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it seems odd. my brother, hey, even if it s just on an envelope, something so a lot is later so you can come back and say hey, this is what we agreed upon. get the numbers right. this is what i m loaning, this is what i expect in return. miscommunication in terms of money could damage the relationship. how about a payment scandal? if you loan money, set up for success in terms of pay ago back. come up with a realistic repayment schedule. give them cheap repayment schedule, whatever you think they need to continue to make those payments. worst thing is dial that back. if they can t keep up with payments. monthly minimum if necessary? like a credit card, yes. absolutely. you mentioned financial planner. why would you bring one of those in the mix? occasionally if you re lending to children or younger family member, they may be struggling financially in ways
a different story. invest ors pulling out rapidly. a bear market for china. down 20%. here in the united states stocks futures are diving. the greek crisis is spreading around the world. it is 2% of europe s economy. also puerto rico is dangerously close to default. puerto rico. its governor says the island is near a quote death spiral. it is unable to pay its debts. the economy is shrinking. the economy in puerto rico has been in trouble in years. many have left the island to look for work elsewhere. now looking for help from creditors and extending repayment schedule. puerto rico in the backyard of the united states having difficulty. greece having difficulty. there are people who look at detroit and greece and puerto rico and they see this theme around the world of governments
my mother was able to raise two kids by herself while still going to college and getting an advanced degree because she was able to get grants and work study. that s while she was in school. michelle and i are only here today because of scholarships and student loans that gave us a good shot at a great education. and it wasn t easy to pay off these loans, but it sure wasn t as hard as it is for a lot of kids today. so my administration has tried to do our part by making sure that the student loans program puts students before banks by increasing aid for millions of students and their families and by allowing students to cap their monthly loan payments at 10% of their income. which means that their repayment schedule is manageable. congress still needs to do its part by first of all, keeping
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