By YOUNG MONEY Staff
16 June 2010
The U.S. Department of Education recently proposed a number of rules regarding college recruitment and student aid and is now taking comments on them.
According to the proposed regulations, the department will be more empowered to enforce actions against institutions that misrepresent the programs they offer to students. During recent hearings, officials heard from students who said they were mislead on a number of issues, including how their education would be paid for and what was actually being provided in terms of learning.
Students also said they felt as though certain institutions weren’t clear on what their prospects were for upon the completion of the programs offered.
“We share a goal of ensuring that all Americans get the education and training needed to find meaningful and rewarding work,” Education Secretary Arnie Duncan said. Read the full post
College, Rules College
Mortgage modifications may be offered to those who didn’t qualify under federal programs
Homeowners that are ineligible to receive a mortgage modification loan under the federal Home Affordable Modification Program may receive some aid if their mortgage loan is held by Fannie Mae or Freddie Mac, according to Housing Watch.
Distressed homeowners whose monthly mortgage payments are less than 31 percent of their income may be disappointed to find that they may not qualify for a modification under HAMP. However, Fannie Mae and Freddie Mac may offer modifications that reduce interest and deferred fees, though they will not cut the principal balance owed, Housing Watch reports. Read the full post
Have you heard of the concept of consolidation of school loans. But you know what that means? If you pay the time to care, and how to get to school to pay student loans with high interest rates, a brief, you should consider loan consolidation.
If you’re interested, read on. This article gives some information about school loan consolidation, what it can do for you, and where and how you can request.
> Student Loan Consolidation
What you can do for you?
Here are some benefits of loan consolidation. After the completion of the consolidation loan can really help relieve the repayment. It is to bring together all student loans into one single loan with one creditor and one repayment plan.
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Loan, School Loan
When one goes for a loan to anyone be it an individual creditor or bank or some other financial institution the first and foremost requirement from all of them is a good credit history. But all are not so lucky to have a good one then what’s the way out? For them unsecured bad credit loan is a good news for them. By opting this kind of debt scheme one can not only avail the urgently required cash but he or she can also rebuild his weak credit history. The best part about this loan is that anyone, be it a homeowner or a tenant, can go for it. The rate of interest in these loans is quiet higher than others but that’s worth it, because here you need not to submit any collateral or security against the funds.
In UK having a bad credit is not a standing out of the crowd thing. Acc
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Credit, Credit Loans
A leading Australian economist says he believes that interest rates will continue to rise over the coming year, and that the trend of tightening interest rates is proof of a robust economy.
Chris Richardson, director of consultancy Access Economics, says that last week’s unemployment data were a testament to the strength of the Australian economy, but also meant that interest rates were likely to rise.
Mr. R
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Interest Rates, Year
Offers for credit cards were up during the first three months of this year.
During the recession, and even after, many lenders may have become more resistant to offering consumers loans, whether they were in the form of mortgages or credit cards.
Given some of the credit difficulties the country faced – rising credit card default and home loan foreclosure rates, for example – lenders tried to reduce their risks by being more careful to whom they gave money. Read the full post
Credit Cards, First