August 11, 2009
Startup Company Offers Interest-Free Credit to Student-Loan Borrowers Facing Hardship
Starting this week, college students will be able to purchase an interest-free line of credit to help cover their student loan payments when they graduate.
To buy into the program, known as SafeStart, students will generally pay $40 to $60 for every $1,000 they borrow in federal student loans.
Borrowers who face financial hardship—defined as monthly debt payments totaling more than 10 percent of their adjusted gross
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