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Student Lenders Are Pressed to Ease Terms

July 26, 2013

Companies that make student loans are coming under new pressure from regulators to lower payments for borrowers who are unemployed or face other tough circumstances.

Companies that make student loans are coming under new pressure from regulators to lower payments for borrowers who are unemployed or face other tough circumstances. On Thursday, the Federal Deposit Insurance Corp., the Federal Reserve and the Office of the Comptroller of the Currency urged private student lenders to ease the burden on borrowers by working out more flexible repayment terms, such as postponing payments, reducing interest rates and allowing lower payments over a longer period.

Author: Wall Street Journal (07/26/13) Mitchell, Josh

Source: "Student Lenders Are Pressed to Ease Terms"

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