7 options if you can’t pay your student loans After a lengthy pandemic-related pause, the U.S. Department of Education resumed collection efforts on student loans in default in May. This has placed renewed pressure on borrowers who are behind on payments or whose loans are in default. As of late April, 38% of student loan
The Department of Energy (DOE) canceled $3.7 billion in Biden-era loans on Friday — most of which were rushed out the door weeks before President Donald Trump took office. Sixteen out of the 24 projects were granted by the Biden administration between the November 2024 election and Trump’s January 20 inauguration, according to the list
7 options if you can’t pay your student loans After a lengthy pandemic-related pause, the U.S. Department of Education resumed collection efforts on student loans in default in May. This has placed renewed pressure on borrowers who are behind on payments or whose loans are in default. As of late April, 38% of student loan
Why You Can Trust Us Investopedia was founded in 1999 and has been helping readers find the best car loans for first-time buyers since 2023. Investopedia’s research and editorial teams conducted independent, unbiased research into the auto loan industry, collecting over 1,000 data points on 16 auto loan direct lenders and over 500 data points
County officials opened the Disaster Loan Outreach Center in Florissant to help residents recover from the historic tornado. ST. LOUIS COUNTY, Mo. — Residents, businesses, and nonprofits affected by May 16’s historic tornado in the St. Louis region are now eligible for disaster loans through the Small Business Administration, county officials said on Friday. The
Matthew R. Meehan is a leading finance expert and CEO of Shield Advisory Group. He specializes in helping SMEs access credit and capital. Getty For many business owners, a liquidity event, whether it’s selling a piece of the company, buying out a partner or exiting entirely, feels like a distant milestone. It’s a “tomorrow” issue,
Banks have reemerged in the commercial real estate lending space after more than a year of dormancy. Their comeback has been fueled by finding ways to purge their balance sheets of troubled property loans. Deals with private equity firms and private credit funds, along with a reinvigorated CMBS market, have allowed financial institutions — particularly
A Raleigh pastor pleaded guilty this week to falsely obtaining thousands of dollars in COVID-19 loans for personal expenses. According to the United States Department of Justice, 45-year-old Mitchell Summerfield of Raleigh pleaded guilty to conspiracy to commit bank fraud and wire fraud. Summerfield faces a maximum 30-year prison sentence, a $1 million fine and
Fourteen people, including several Southern California residents, were arrested Wednesday, May 28, and accused of scamming the government out of more than $25 million in COVID-19 relief funds and federal small business loans, according to the U.S. Department of Justice. Two federal criminal complaints named 18 defendants, four of whom are believed to be in
The growth in bank loans to India’s micro, small, and medium businesses slowed down to 14.8% in the financial year ending March 2025, compared to 20.9% in the year earlier, according to data from the latest annual report released by the Reserve Bank of India (RBI) on May 29. The slowdown is significant considering the