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    • loan the FAQ

    How does the student loan payments work with financial aid?

    Apr 24, 2011 by Frosty | Posted in Financial Aid

    How does this work? The university charges a full tuition amount to a lender of student loans, but then how do they account for scholarships? Do they return the money of the scholarship back to the lender or do they just keep the scholarship amount in

    Your financial aid office is going to account for everything you qualify for.

    You should use your scholarships first, and then take out student loans to cover difference.

    As for scholarships, there should be no lenders.
    trh2000_2000 | Apr 26, 2011

    what happens when you take a personal loan from the bank?

    Apr 26, 2011 by Casey J | Posted in Personal Finance

    I want to borrow $10,000 from the bank for a car, and i was wondering how it works and how it takes money from my account ect.

    Personal loans are almost impossible to get unless you have collateral.

    Have you considered an auto loan instead of a personal loan?
    The interest rate will be much lower.
    Credit unions and small banks generally carry the best
    Shopper | Apr 26, 2011

    When is the deadline for applying for a student loan?

    Apr 23, 2011 by Sarah ♥ | Posted in Financial Aid

    I was wondering when the latest we can apply for a student loan is? I heard it's by the end of May, is that right?
    Thanks

    loan the news

    GOP blocks Senate debate on Dem student loan bill

    18.05.12

    Senate Republicans blocked a Democratic bill Tuesday to preserve low interest rates for millions of college students' loans, as the two parties engaged in election-year choreography aimed at showing each is the better protector of families in today's rugged economy.

    The 52-45 vote to begin debating the legislation fell eight votes short of the 60 needed to proceed and stalled work on an effort both parties expect will ultimately produce a compromise, probably soon. For now, each side is happy to use the stalemate to snipe at the other with campaign-ready talking points while they are gridlocked over how to cover the $6 billion cost.


    Source: BusinessWeek

    Ecometals Announces Short-Term Loan

    18.05.12 (Berlin:GDQ)(frankfurt:GDQ) (the "Company") announces that it has issued a promissory note to an arm's length individual to evidence a loan to the Company in the aggregate amount of US$242,000 (the "Loan"). The Loan is repayable on the earlier of (i) May 31, 2012, and (ii) the date on which Ecuador Capital Corporation ("ECC") deposits the sum of US$1,450,000 into escrow representing the final installment of the purchase price to be paid by ECC to the Company with respect to the purchase by ECC from the Company of the Condor Gold Project. The proceeds from the Loan are being used for working capital purposes.


    Source: MarketWatch (press release)

    BofA initiates home loan modification offers

    18.05.12

    Homeowners with a Bank of America mortgage have good reason to check their mailbox.

    The lender said Tuesday it has begun mailing out letters to customers who may qualify to have their home loans reduced as part of a multistate settlement over alleged foreclosure abuses.

    The Charlotte, N.C.-based company estimates that more than 200,000 of its customers could potentially be in line for a reduction in the principal balance on their mortgage.


    Source: BusinessWeek

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    Mortgages: The ABCs Of Refinancing
    San Francisco Chronicle - Apr 27, 2011 Mortgages: The ABCs Of Refinancing Refinancing a mortgage means paying off an existing loan and replacing it with a new one. There are many common reasons why homeowners refinance: the opportunity to obtain a lower interest rate; the chance to shorten the term of their mortgage;

    China loans Turkmens $4 bn in exchange for gas
    BusinessWeek - Apr 27, 2011 China has agreed to loan energy-rich Turkmenistan $4.1 billion to help finance development of a vast natural gas field. Under a separate deal agreed Tuesday, the Central Asian nation committed to pay off its debts with gas deliveries to China.

    Demand for home loans rises in first quarter
    Irish Times - Apr 27, 2011 Demand for home loans rises in first quarter Banks were anticipating a mild increase during the second quarter of 2011 for loans to enterprises. The report said credit standards were largely unchanged during the first quarter of 2011, although more restrictive terms and conditions were reported

    Bradesco First-Quarter Profit Rises 28% as Brazil Loan Growth Accelerates
    Bloomberg - Apr 27, 2011 Total outstanding credit in Brazil surged 21 percent to 1.74 trillion reais in February from a year earlier as unemployment remained near a record low and salary gains fueled demand for corporate and consumer loans. The central bank forecasts credit

    GOP members want to cotinue state crackdown on pay-day loan industry
    Pierce County Herald - Apr 27, 2011 At least some of Wisconsin's majority Republicans want to continue the crackdown on the pay-day loan industry that was started by Democrats. MADISON - At least some of Wisconsin's majority Republicans want to continue the crackdown on the pay-day loan