On the recordJuly 10, 2013
I think what they are referring to--and I might have misunderstood, but I think I am accurate on this. Everyone will take the loans for the longest period of time, and I just got out of school so I want the smallest payment. Four or five years out I have a better job. Instead of paying $150 a month, I can afford to pay $300 or $400. There is no penalty for me to shorten that, as it would be in a conventional market. Is that how the Senator understands it?
Source
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