Reducing Barriers to Entrepreneurship

Browse Ideas with tag 'loan deferments':

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  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 ...more »

  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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  6 comments for Idea: Entrepreneurial Deferment Loan Program

  Submitted by SUA Moderator 2 years ago

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  Student loan forgiveness for working in an LMI or HUBZone

  Problem: It is difficult for small businesses in LMI (Low and Moderate Income) and HubZone areas to hire recent college graduates. It is difficult for the recent graduates to afford to work for these businesses, particularly given high student loan payments. Solution: Provide loan forgiveness for recent graduates who go to work for a small business in an LMI or HubZone area. Benefit: Reduces loan burden for recent ...more »

  Problem: It is difficult for small businesses in LMI (Low and Moderate Income) and HubZone areas to hire recent college graduates. It is difficult for the recent graduates to afford to work for these businesses, particularly given high student loan payments.

  Solution: Provide loan forgiveness for recent graduates who go to work for a small business in an LMI or HubZone area.

  Benefit: Reduces loan burden for recent graduates. Attracts high quality, growth-oriented job applicants to LMI and HubZone areas. Provides entrepreneurs in those areas with the talent needed to grow and scale. Brings additional revenue to LMI and HubZone areas.

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  2 comments for Idea: Student loan forgiveness for working in an LMI or HUBZone

  Submitted by SUA Moderator 2 years ago

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