College tuition, expenses and student debt have been steadily on the rise nationwide. Nearly 60 percent of all of our Maryland college students are graduating with thousands of dollars in student debt. To be exact, college debt is now estimated to be $1.48 trillion nationwide and the average debt in Maryland is $27,455 per student.…
Bloomberg/Dubai Bahrains foreign-exchange reserves gained 22% in June to the highest level this year, a temporary relief for the cash-strapped kingdom as it awaits a much-anticipated bailout from its wealthy neighbours.Reserves climbed to 818.1mn dinars ($2.17bn) in June from 668.6mn dinars in May, according to data from the central bank. The regulator didnt explain the…
WE’VE all heard of the benefits of refinancing to get a better deal on your home loan, particularly a more competitive interest rate. But what if refinancing could also help you buy an investment property? “Borrowers may be able to refinance their existing home loan to access equity they may have built in their property,…
WE’VE all heard of the benefits of refinancing to get a better deal on your home loan, particularly a more competitive interest rate. But what if refinancing could also help you buy an investment property? “Borrowers may be able to refinance their existing home loan to access equity they may have built in their property,…
WE’VE all heard of the benefits of refinancing to get a better deal on your home loan, particularly a more competitive interest rate. But what if refinancing could also help you buy an investment property? “Borrowers may be able to refinance their existing home loan to access equity they may have built in their property,…
Investors in the $1.6bn Abraaj Group fund have hired advisory firm Alvarez & Marsal to help recover money owed by the troubled Middle Eastern private equity firm. The New York-based company will represent Abraaj Private Equity Fund IVs backers in talks with liquidators as they seek to recover more than $99 million owed by the…
When you count up how much money you have saved for retirement, do you factor your debt into the calculation? Coming to terms with debt has become a major part of retirement planning. A study released earlier this year by the Employee Benefit Research Institute (EBRI) found that debt levels among older Americans have grown…
Investors in a $1.6 billion-Abraaj Group fund have hired advisory firm Alvarez & Marsal Holdings to help recover money owed by the floundering Middle Eastern private equity firm, people with knowledge of the matter said. The New York-based company will represent Abraaj Private Equity Fund IVs backers in talks with liquidators as they seek to…
Debt-free is the new American dream (Source: Shutterstock) According to the latest data from the NY Fed, total consumer debt is now at an all time high of $13.2 trillion. That equates to an average of over $40,000 owed by every single American across mortgages, student loans, auto loans, and credit cards. So much debt…
Student debt is a $1.48 trillion burden that financially hobbles millions of Americans, especially young ones, as they try to save for retirement and make major purchases likes homes or cars. But a nascent movement is underway in some corners of Corporate America to help workers carrying that burden. For instance, Abbott Laboratories plans next month…