General

Entrepreneurial Deferment Loan Program

Problem: Student loan payments prevent many would-be entrepreneurs from being able to afford the attempt to be an entrepreneur.

 

Solution: Provide an "entrepreneurial deferment" loan program. In a deferment program, allow a recent graduate to make interest-only payments or defer all payments for some period of time, should they elect to pursue entrepreneurship. In order to continue the benefit beyond two years, the entrepreneur must provide evidence of job creation within the United States.

 

This would make it easier for would-be entrepreneurs to pursue entrepreneurship. Prevents "crushing" loan repayment requirements right out of school. Allows entrepreneur to take low income/high potential reward route, by freeing them from the burden of monthly payments.

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Idea No. 13