New public, private and college-based programs are targeting a grim and growing market: unemployed college graduates who can't afford to repay their student loans.
This week, BridgeSpan Financial, a start-up based in Washington, D.C., introduced SafeStart, a product designed to protect borrowers from the risk of defaulting on their loans. For an upfront payment of $40 to $60 per $1,000 of student debt, SafeStart will provide an interest-free line of credit that borrowers can use to repay federal student loans for up to five years after graduation.
Education, politics, and anything else that catches my attention.
Sunday, August 16, 2009
Pay Off Your College Loans
I guess there's money to be made in this, or the company wouldn't do it:
You mean that someone in a free market saw that there was a problem and a way to possibly make money addressing that problem, so they did?!?! But that can't be! We all know that Capitalism is evil and out-dated.
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