My Bad Experience of Applying Private Student Loan

I didn’t enter to local university to further my study last time, ... . At that time, I have to get the private student loan from bank because my family has financial problem ... ’t apply for private student loan and we borrowed some money from my mother’s sister. This is bad [more...]

Date: 2008-10-16 03:54:12

Blog posts (24) | Videos (40)
 

Increasingly Desperate Arguments Against Student Loan Reform

Newsweek has published a mini-debate (the “Student Loan Smackdown”) between for-profit bank representative John Dean and myself, on the subject of whether Congress should pass President Obama’s plan to redirect $87 billion in lucrative subsidies for for-profit banks to Pell grants and other worthy causes. [more...]

Date: 2009-09-29 13:58:57

How to Make Online Money without any Investment

I started out my home-based business when I was in college. I do not have money to invest on my business. I was also afraid to loan money from the bank because I had student loan already. So, I decided to make online money without investment, but by hard work. I think I am successful in marketing [more...]

Date: 2009-01-15 23:50:45

Student, Car Debt Quietly Added to Bailout Plan

Jeez! This country very well may be doomed beyond hope! This is not the time to be sneaky, and push even more expenses on the taxpayers ... its bailout plan to include buying student loans, car loans, credit card debt and any other “troubled” assets ... program to foreign banks with extensive loan operations in the United States, potentially added tens [more...]

Date: 2008-09-24 02:08:02

Paulson's New Program: Giving People Money They Can't Afford To Spend

The news is as old as the Magna Carta. The consumer is broke. He does not have a dime. He is out of work. He is defaulting on his home equity loan, and the bank has reposed his credit card. It may ... of auto loans, student loans and credit cards." The head of the Treasury is concerned that people [more...]

Date: 2008-11-25 10:50:07

Wall Street bailout plan to include more than bad mortgage debt: Feds to absorb unpaid bar bets, inadvertently laundered postage stamps, unredeemed soda cans and insufficient tooth-fairy disbursements

Totally absurd? Think twice: In the dark of night over the weekend when most people were snoozing, the Treasury dramatically expanded its bailout plan to include buying student loans, car loans ... in draft language that also opened the bailout program to foreign banks with extensive loan operations [more...]

Date: 2008-09-23 06:05:06

Wall Street Breakfast: Must-Know News

New acronym on the block... The government unveiled its newest initiative, called TALF, or Term Asset-Backed Securities Loan Facility. The $200B facility will support consumer finance, including student, auto and credit card loans ... Mac (FRE) and the Federal Home Loan Banks. According to the statement released by the Fed [more...]

Date: 2008-11-26 12:14:47

Bailout Gets More Costly Due to “Bipartisan” Deal; Foolish Limits on Foreclosure Should Be Removed

Liberal Congressional leaders have apparently reached a deal with the Bush Administration on the principal elements of a $700 billion bailout of the ... student loans, car loans, credit card debt and any other ‘troubled’ assets held by banks.” ... have stuck taxpayers with 100 percent of all losses on any bad loan or mortgage, but not the profits [more...]

Date: 2008-09-28 20:34:55

Student Loan Companies Agree to "Code of Conduct"

2008_09_stlean.jpg Attorney General Andrew Cuomo has made misleading practices in the student loan industry one of his major issues (see the AG's info on student lending), and yesterday he announced seven companies will follow a "code of conduct for their marketing". Campus Door, EduGap, GMAC Bank, Graduate Loan Associates, Nelnet [more...]

Date: 2008-09-10 14:00:11

BANKING ON THE FUTURE: YOU

What if students repaid loans with a percentage of their future earnings? ... to remove the risk of overwhelming debt for students and mitigate the social costs of trying to repay it. By gearing repayment to income, the contracts reduce those burdens sharply -- a student [more...]

Date: 2008-12-16 14:13:58

John Steel Gordon: A Short Banking History of the United States

Here’s an interesting read from this morning’s Wall Street Journal: A Short Banking History of the United States (free) ... and loan associations, mutual savings banks, and trust companies. While these were all banks, taking ... that is now playing out. I’m still a beginning student when it comes to financial history but I find it fascinating [more...]

Date: 2008-10-10 14:43:29

Bailout must be stopped

The trillion-dollar bailout of financial corporations and institutions must be stopped for a variety of reasons, ... snoozing, the Treasury dramatically expanded its bailout plan to include buying student loans, car ... included in draft language that also opened the bailout program to foreign banks with extensive loan [more...]

