Loan

‘He has to go much further’

Andreas Milano 2 months ago

House and Senate Democrats on Thursday ramped up their pressure on President Biden to bypass Congress and unilaterally cancel $50,000 in student loan debt for millions of Americans.

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A group of progressive lawmakers, including Sens. Chuck Schumer, D-N.Y., and Elizabeth Warren, D-Mass., as well as Reps. Ayanna Pressley, D-Mass., Ilhan Omar, D-Minn., Vernon Jones, D-Ga., and Alma Adams, D-N.C., introduced a resolution calling on Biden to erase student loan debt via executive order.

“President Biden has taken some good steps in the direction of student debt, but we think he has to go much further,” Schumer, the Senate

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Student loan refinancing rates down again to new record low

Andreas Milano 2 months ago

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders, all opinions are our own.

Borrowers with excellent credit seeking to refinance student loans through the Credible marketplace saw average rates on 10-year fixed-rate loans fall to a new record low of 3.82% during January 2021. (iStock)

Many borrowers seeking to refinance student loans in January 2021 locked in record low rates on 10-year fixed-rate loans offered by lenders competing

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PPP loan forgiveness for small businesses: What’s eligible, when and how to apply

Andreas Milano 2 months ago

This article is reprinted by permission from NerdWallet. 

The Paycheck Protection Program provides fully forgivable loans to small businesses struggling through the coronavirus pandemic. But applying for that forgiveness can be daunting, especially for business owners who have limited resources at their disposal.

We’ve put together a guide to help business owners better understand the PPP loan forgiveness process.

Requirements for PPP loan forgiveness

Loan forgiveness requirements are the same for first- and second-draw PPP loans. To receive full loan forgiveness, you need to maintain staffing and compensation levels during the covered period.

Related: How to apply for

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Education Dept. orders Navient to refund $22.3 million in decade-old student loan scandal

Andreas Milano 2 months ago

Investigators recommended in 2013 that the department have Sallie Mae return the estimated $22.3 million owed, but the company denied any wrongdoing. Navient, which assumed Sallie Mae’s liabilities when the companies parted ways, continued to fight the audit and appealed to the Trump administration.

Zais, who took over when Education Secretary Betsy DeVos resigned last month, has held the company liable to repay the money.

Navient spokesman Paul Hartwick said the company is assessing its options in the wake of the decision.

“We are disappointed with this ruling because we believe these practices were consistent with Department of Education guidance,

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Republican Stimulus Plan Provides Nothing For Student Loan Borrowers

Andreas Milano 2 months ago

Senate Republicans have unveiled a new stimulus proposal to counter the plan offered by President Biden and congressional Democrats. And student loan borrowers are left out, again.

The pared-down proposal — which totals

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Welsh Rugby Union seek to renegotiate loan

Andreas Milano 2 months ago
Steve Phillips was the Welsh Rugby Union’s group finance director before succeeding Martyn Phillips as chief executive

Chief executive Steve Phillips says the Welsh Rugby Union (WRU) are looking to renegotiate more favourable terms on their coronavirus support loan.

The WRU took out the loan in 2020 under the Coronavirus Large Business Interruption Loan Scheme (CLBILS).

The loan was to enable Wales’ four professional teams to avoid financial collapse during the pandemic.

Phillips says better terms will allow the regions to “not only consolidate but remain competitive”.

Welsh rugby has received a £13.5m grant from the Welsh government as part

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