The U.S. Senate has stalled on adopting legislation on student loan interest rates, mirroring a similar partisan divide in the Alaska Legislature.Alaska Rep. Les Gara, D-Anchorage, said both governments need to do more to make education more affordable.”The second most crushing debt people have, behind their mortgage, is their student loan debt,” Gara said.He questioned why used car loans are .. more …
But he says many creditworthy borrowers are finding it difficult to get mortgage loans. He says small businesses that have used their homes as collateral for loans also face “challenging” conditions.In response to criticism that regulators have made it difficult to lend, Bernanke says the Fed is taking a “balanced approach” in supervising banks.Bernanke’s comments were prepared for delivery at a .. more …
In Dallas, Austin, San Antonio, Brownsville, Irving, Mesquite, Sachse, Richardson, Garland and Little Elm, city governments have passed zoning ordinances to limit the expansion of payday lending businesses in their cities.The ordinances come on the heels of 2011 regulations passed by the Legislature, which some city councils felt were not comprehensive enough. The recent state laws require payday .. more …
ALEXANDRIA, Va. , April 25, 2012 /PRNewswire/ — Pentagon Federal Credit Union (PenFed) announced today that for a limited-time only, when a PenFed member purchases their new or used car through PenFed’s Car Buying Service or Enterprise Car Sales , and then finances it with the credit union, they will receive a 1.49% APR promotional rate on their auto financing. This promotional rate is available .. more …
ALEXANDRIA, Va., April 18, 2012 /PRNewswire/ — If spring fever has you shopping around for a great deal on auto financing, then Pentagon Federal Credit Union (PenFed) is your ticket to drive. PenFed announced today that the credit union will continue to run its popular ‘Save Real Dollars” campaign for 1.99% APR auto financing on all new, used and external refinanced autos. For this campaign, the .. more …
President George W. Bush signed the “College Cost Reduction Act” in 2007, which reduced the interest rate of Subsidized Stafford Student Loans to 3.4%.A bill is now working its way through Congress to keep the interest rate at its current level. If Congress fails to act by July 1st, the interest rate will double, affecting millions of present and future college students, including some in .. more …
PROVIDENCE, R.I.–(BUSINESS WIRE)– RBS Citizens Financial Group, Inc. (RBSCFG) today announced the expansion of its student lending business and now is offering private student loans to college students across the 48 contiguous states. Eligible students must be enrolled at least half-time in a four-year undergraduate or graduate program. RBSCFG operates as Citizens Bank in New England and the .. more …
After June 30, students without a high school diploma or General Educational Development will no longer be eligible for federal financial aid and grants. Such students will not be able to apply for federal financial aid to attend any institution of higher education, according to Oklahoma City community College officials. What can those who do not have a high school diploma or a GED do? Consider .. more …
Lindsay Mayor Ed Murray said the City Council’s first look at its 2012-13 budget was a much better look than it had year ago when the city faced so many uncertainties.On Wednesday, the council looked at the revenue and capital projects portions of the budget. In June, it will look at the overall budget with adoption expected before July 1.”We’re in better shape,” Murray said of the .. more …
By Kay Lazar, Globe StaffEleven Massachusetts community health centers, which serve patients in some of the state’s poorest neighborhoods, will receive a total of nearly $34 million in grants under the federal health care law, officials announced Tuesday.The money, which is estimated to help the centers provide care to roughly 42,500 new patients, is also aimed at helping the centers expand their .. more …
