refugee resettlement loans

[darkoshi]

Faith-based groups earn millions on refugee loan commissions - whether that is somewhat unethical, I'm not sure. But I did find this part interesting:

The loans, which are interest-free and extended by the federal government, do not go directly to the refugees. Instead the loans are intended to cover the costs of bringing the refugees to the U.S. and can run up to $6,000 for a large family. Refugees are expected to repay the loans and, when they do, the government takes 75 percent, letting the agency have the other 25 percent.

and

Collectors assess no penalties for late payments, and they work with refugees to adjust timetables as needed. Most refugees take five or six years to pay off their loans.

So if I'm understanding that right, the government pays about 25% of the cost of resettling refugees. I wasn't aware of there being loans which the refugees have to pay back.

Comments

[randomdreams.livejournal.com]

I did not know any of this.