The Latest Loan News and Information

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Why Federal Student Loan Exit Counseling Matters

When it’s time to begin repaying your federal student loans, you’ll take a short course on how to prepare for and start making monthly payments called student loan exit counseling. It’s a 20- to 30-mi ...

Looming end to student loan payment moratorium raises fears among defaulted borrowers

The federal government is poised to resume garnishing the wages of hundreds of thousands of people in default on their federal student loans, in the middle of a pandemic that has thrown already ...

From extended jobless benefits to student loan reprieve, COVID-19 relief set to fade at year's end

COVID-19 federal relief programs are set to expire at year's end if Congress and President Trump don't renew them. Jobless aid and an eviction ban are among the provisions going away.

A major Trump donor’s company got a 3 percent government-backed pandemic loan. It sells title loans at a 350 percent annual rate.

Wellshire used what consumer advocates describe as a loophole to a rule designed to prevent most lenders from qualifying for the Fed's Main Street pandemic-loan program.

Kenya Seeks $2.3 Billion Loan From IMF to Boost Recovery

Kenya is seeking a loan of as much as $2.3 billion from the International Monetary Fund under the lender’s extended fund facility.

5 student loan refinancing mistakes to avoid

Borrowers can visit Credible to compare student loan refinancing rates from multiple lenders simultaneously. “There are multiple scenarios in which refinancing a student loan makes sense, but there ...

Piraeus Bank third quarter profit drops on higher loan-loss provisions

Piraeus Bank, one of Greece's four largest lenders, on Monday reported a sharp drop in third quarter profit compared to the previous quarter on the back of higher loan impairment provisions and weaker ...

Canceling student loan debt would be ineffective at boosting US economy, study shows

President-elect Joe Biden is facing growing pressure to erase student loan debt on his first day in office as part of a broader coronavirus relief effort – but doing so may be an ineffective way to ...

Couture starts construction in January with HUD guarantee for $103.5M loan

Federal officials have approved a guarantee to back $103.5 million in private lending for the Couture high-rise at the downtown Milwaukee lakefront, setting up an expected start of construction in ...

Kenya seeks $2.3 billion loan from the IMF, Treasury says

Kenya is discussing a $2.3 billion lending programme with the International Monetary Fund for budgetary support, the finance ministry told Reuters on Monday. NAIROBI, Nov 23 (Reuters) - Kenya is ...

Developer nets $52 million loan for major overhaul of RTP office portfolio

A Boston-based developer is adding to its life sciences portfolio boom after landing a $52 million loan to convert an office park in RTP into lab space.

Croatia in Talks With Banks Over $500m Swiss Franc-Loan Lawsuit

Croatia is in talks with European banks to settle lawsuits for more than $500 million in damages tied the conversion of Swiss franc-loans, four people with knowledge of the matter said.