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Student loan borrowers with high debts aren't making progress repaying them
MarketWatch
The share of student loan borrowers owing more than $50,000 jumped from just 2% in 1990 to 17% by 2014, according to a new paper published by The Brookings Institution. The paper, authored by Adam Looney, a former Treasury Department official and ...



Forbes

Taxpayers May Lose On High-Balance Student Loans
Forbes
Just 14% of all federal student loan borrowers have balances above $50,000, and the majority of those individuals borrowed to pursue expensive graduate degrees. Despite their relative rarity, high-balance borrowers deserve our attention for the risk ...

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The Detroit News

Car-loan rates expected to rise
The Detroit News
Washington — Concern about potential inflation in the U.S. economy has sparked concern that auto-loan interest rates could spike at a time when domestic car sales have already been sluggish. The Federal Reserve raised the interest rate that banks ...



Delmarva Daily Times

Sussex County approves $1.5M sports center loan by 1 vote
Delmarva Daily Times
The Sussex County Council has approved a loan to help fund the Sussex County Sports Center. The loan was approved 3-2, with councilmen Sam Wilson and Rob Arlett voting against it. "At this point in the game, I think this is a great private-public ...
Sussex County Council Approves $1.5 Million Loan for Sports ComplexWBOC TV 16

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Wall Street Journal

Judge grants $300M loan for Puerto Rico power company
ABC News
A federal judge on Monday approved a $300 million loan for Puerto Rico's power company that officials say will help keep the troubled agency operating until late March. The ruling comes just days after the judge had rejected an initial $1 billion loan ...
Federal Judge Approves $300 Million Loan for Puerto Rico UtilityWall Street Journal

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Sears Hometown and Outlet Stores, Inc. Announces $40 Million Term Loan
GlobeNewswire (press release)
HOFFMAN ESTATES, IL, Feb. 20, 2018 (GLOBE NEWSWIRE) -- Sears Hometown and Outlet Stores, Inc. (“SHO,” “our,” “we,” or the “Company”) (NASDAQ:SHOS) today announced that its three operating subsidiaries, Sears Authorized Hometown Stores, LLC, Sears Home ...

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Opinion: Social Security is the wrong way to finance student loan debt and parental leave
MarketWatch
Recently two proposals have emerged that would essentially allow individuals to tap Social Security today in exchange for lower benefits in the future. The first was Congressman Tom Garrett's (R-Va.) Student Security Act of 2017, which would allow ...

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Atlanta Journal Constitution

Put that pen down: Why baby boomers should not co-sign college loans
Atlanta Journal Constitution
With Reuters describing millennials as facing the greatest risk among all U.S. age groups for defaulting on their loans in 2017, that danger is real. So is the possibility of a reduced income for baby boomers who've co-signed those loans, Campbell ...



Wall Street Journal

HSBC Misses Profit Target as Bad Loan Charges Weigh on Results
Wall Street Journal
Debt related to South African retailer Steinhoff International Holdings NV and U.K. services and construction company Carillion PLC helped push the bank's bad loan charges to $1.77 billion for the year, more than expected. Steinhoff announced in ...

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The Diplomat

The Unequal Fates of Big and Small Loan Defaulters in India
The Diplomat
India's largest-ever banking fraud scandal has sent waves across the country, even as many are yet unable to comprehend its sheer scale. Through close ties with bank officials and an international clout of influence, two jewelers swindled nearly 113 ...
Punjab National Bank branch closed, three more arrested in India's biggest loan fraudABC Online

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