Susan Tompor Detroit Free Press Published 7:00 AM EDT Jul 10, 2019 Get a robocall lately from Jonathon or someone else saying that your student loans have been flagged for a student loan forgiveness program? "If you owe more than $10,000 and are not currently enrolled in school, you could qualify for a reduced monthly payment and a large portion of your balance to be forgiven," one caller said. "To redeem your spot in the program, it's important that you call me quickly." Nicole Cross, 43, heard a similar pitch last year that promised student loan debt relief. But instead of saving any money, she lost $750 in fees and saw no relief when it came to owing more than $70,000 in student loans. Cross, who lives in St. Clair Shores, said she has one bit of advice for people who are stressed out about their student loan debt and end up talking with someone offering student loan forgiveness. "The minute they say $250," she said, "hang up the … [Read more...] about Student loan forgiveness scam promises to cancel debt
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Erin Arvedlund Philadelphia Inquirer Published 5:07 PM EDT Mar 31, 2019 When it came to paying for college, Celeste Hernandez Revelli wishes she could go back in time — and tell her younger self to avoid all those mistakes. Revelli, 32, is now the director of financial planning at eMoney Advisor in Radnor, Pa., and she creates interactive plans for financial advisers to help their clients avoid the errors she made. To pay for college, her mother, a single parent trying to do the right thing, went to a local bank and took out a federal Parent Plus loan. “What we didn’t know was how much it would cost down the road,” said Revelli, who graduated from Loyola University in Maryland in 2008 with $90,000 in debt. Looking back, Revelli would have done things differently. “I would have researched all the options for college instead of loans — such as grants, scholarships, and financial aid. Or perhaps I should have gone to a community college for two … [Read more...] about How a couple paid off $150K in student loans early
Updated 6:17 am PST, Tuesday, February 5, 2019 FILE- In this June 15, 2018, file photo, twenty dollar bills are counted in North Andover, Mass. Default on your federal student loans and the government can take up to 15 percent of each paycheck to satisfy your debt. The Education Department can also withhold federal benefits like tax returns and Social Security payments. Garnishment is an effective tool to recoup unpaid loans, private collection agencies enlisted by the Education Department took in over $841.6 million via wage garnishment in the 2018 fiscal year, but it inflicts serious financial strain on borrowers who are already struggling. less FILE- In this June 15, 2018, file photo, twenty dollar bills are counted in North Andover, Mass. Default on your federal student loans and the government can take up to 15 percent of each paycheck to satisfy ... more Photo: Elise Amendola, AP … [Read more...] about Millennial Money: Student loan default can gut your paycheck
Rick Kelleher is a big, white-haired, crisply presented man who looks very much the way you’d expect a Boston Irish power broker to look. If you found yourself sitting next to him on a plane, you might notice how he kept the conversation flowing naturally and emphasized his points with the physicality of a great salesman, dramatically raising his eyebrows and cocking his head. On this morning, Kelleher is seated at a back table in the lobby restaurant of the elegant Boston Harbor Hotel, where the server knows exactly how he likes his house-smoked salmon. He carries himself as if he owns the place, and, in a way, he does. Related Links New England’s smallest colleges are struggling Former Mount Ida students sue, accusing college leaders of fraud The college debt crisis is even worse than you think Sitting across the table is a man who is also in his late 60s but who cuts a very different figure. Kumble Subbaswamy — unassuming, of slight build, with … [Read more...] about ‘ZooMass’ no more. Is turning UMass Amherst into an elite university needed?
Thanh Thanh Cong Investment acquires 35 million SBT shares, lifting ownership to 32 per cent Thanh Thanh Cong Investment JSC has purchased 35 million shares in Thanh Thanh Cong - Bien Hoa JSC (SBT), lifting its ownership in the sugar manufacturer to 158.5 million shares, an equivalent of 32 per cent of SBT’s capital. The number fell short of its total registered purchase of 45 million shares. Shares in SBT were trading at around VND20,000-22,000 (US$0.90) on the Ho Chi Minh Stock Exchange during the purchasing time from November 16 to December 14, putting the deal value at more than VND750 billion ($32 million). Earlier in November, chairwoman of Thanh Thanh Cong Investment JSC Dang Huynh Uc My completed the purchase of 20 million shares of SBT, raising her stake to 10.6 per cent. The two shareholders have a combined stake of 42.6 per cent of the outstanding shares of SBT. In October, the company approved a plan to allow My and her affiliates to increase … [Read more...] about BUSINESS NEWS 20/12