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DAVOS, Switzerland - Russia state corporation VEB has received requests from 60 banks for about 100 billion roubles ($3.01 billion) in subordinated loans, VEB chief Vladimir Dmitriev told Reuters. VEB is entrusted with distributing 450 billion …
January 2009
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in Student Loans by admin on 30 Jan 2009
in Student Loans by admin on 30 Jan 2009
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Bank of America chief executive officer Ken Lewis and top Democrats in Washington are in agreement on one point: Americans need to know what their banks are doing with taxpayer funds. RSS and News widget on Feedzilla.com
If Money Is Cheap, Why Can’t I Get A Loan?
Even after the banks have been given more than half-a-trillion dollars in bailout funds, the Fed said Wednesday that credit conditions ”remain extremely tight,” reports Anthony Mason.
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Ford says does not need government loans
DETROIT (Reuters) - Ford Motor Co posted a deeper than expected quarterly net loss on Thursday, burning $5.5 billion of cash in its automotive business under a downturn in industry sales amid the global economic crisis.
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in Student Loans by admin on 28 Jan 2009
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Uncle Sam’s federal debt is now over US$7.5 trillion!
Putting the U.S. Dollar on the verge of collapse!
U.S. NATIONAL DEBT. CLOCK!!!!!!!
http://www.brillig.com/debt_clock/
The National Debt has continued to increase an average of
$1.66 billion per day!
THE FACTS:
Uncle Sam’s domestic, eg credit-card, debt is almost 100% of gross domestic product (GDP) and consumption, including that from China. Uncle Sam’s federal debt is now US$7.5 trillion, of which all but $1 trillion was built up in the past three decades, the last $2 trillion in the past eight years, and the last $1 trillion in the past two years. Alas, that costs more than $300 billion a year in interest, compared with, for example, the $15 billion spent annually on the National Aeronautics and Space Administration (NASA). But no worries: Congress just raised the debt ceiling to $8.2 trillion. To help us visualize, $1 trillion tightly packed up in $1,000 bills would create a pile 100km high.
College student loan
Your backpack for college life is ready. It is filled with ambitions and overloading with academic brilliance that you got in your early education. But then your breath of hope disappears like vapor into thin air after being confronted with one huge dilemma: college fees. But before you jump into the band wagon hyped about acquiring a college loan, it is still best to know the nature of this financial aid for education and how is it suited for you. Aside from the common accountable obligations like tuition fees and other similar college payables, other things that should also be taken into considerable pondering also includes educational supplies like books and study materials, food and lodging, transportation expenses, if a car is not in possession, and insurance. On a scale of estimate for the entire year, write down with emphasis as to how much you need to spend on each corresponding item. After getting the sum of these items, you multiply it to the number of years you are most likely to spend in your college study, in that way you will arrive on the rough estimate you need and will guide you as to how will you apply for the student loan financing. If your schedule will most likely permit it, a part time job will supplement some part of the money you will need. It is best to get acquainted with the two types of loan assistance available for you: subsidized category and unsubsidized category. A subsidized student loan is available for students as a financial aid from the government with very low interest rates and in some few cases, without any interest at all. The only prevailing peril for this type of student loan is that the student needs to reveal honesty regarding his financial status to secure a qualification. On the other hand, the other type is the unsubsidized category of loan. Usually this nature of this type of student loan is not convenient for the educational loaner since the student loaner is required to pay the interest in full and is usually compelled to pay the liability immediately after the graduation. Although this type of loaning process qualifies the applicant easily without regard for previous credit score, you still must take ample time to think whether this loaning category is appropriate for you. Both of the subsidized and the unsubsidized categories of loan are available from the federal government and from most financial institutions and lenders we have today. Whichever type of loan you may consider as suited to your needs and to your ways of sustaining your liabilities, it still best to pre-calculate your possible liabilities to prevent unwanted compromises in the future.