Date: 2008-09-24 11:28:20

Acquisitions Continue: Citi Buys Wachovia

October 3 update: Wells Fargo has stepped in and placed a better offer for Wachovia. Wachovia is my main brick-and-mortar bank ... against your stock gains for tax purposes. Wachovia mortgages and student loans will become Citi’s assets ... : ...Wachovia to Start Charging for Direct Access to Quicken: ...Wachovia Reaches for More Auto Loan [more...]

Date: 2008-10-01 12:00:26

Roland Burris is Blagojevich Senate Appointee

Roland Burris is the former Illinois Attorney General that Illinois Governor Rod R ... University Carbondale. He then was an exchange student and studied International Law at the University ... guaranteed loans and minority business banking. From 1973 to 1977, he was appointed by Illinois [more...]

Date: 2008-12-30 20:07:35

A "Key" Tactic to Undermine Consumer Protections

Yesterday at Higher Ed Watch, we wrote about how Key Bank has partnered with dozens of unlicensed and unaccredited trade schools to provide ... to regulations carrying out the law, the FTC said that by holding loan providers accountable ... in the private loan promissory notes it provides students [more...]

Date: 2008-12-11 22:00:00

September 2008 Net Worth

Well this month I decided to try something different.  It’s been a bad month all around.  Investments are down ... -$436,335.00 -$435,618.23 $716.77 -0.16% Student Loans -$21,250.00 -$21,250.00 $0.00 0.00% Total ... for it to hit the bank. I am also waiting for a $1500 from our roommate, we had to loan him money. Yes he’ [more...]

Date: 2008-10-01 12:00:41

Get Your Bailout With Two Easy Pages

So just how tough is it for a bank to apply for a bailout? Not very: WASHINGTON - Ever need a college loan? ... the five-page Uniform Residential Loan Application. But what if you’re a bank looking for a few ... bailout plan in need of more accountability and oversight. "When student lenders and mortgage [more...]

Date: 2008-12-16 07:24:55

Looking For a Loan?

Last week Fannie Mae and Freddie Mac, two of the largest mortgage supporters, ... the Stafford Student Loan, can be used for anything from books to tuition to housing. Rising gas prices make ... about our loan system. Freddie and Fannie were created by the government to make it easier for banks [more...]

Date: 2008-07-21 13:26:00

Sign Up For Online Banking - Now What?

A crucial reward of onling banking is the fact that you can construct your account to do payment automactically for some of your bills when they are due. Such payment may include utility bill payment, student loan, mortgage payment, etc. Pretty much all you have to perform is to set up the system and forget ... [more...]

Date: 2008-10-08 05:35:24

Jefferson had the Louisiana Purchase

A student alerts me to this story: Iceland for sale on eBay LONDON (Reuters) - Great scenery and wildlife but financial situation in need of repair -- collect in person. Iceland, which is going cap in hand to Russia for a 4 billion euro loan to bail out its failed banks [more...]

Date: 2008-10-10 20:56:13

Automaker Bailout? Sure. Bank Bailout? Let Us Get Back to You.

In America, everyone is equal. But some bailouts are apparently more equal than others ... industry at below-market prices. The $25 billion bailout loan to the automakers was signed ... interest rates, which intensifies the cash shortage. Still, every student of finance is familiar [more...]

Date: 2008-10-01 16:04:45

The banks change their tune on mortgage cramdowns. It's about time

In what strikes me as a pretty major change of heart, ... of the loan, or any combination of the three. "Cramdown" refers to the ability of judges to lower ... and Columbia economics graduate student Joshua Goodman gathered this evidence recently by taking advantage [more...]

Date: 2009-01-08 21:19:08

Fifth Third Bank Involved in Student Loan Scandal

Fifth Third Bank could potentially lose its right to participate in the Federal Family Education Loan Program, the Department of Education’s program that allows private banks to offer Stafford Loans and PLUS ... Student Loan XPress entered into eligible lender trustee agreements with three lenders: MSA Solution [more...]

Date: 2009-01-08 17:40:15

Small Business Administration - Financial Assistance

Our Fast Business Loan, unlike traditional bank loans, has less stringent requirements, faster approval, and no closing cost or fees ... Loans Business Loans Debt Consolidation Services Mortgage Loans Personal Loans Student Loans ... or for investment.Still, some investors in distressed debt, that a sign of a softening economy.That means every [more...]

Date: 2009-01-13 05:40:15

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