I think we should have to ability to determine the rate at which we want to power down. There should be an option for bi-weekly, monthly, quarterly, annually, etc. for the 1% amount. Or they could reduce the rate of each payment. Instead of default 1%, the max could be 1% with the ability to pick 0.5% , 0.25% or 0.1% rate for the monthly amounts. This would give people the convenience of having their payment amounts be at a size and time schedule that they want without having to constantly power up and down.
