Payments on federal student loans are set to kick back in for roughly 37 million borrowers in just over a month. But with the May 1 end of the payment pause rapidly approaching, signals have been mixed on whether that deadline will be extended, leaving millions of borrowers in limbo with financial preparations. Payments on… Read More »
The Biden administration has identified 100,000 borrowers that now qualify for $6.2 billion worth of debt relief under a popular student loan forgiveness program. (iStock) The Department of Education confirmed Wednesday that 100,000 borrowers are now eligible for $6.2 billion worth of student loan forgiveness through a program benefiting public service workers. Under the Public… Read More »
Chinese lenders are imposing even more stringent collateral requirements on low-income country borrowers than previously known as they seek to hedge risks from their extensive overseas development finance programme. Under a $200mn loan from China Eximbank for the expansion and modernisation of Entebbe airport, the Ugandan government is required to channel all revenue from the… Read More »
It’s been almost two years since most borrowers have had to pay their monthly student loan bill. And yet, 93% of them are not prepared to resume payments on May 1, according to a survey of more than 23,000 student loan borrowers by the Student Debt Crisis Center. “The payment pause has meant everything,” said… Read More »
NEW YORK, Jan. 20, 2022 /PRNewswire/ — Even Financial (“Even”), the category-leading embedded finance marketplace, and LoansCanada.ca (“Loans Canada”), the leading loan comparison site in Canada, have announced a strategic partnership to help Canadian borrowers find optimal loans and credit solutions. “As the online financial services ecosystem continues to grow rapidly in both the US… Read More »
A record one-third of US loans sold to investors this year came from companies that borrowed more than financial watchdogs recommend, raising concerns over rising reliance on corporate credit that could exacerbate an economic downturn. By the end of November, 33 per cent of the 954 US leveraged loans issued in 2021 so far had… Read More »