PM Modi In Dharamshala As BJP Completes 1 Year In Himachal: Highlights

PM Modi In Dharamshala As BJP Completes 1 Year In Himachal: Highlights

PM Modi addressing a public rally-Jan Aabhar Rally-in Dharamshala. New Delhi:  Prime Minister Narendra Modi was in Dharamshala in Himachal Pradesh to mark a year of the BJP government in the state. PM Modi addressed a public rally-Jan Aabhar Rally-in Dharamshala. PM Modi also released a booklet on the achievements of the BJP government in Himachal Pradesh. Meanwhile, the opposition Congress observed December 27-the first anniversary of the BJP government in Himachal Pradesh-as “Nikamma Diwas”. The Congress demanded appropriate action against the BJP government by handing over documents of “scams” and “failures” of the…

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A new study says an overwhelming majority of millennials want to be homeowners, but student loans are holding them back

A new study says an overwhelming majority of millennials want to be homeowners, but student loans are holding them back

For many millennials, the idea of homeownership is still a big picture dream, with a new study saying 89 percent plan to purchase a home in the future — but simply can’t because of student debt. According to a recent study released by Apartment List, 6,400 millennial renters nationwide were surveyed in regards to their plan for owning a home. Despite the majority of young people wanting to migrate away from renting, 48 percent have nothing saved for a down payment. One of the leading reasons, according to Apartment List,…

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In rare move, India’s top bad-debt buyer eyes consumer loans

In rare move, India’s top bad-debt buyer eyes consumer loans

While India’s soured debt is still among the biggest in the world, fresh bad loan formation for the top five banks has leveled off By Anurag Joshi and Saloni Shukla India’s massive pile of bad business debt has kept asset-reconstruction companies busy in recent years. But as signs emerge that the supply of such assets may be leveling off, the nation’s largest buyer of bad loans is considering a rare move to start purchasing soured consumer debt. Edelweiss Asset Reconstruction Co. is setting up a team for that and seeks…

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Student-Loan Debt Is Crushing Millennials

Student-Loan Debt Is Crushing Millennials

In their 2015 song “Stressed Out,” which got an astonishing 1.5 billion viewson YouTube, the band Twenty One Pilots had a line lamenting student loans. Atlantic writers Conor Friedersdorf and Megan Garber declared the song to be the anthem of the millennial generation. Many educated millennials would likely agree — since 2006, student debt has approximately doubled as a share of the economy: The increase seems to have paused in the past two years, possibly due to the economic recovery (which allows students and their families to pay more tuition out of current…

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Degree of Debt: How to pay off student loans faster

Degree of Debt: How to pay off student loans faster

Americans owe $1.5 trillion in student loan debt. The average student owes nearly $37,000 when they graduate from college. Shane King owed $36,000 when he graduated from Auburn. “Got down there and didn’t realize the cost of living,” King said. The GI Bill covered his tuition, but he still had living expenses to cover. He tried to work three jobs to provide for his family while going to school. He couldn’t keep up with work and his studies, so he took out a student loan. It was a low interest…

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How to Get or Refinance New Hampshire Student Loans

How to Get or Refinance New Hampshire Student Loans

New Hampshire has it all, from the beautiful beaches of Lake Winnipesaukee to world-class ski resorts at Mount Washington Valley. But New Hampshire also has student loans — lots of them. In fact, as of 2016, the state tied for the highest percentage of four-year college graduates with student debt in the country. Fortunately, students have a lot of options to secure financing for the Granite State’s colleges and universities, and so do graduates looking to refinance their New Hampshire student loans. This guide will help you understand the different…

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How This Navient Lawsuit Affects Your Student Loans

How This Navient Lawsuit Affects Your Student Loans

Members of the American Federation of Teachers, the second largest teachers union in the U.S., filed a lawsuit against Navient, one of the the nation’s largest student loan servicers. If you have a student loan, there is a good chance that it may be serviced by Navient. Navient, which spun off from Sallie Mae, has more than 12 million customers and services more than $300 billion of government and private student loans. Here’s what you need to know and the action you can take. Navient Lawsuit: The allegations The lawsuit alleges that Navient…

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California Will Be Fourth State to Sue Navient Over Student Loans

California Will Be Fourth State to Sue Navient Over Student Loans

The legal problems facing Navient, one of the nation’s largest student loan debt collectors, mounted on Thursday as California’s attorney general said he would file a lawsuit accusing the company of widespread deceptions and mistakes that cost borrowers millions of dollars. The accusations echo those in a major enforcement case against Navientthat was started by the Consumer Financial Protection Bureau last year, in the final days of President Obama’s administration. The bureau is still pursuing the case, but consumer advocates fear it will be dropped or settled by Mick Mulvaney, the…

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Student loan cutbacks not expected to land on Trump’s desk this year

Student loan cutbacks not expected to land on Trump’s desk this year

Republicans who were eager to impose new restrictions on federal student lending and loan forgiveness are likely to be stymied this year by Democrats. Photo credit: Shutterstock.com. No more PLUS loans for grad students! Public Service Loan Forgiveness to be eliminated! No more subsidized student loans! If you see some scary-looking headlines like these about legislation making its way through Congress in coming weeks, you can probably take them with a grain of salt. Republicans who were eager to impose new restrictions on federal student lending and loan forgiveness are likely…

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A student’s guide to taking and repaying an education loan

A student’s guide to taking and repaying an education loan

It’s easier and cheaper to get an education loan today than it was five years ago. This is largely because of the increased push by the central government to popularise such loans and greater competition among lenders following the entry of non-banking finance companies (NBFCs) into this space. Though better education loan availability is a plus, experts say borrowers need to carry out ‘due diligence’ that they would do before taking any other loan. These are the following steps that need to be considered. Several private institutes have education loan desks of…

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