Income based repayment (IBR) has been championed as a way to reduce student loan defaults by...
Income based repayment (IBR) has been championed as a way to reduce student loan defaults by allowing repayment schedules to vary with a person's income. However, they have some potential economic consequences. Describe at least two potential problems with IBR.
Homework Answers
Income based repayment generally lead to credit risks for example loan repayment is tied to the income ability, however if person remains unemployed for long term the IBR is rendered inefficient and ineffective unless any collateral is mortgaged.
Secondly these plans come with high debt and high interest and could also have tax repurcussions making it ineffective.
Add Answer to:
Income based repayment (IBR) has been championed as a way to
reduce student loan defaults by...
Consider the following scenario: you've been assisting a student as a way of making some extra...
Consider the following scenario: you've been assisting a student as a way of making some extra money; however, the student in question refuses to really engage with you during the tutoring sessions and continues to fail the tests and assignments he has been given while you have been teaching him. In 150 words, tell me how you might go about writing a letter to his parents telling them that you will no longer be able to teach him. Please reply...
Senior management at Harriot Industries, an Italian-based fashion house and cosmetics company, have been engaged in...
Senior management at Harriot Industries, an Italian-based
fashion house and cosmetics company, have been engaged in a debate
around the best key financial measure relevant to evaluate the
performance of senior executives and divisional managers.
Currently, the performance of senior managers and divisional
managers is based on return on investment (ROI), which forms the
basis of the bonus payments, provided ROI increases are achieved
each year. The main source of tension seems to be that some of the
accounting staff...
Prepare the Income Statement Andy Fleming has been preparing his business's financial statements for the year ended 31 December 2017 The following balances have been extracted from the ledger acc...
Prepare the Income Statement
Andy Fleming has been preparing his business's financial statements for the year ended 31 December 2017 The following balances have been extracted from the ledger accounts at 31 December 2017 Bank loan Bank loan interest Cash at bank Carriage inwards Carriage outwards Commission received Drawings General expenses Inventory at 1 January 2017 Motor vehicles 18 400 645 391 1 056 637 845 17 885 12 470 11 730 35 600 16 500 62 450 3 620...
1. What is the rationale for making the bankruptcy discharge of student loans very difficult? 2....
1. What is the rationale for making the bankruptcy discharge of student loans very difficult? 2. Petitioner argued that she should be able to use a postdischarge event (the auto accident) as a basis for establishing that she could not maintain a “minimal” standard of living, and thus she should get a retroactive discharge of her student loans. What benefit is there to her if she could successfully make the argument, given that she could—as the court noted—file for Chapter...
Discussion Inventory Issue Assume a public company in the semiconductor industry that has been around for...
Discussion Inventory Issue Assume a public company in the semiconductor industry that has been around for a long time. They have some “slow moving” inventory, which has a cost of $150 million. It is material when compared to annual net income, and very material compared to quarterly results. Total inventory at the most recent quarter end was about $600 million. The inventory items in question are what this industry calls service inventory. Basically, it is spare parts that are not...
OPEN A DISCUSSION AND ASK QUESTIONS ACCORDING TO RESPONSE Classmates and Professor, This has been a...
OPEN A DISCUSSION AND ASK QUESTIONS ACCORDING TO RESPONSE Classmates and Professor, This has been a huge topic of discussion in Europe as well as around the world for the last two years. With the United Kingdom leaving the European Union there are many things to consider if you are a company trading with either of these groups. The UK might find that companies are hesitant to continue trading with them following the split, until the country has figured everything...
CASE SCENARIO: SALES DEALERSHIP DILEMMA Mark has recently been promoted to manager of a large car...
CASE SCENARIO: SALES DEALERSHIP DILEMMA Mark has recently been promoted to manager of a large car dealership. He is happy for the promotion and confident that he can succeed, however, in discussion with his wife, he admitted to experiencing stress due to the recent change and the demands of the new position. Late one afternoon, Gabrielle a newly recruited salesperson came to his office with a complaint about something she says really bothers her. Ever since her recruitment, she has...
You have been approached by your friend, also a TRU student, to explore business opportunities in...
You have been approached by your friend, also a TRU student, to explore business opportunities in tourism industry. The adventure guided tours are becoming increasingly popular in the province of British Columbia and your business plan will be based on organizing guided tours exploring Thompson Okanagan region. • After reviewing your notes from Financial Accounting course which you both took (and loved….) you decided that the best way to form a business will be to set up a corporation, registered...
BLADES, INC. CASE Consideration of Direct Foreign Investment For the last year, Blades, Inc., has been...
BLADES, INC. CASE Consideration of Direct Foreign Investment For the last year, Blades, Inc., has been exporting to Thailand in order to supplement its declining U.S. sales. Under the existing arrangement, Blades sells 180,000 pairs of roller blades annually to Entertainment Products, a Thai retailer, for a fixed price denominated in Thai baht. The agreement will last for another 2 years. Furthermore, to diversify internationally and to take advantage of an attractive offer by Jogs, Ltd., a British retailer, Blades...
MK is a 21 year old White female college student who has been bothered by a...
MK is a 21 year old White female college student who has been bothered by a cold for most of the semester. She has several colds a year but they usually do not last as long as this one. She presented with the usual symptoms: a sore throat, blocked sinuses, and a hacking cough with moderate quantities of slightly yellowish sputum. Two days ago, her cough was considerably worse. The sputum increase was purulent. MK also had a temperature of...
Senior management at Harriot Industries, an Italian-based
fashion house and cosmetics company, have been engaged in a debate
around the best key financial measure relevant to evaluate the
performance of senior executives and divisional managers.
Currently, the performance of senior managers and divisional
managers is based on return on investment (ROI), which forms the
basis of the bonus payments, provided ROI increases are achieved
each year. The main source of tension seems to be that some of the
accounting staff...
Prepare the Income Statement
Andy Fleming has been preparing his business's financial statements for the year ended 31 December 2017 The following balances have been extracted from the ledger accounts at 31 December 2017 Bank loan Bank loan interest Cash at bank Carriage inwards Carriage outwards Commission received Drawings General expenses Inventory at 1 January 2017 Motor vehicles 18 400 645 391 1 056 637 845 17 885 12 470 11 730 35 600 16 500 62 450 3 620...
Most questions answered within 3 hours.
-
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 21 minutes ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 1 hour ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 1 hour ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 3 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 3 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 4 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 5 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 5 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 5 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 6 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 6 hours ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 6 hours ago