In return the clubs received a set scheduleofpayments based on performance as well as the right to gate money and their usual game-day commercial activities.
As a result, the cardmembers can schedule their payments accordingly leading to either (i) sooner settlement of loans in case of an impending rise in rates, or (ii) a delayed settlement of loans in case of a decline in interest rates.
So my administration has tried to do our part by making sure that the student loan program puts students before banks, by increasing aid like the Pell grants for millions of students and their families, and by allowing students to cap their monthly loan payments at 10 percent of their income, which means that their repayment schedule is manageable.