This week Fynanz became the first peer to peer lending company to specifically target the student loan market. Fynanz allows family, friends, alumni or just about any American with $50 to help students meet education expenses such as tuition, books, room and board, and living expenses. In addition to helping students, lenders have the opportunity to earn a fair return on their investment.In a recent interview with PLR, Fynanz founder Chirag Chaman said, "W
Friday, March 21, 2008 Summer of '89 I was so relieved when sophomore year ended. Sophomore year is the worst. The newness has worn off and you’re still so far from being done. Besides, school can be pretty oppressive. No matter what I was doing or where I was, there was always reading I should be doing instead. Horrible way to live. A mental break was always welcome. My goal for the summer was to get a really good job and make tons of bucks. Ea
Note: The following post will depress you, unless your sense of humor is based on schadenfreude. I've been maintaining my belief that we're going to see a pretty bad recession for over a year now. Until very recently, the newspapers were all cheerleadering the economy and how everything was just peachy. Even Ben Stein and other economists said everything's great last November. CNN Money has started a new featured series called American Money, where every
By Raymond Shadis Consultant to the New England Coalition www.newenglandcoalition.org It is New England Coalition’s position that Vermont should put no credence in any analysis of the potential economic consequences of closing Vermont Yankee that does not include a case study or studies of what actually happened to locales and regions when nuclear power plants were closed elsewhere. Any economic projection is by its nature something of a fiction and it i
By Flexo in Economy and Government. CNN Money is featuring stories of 15 households that are facing dire financial straits thanks to the economic downturn. Even a rebate check this summer won’t go far to help these families. While some better decisions may have helped them prepare for the direct effects of a recession, hindsight is always 20/20. Here are the some of the highlights from the featured stories: Suzzanne Cromwell: A $250 commute Suzzanne i
FAP762: Free iced coffee at Dunkin Donuts, federal student loans Listen now: Student Financial Aid News + Chronicle: Several financial companies that have formed partnerships with colleges in the “school as lender” program are cutting or terminating the scholarship payments they make to colleges, dealing another severe blow to a program already facing the possibility of elimination by Congress. + A number of lenders, including Sallie Mae, Nelnet,
We petitioned on March 9 for this exact thing + Chronicle/WSJ: The Wall Street Journal is reporting that HSBC Bank USA, the M&T Bank Corporation, and the TCF Financial Corporation have all decided to stop offering federally guaranteed student loans following last year’s decision by Congress to cut lender subsidies by more than $20-billion over five years. + All three are among the program’s 50 largest lenders, together providing more than $560-millio