Tag Archives: Loan

The Education Department is cancelling $10.8 million in student loan debt for students at two shuttered schools

More than 1,500 former students at two shuttered schools will get a fresh start on their finances after the U.S. Department of Education said it will void their student loans. The department will cancel approximately 4,000 loans for ex-students at the Art Institute of Colorado and the Illinois Institute of Art, amid scrutiny from a Congressional committee and a class-action ... Read More »

Trump administration stymies release of salary, loan debt data from certain colleges, advocates say

Susan Goldman | Bloomberg | Getty Images File photo of an ITT Technical Institute campus in Anaheim, California. At a recent conference on financial aid, Education Secretary Betsy DeVos said that every school should help its students graduate with high-quality career prospects and little debt. Students should be equipped, she added, with information that allows them to be responsible consumers. ... Read More »

How to fund child’s education: Take a loan or use own funds?

Keeping your accumulated savings invested and taking an education loan instead can benefit you. Photo: Alamy Any big-ticket spending requires you to either have the required funds in place or a financing option. When dealing with long-term financial goals, such as higher education of children, you have the advantage of planning much in advance. Here’s how you can go about ... Read More »

Loan searches on the internet ‘may affect credit rating’

Individuals have been urged to take care over the effect on their credit rating when searching for loans. High Street bank TSB said some loan providers make a “hard mark” on credit files when someone asks for a loan price or quote. Personalised pricing means that, in effect, these people are seen to be applying for a loan. A series ... Read More »