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A Proposal to Radically Simplify Student Loan Payments

March 24, 2014 /

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The MDT Disadvantaged Business Enterprise (DBE) Program encourages and supports the participation of companies owned and controlled by socially and economically disadvantaged individuals in transportation contracts.

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

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Big Sky Commerce is an integrated provider of merchant credit card transaction processing services, check processing services, Internet payment gateways, related software application products and value-added services.

The Kalispell Chamber of Commerce is the longest-standing and leading advocate for the Flathead Valley community and business climate.

Bozeman is a rapidly growing city with a high quality of life in part due to the easy access to the outdoors, burgeoning tech industry, and cultural experiences it offers.
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