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Traverse City Record Eagle

Group looks to reap loan support
Traverse City Record Eagle
Young hopes Grand Traverse County Commissioners give serious consideration to his company's request for a loan to bolster that work. Commissioners are expected to consider a Food For Thought application for a $245,000 loan through the state Community ...



Inside Higher Ed

Bankruptcy Standards Get New Scrutiny
Inside Higher Ed
The Department of Education signaled Monday that it is interested in tweaking the standards used for determining whether student loan debt can be discharged in bankruptcy. That could point to an opening for potential bipartisan cooperation between the ...

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Student loan borrowers with high debts aren't making progress repaying them
MarketWatch
The share of student loan borrowers owing more than $50,000 jumped from just 2% in 1990 to 17% by 2014, according to a new paper published by The Brookings Institution. The paper, authored by Adam Looney, a former Treasury Department official and ...



The Detroit News

Car-loan rates expected to rise
The Detroit News
Washington — Concern about potential inflation in the U.S. economy has sparked concern that auto-loan interest rates could spike at a time when domestic car sales have already been sluggish. The Federal Reserve raised the interest rate that banks ...



Above the Law

Law Firms Should Provide Student Loan Assistance To Their Associates
Above the Law
It seems obvious that law firms would have more reasons than most other employers to offer student loan assistance. Of course, attorneys borrow massive amount of student debt so that they have the credentials necessary to work at law firms. As a result ...



Forbes

Taxpayers May Lose On High-Balance Student Loans - Forbes
Forbes
Student loan borrowers who owe more than $50000 represent just 14% of borrowers but over half of outstanding balances.

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Bloomberg

Regional India Bank Recalls Perpetual Debt Amid Bad Loan Woe ...
Bloomberg
One of India's biggest regional lenders is recalling 15 billion rupees ($231 million) of perpetual bonds as it seeks to retire expensive debt and replenish its risk buffers. Mumbai-based Bank of Maharashtra will call back the notes on March 17, ahead ...
Regional Indian Bank To Recall Perpetual Debt Amid Bad Loan ...BloombergQuint

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Business Insider

A new app says it can save you $14000 in student loan interest costs with the spare change in your pocket
Business Insider
The cost of higher education has only climbed over the years, so it's no surprise that millions of people turn to student loans to finance at least a portion of that cost. According to the Federal Reserve, 53% of those who completed at least a bachelor ...

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Forbes

A New Study Says Business Loans Help Startups Grow. Personal Loans Don't
Forbes
Using data found in the Kauffman Firm Surveys, collected annually by the Kauffman Foundation from nearly 5,000 companies that began operating in 2004, the researchers have concluded that a company using a business bank loan to finance its start ...



STLtoday.com

Jailed over an unpaid car loan? ACLU says it's happening
STLtoday.com
Although the U.S. banned debtors' prisons nearly 200 years ago, some people who owe money are now being jailed for civil debts such as unpaid car loans, a new report says. Private debt collectors partner with some local courts and prosecutors' offices ...

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