A study of student loans and their relation to higher educational finance

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Monograph

Identifikator:: 1028402236

URN:: urn:nbn:de:zbw-retromon-41825

Document type:: Monograph

Author:: Chassee, Leo Jeannot

Title:: A study of student loans and their relation to higher educational finance

Place of publication:: New York

Publisher:: Harmon Foundation, Inc.

Year of publication:: 1925

Scope:: 1 Online-Ressource (170 Seiten)

Digitisation:: 2018

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Their Relation to Higher Educational Finance 145 5. (Second interest notice frorn Harmon Foundation to borrower) Mr. John Doe 140 Nassau Street New York, N. Y. My Dear Mr. Doe: You have already been notified that \ve have not received the first payment on the accrued interest of your loan contract which was due December Ist. Up to the present time we have neither received your remittance nor the courtesy of a reply to our letter, although you promised when making application for a loan that you would answer promptly all letters relating to the Obligation as long as any part of the account remained unpaid. We cannot understand your neglect, especially since your contract provides that if on account of illness or loss of employment you cannot pay an installment, you may request an extension of time by writing to the Harmon Foundation ten days before the payment becomes due. No banking Organization would keep your account open unless you gave some indication of your good faith. The Harmon Foundation has the same relationship toward you that a bank would have. We shall expect payment of at least part of your account immediately. Very truly yours, Division of Student Loans

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