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The idea has gained support from a range of sources, including grants and investors who help provide the initial capital for launches in new cities.
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Most deferments are not automatic, and you will need to submit a request for deferment to your student loan provider.
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It's important to understand the interest rate that you will be charged, and how your repayment term will affect how much you will have to pay.
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See Clarity Services, Finding the Silver Lining in Regulatory Storm Clouds: Consumer Behavior and Borrowing Capacity in the New Payday Market at 4, 9 [hereinafter Finding the Silver Lining in Regulatory Storm Clouds: Consumer Behavior and Borrowing Capacity in the New Payday Market], available at 580.
However, you may have to pay an annual fee for each year the line of credit stays open, regardless of whether you have an outstanding balance or not.
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