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Loans News

Student loans creep up while unemployment soars among grads

College students graduating in 2009 in the United States carried on average $24,000 in education loan debt according to a recent report. This is up 6 percent from just a year earlier.

In the Media by Ken Wightman

Ontario to meet politicians to discuss tuition fees

Toronto - More than 40 Ontario medical students will be meeting with members from all three provincial parties Monday to discuss medical school tuition fees.

In the Media by KJ Mullins

100,000 U.K. families paying 825% interest on illegal loans

Research conducted by a provider of affordable housing in Southern and Eastern England has revealed that more than 100,000 families in the U.K. are paying interest rates averaging 825 percent on money they obtained from loan sharks to pay for Christmas.

In the Media by Chris Dade - 1 comment

GM begins to repay bailout loans

Washington -- General Motors Co. pays back $1 billion and $192 million respectively to U.S. and Canada. The automaker owes $52 billion, $6.7 billion of that figure is from TARP and $1.4 billion to Canada.

In the Media by Gordon K. Chan

China pledges $10 billion USD in loans to Africa

Chinese Premier Wen Jiabao met a group of African leaders at a forum Sunday in Sharm el-Sheikh, Egypt, to discuss another round of aid after the $5 billion USD China has offered in the past three years.

In the Media by Wang Fangqing - 1 comment

India to Receive $4.3 Billion Loan from World Bank

The World Bank has approved a loan to India worth $4.3 billion that will help the country's economy recover from the global recession and encourage investment in the development of the infrastructure in the world's most populous democracy.

In the Media by Chris Dade

Congressmen ask Fannie, Freddie to ease lending laws

Despite the financial turmoil witnessed in the United States over the last year, two important Democratic lawmakers are asking Fannie Mae and Freddie Mac to ease lending laws.

In the Media by Matthew Moran - 1 comment

Credit Score Issues In The News

Credit scores are an important personal finance matter, affecting finances directly, such as in the availability and cost of credit, and indirectly, as when used by potential employers as an evaluation tool or by insurance companies in setting rates.

In the Media by Sharon Secor

Ottawa Will Guarantee Interbank Lending

The Canadian federal government has made a pledge to temporarily guarantee banks' medium and longer term borrowing in an attempt to keep pace with the multi-billion dollar financial rescues other countries offer.

In the Media by Bob Ewing - 2 comments

The Future Of America's Critical Jobs Under Fire As Assistance Programs Are Cut

Very few individuals can afford a full 4-year college degree, even working full-time. Former options were birth into a wealthy family or obtain a student loan. Now it looks like being born to a millionaire mom is the only way become educated.

In the Media by Nikki Weingartner - 4 comments

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