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