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Traverse City Record Eagle

Group looks to reap loan support
Traverse City Record Eagle
Young hopes Grand Traverse County Commissioners give serious consideration to his company's request for a loan to bolster that work. Commissioners are expected to consider a Food For Thought application for a $245,000 loan through the state Community ...




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 ...




Inside Higher Ed

Trump administration seeks comment on student loan bankruptcy ...
Inside Higher Ed
Education Department signals interest in revisiting rules making student loans eligible for bankruptcy -- a priority for some Democrats and consumer groups.

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CNBC

Trump administration may make it easier to wipe out student debt in bankruptcy
CNBC
Meanwhile, college-loan balances in the United States have jumped to an all-time high of $1.4 trillion, according to Experian. The average outstanding balance is $34,144, up 62 percent over the last 10 years. Roughly 4.6 million borrowers were in ...

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Accounting Today

IRS says interest on home equity loans can still be deducted
Accounting Today
The Internal Revenue Service said Wednesday that taxpayers can continue to deduct the interest they pay on home equity loans “in many cases,” despite the new tax law's limitations on the mortgage interest deduction. The IRS is getting blitzed by ...
4 Hidden Ways to Boost Your Tax RefundStudent Loan Hero (blog)

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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 ...




Toys 'R' Us reportedly facing loan troubles
Chain Store Age
CNBC reported that the toy retailer is at risk of not enough cash to satisfy the terms of a secured $3.1 billion, debtor-in-possession loan from a group of lenders led by J.P. Morgan Chase. Toys “R” Us secured the loan prior to filing for bankruptcy ...

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Student Loan Hero (blog)

Can Your High Schooler Answer These 6 Interest Rate Questions?
Student Loan Hero (blog)
That's often done in monthly installments, which are more affordable than repaying the loan at once. “It is imperative that a student understands loans are not free money but money that has to be paid back at a later time with interest,” said Ivette ...
10 Questions to Ask Before Taking Out Student LoansUloop News

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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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