsor (view all)


Working to create a clean and balanced energy portfolio that will provide for a safe and reliable energy future. Learn more at http://www.NorthWesternEnergy.com/BrightFuture

The plan would change the default payment option from the standard 10-year term to a repayment schedule that’s tied to a percentage of the borrower’s income and eventually forgives the remaining balance after a certain period of time. It also suggests the payments be automatically deducted from a borrower’s paycheck, similar to the way Social Security is collected, an idea championed last year by Representative Tom Petri, a Republican from Wisconsin.

By Karen Weise

Full Story: http://www.businessweek.com/articles/2014-03-24/student-loan-payments-can-be-simplified-reform-advocates-say#r=hp-ls

MATR Supporters (view all)


Big Sky EDA- Building Businesses and Creating Jobs in the Greater Billings, Montana area

SBA 504 Loans offered statewide! Real estate and equipment, acquisitions, renovation, and new construction. Low, fixed-rates up to 25 years with as little as 10% down.

For over 25 years, Montana World Trade Center® has served Montana as a trusted business adviser.
Posted in:

Sorry, we couldn't find any posts. Please try a different search.

Leave a Comment

You must be logged in to post a comment.