As presidential candidates and pundits search for ways to curb student debt nationally, officials at one college are experimenting with a program to make a dent in the problem by helping to pay off the loans of its graduates. Washington College, a small liberal arts school in Chestertown, Md., run by Sheila Bair, former chair…
DetailsLorcan OConnor, director of the ISI There was a 26 per cent increase in new applications for Personal Insolvency Arrangements (PIAs) in the first quarter of 2016, according to new figures. This years first quarterly statistical bulletin from the Insolvency Service of Ireland (ISI) recorded continued growth in new applications, protective certificates and approved arrangements.…
DetailsFife-based Havelock Europa restricted its loss to £600,000 last year after a restructuring and right-sizing which saw more than 100 staff leave the company. The Kirkcaldy shop fitting and interiors firm announced a major cost-cutting exercise in September last year in a bid to save £3 million on an annualised basis. The move involved cutting…
DetailsThe decision to extend student loans to vocational education and training will cause student debt to reach a staggering $11.1bn a year by 2025-26, a new report from the Parliamentary Budget Office (PBO) has shown. Related: Australian universities warn parties education policy chaos is harming students In April the PBO released figures that show the…
DetailsBy Sridhar Ramachandran The buzzword now is the bankruptcy law. It is seen as a panacea for the problem of nonperforming loans, but it is a lot more than that provided the execution matches the intent. That workers claim is above the dues to state and any dubious transaction two years prior to bankruptcy with…
DetailsAn award-winning product development company that has been operating for 10 years has collapsed into voluntary administration. E3 Style, which is still trading, called in external managers on April 15, with Domenic Calabretta from Mackay Goodwin appointed voluntary administrator. A creditors meeting is scheduled for April 28 in Brisbane. E3 Style has designed and made private-label…
DetailsCivil lawsuits will soon follow federal charges that a Bucks County man and his late wife conspired to steal nearly $1.5 million in room and board payments from Lehigh University fraternities and sororities that paid the couple to manage their money, but instead spent it on a lavish lifestyle. Organizations seeking to recover some of…
DetailsStudent debt in the U.S. is reaching new heights. In 2015, student loan debt was $1.2 trillion, compared to $0.2 trillion in 2003, reports the Centre for Retirement Research at Boston College. Further, U.S. student loan debt now accounts for more than 30% of total household non-mortgage debt, surpassing credit card debt in 2011, notes the study. U.S. grads…
DetailsDear Harlan: My boyfriend and I have been dating since the end of freshman year, and now were both about to graduate. He received a major scholarship to an expensive school that happened to be one of my top choices before he was even thinking of going there. I would love to go there for…
DetailsWOODBRIDGE, N.J., April 19, 2016 — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), announced today that it has instructed its paying agent, VStock Transfer, LLC (Paying Agent), to begin the process of sending the previously announced second liquidation distribution of $0.36 per share (the Distribution) to its stockholders…
Details