Elaine Florentino, 23, graduated from Bentley University in 2014 with a degree in accounting and again in 2015 with a masters in taxation. Along with her two degrees, she took home about $57,000 in student loan debt. Florentino, who lives in Boston, Massachusetts with her 5-year-old son Elijah, is in a unique position when it…
Government agencies are cracking down on student debt relief scams. (iStock). A federal judge has approved a judgement order to shut down a student debt relief company that the Consumer Financial Protection Bureau has accused of illegally charging upfront fees before providing any services to unwitting borrowers. Student Loan Processing, which also operates as IrvineWebWorks, has 45 days to cease…
Argentina lawmakers back debt settlement deal 16 March 2016 From the section Latin America & Caribbean Image copyright EPA Image caption Protesters voiced their opposition to the deal outside Congress, but lawmakers voted in favour Argentina’s lower house of Congress has approved a repayment deal which aims to put an end to a 14-year battle…
Tweet Bonjour from Augusta, where thats about as far as Im going to go trying to dazzle you with my high school French (I can sing Frere Jacques, just for the record, but trust me you dont want to hear that. It is NOT your soundtrack). Today is Franco-American Day at the State House, which…
Image copyright EPA Image caption Protesters voiced their opposition to the deal outside Congress, but lawmakers voted in favour Argentina’s lower house of Congress has approved a repayment deal which aims to put an end to a 14-year battle with holdout creditors. After 20 hours of debate, a majority of 165 to 86 lawmakers voted…
Hamilton star and creator Lin-Manuel Miranda on Tuesday joined Democrats on Capitol Hill to call on Congress to pass legislation allowing Puerto Rico to declare bankruptcy amid its growing financial crisis. “It’s a solvable, fixable issue. What we really need is help, and what we really need is help from Congress,” Miranda said during a press conference. “If…
STATEN ISLAND, N.Y. — If homeowners can refinance their mortgage, why can’t college graduates refinance their tuition loans? Help could be on the way for college students and graduates burdened with tuition loan debt. A bill gathering support in Congress would allow students and graduates to do just that, and then-some, according to Sen. Charles…
HARTFORD, Conn. (WTNH) A new online student loan repayment guide has been created by several state agencies to assist Connecticut college students with repaying loans. The offices of Attorney General, Consumer Protection, and Banking gathered information the U.S. Department of Education and Consumer Finance Protection Bureau, among others, in creating the guide with the…
DelGrosso: “Our target is to break even by the fourth quarter; we’d like to do it faster than that.” A year after filing for Chapter 11 bankruptcy, Chassix Inc. is inching closer to fixing the plant that almost single-handedly sent the supplier into insolvency. The supplier’s Bristol, Ind., plant, which manufactures automotive die-cast and machined…
A new wave of debt restructuring all over Latin America is poised to drive dealmaking as many companies find no other way to obtain cash. Most of the transactions out there require credit and, whether you are an investor or a banker, either you figure out how to do that or you dont have a…