It has a 90 percent client-retention rate and a 99 percent repayment rate.
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The Department of Education said 48% of for-profit institutions failed to meet the 35% repayment rate for recent graduates.
They have a high repayment rate (over 98%) because of the due diligence Calvert does to vet each organization before they give a loan.
With a 99% repayment rate, Kiva lenders gain tremendous leverage.
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They have a statistically higher rate of repayment and tend to invest in viable businesses rather than spending frivolously.
Yet the high rate of repayment is the best evidence of affordability.
It seems to me that what should happen if the federal government should increase the amount available to students to borrow money directly from the federal government and repay at a lower interest rate and better repayment terms?
Within months, these loans were restructured, with a later repayment date and a lower interest rate.
Dr. ANDERSON: Well, by reducing the interest rate and easing the repayment terms, this legislation might well make bank lending for student aid less profitable.
But it is also because of the high rate of default on loans whose repayment always depended upon the whim of politicians.
By contrast, re-mortgaging a home simply means to take out a new loan equal to what is currently owed, but usually at a different interest rate and a different period of repayment.
Once the repayment method is decided, there are lots of individual rate choices.
Donner said the financial support deal will have an interest rate of 14% annually and will begin repayment in 30 equal monthly instalments after the seventh month of the closing date.
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Even when repayment rates are high, a microfinance institution may charge an interest rate too low to cover its overall costs or its costs of funds, thus making it more of a charity than a commercial enterprise.
The same is true of the assumption that the mortgage repayment will rise (it could be a longer-term fixed rate for example), or by how much - we have used the Standard Variable Rate (SVR), but the borrower may be using a mortgage which charges a different interest margin.
Cypriot Finance Minister Michalis Sarris arrived in Moscow on Tuesday to see if the repayment on that loan could be delayed until 2020, and whether the interest rate could be reduced.
If enough people can be declared eligible for so-called income-based repayment plans that reduce their monthly bills and even their principal, does it really matter what the official interest rate is?
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