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Tag Archives: loans

California pushes bill to limit interest rates on consumer loans

The California Senate pushed ahead with legislation to cut interest rates on consumer credit on Friday, a move that proponents believe will stem the predatory lending practices of the Federal Reserve, which is currently around 2%. Consumer representatives say that some credit companies charge interest rates of up to 225%. This would apply to loans between $ 2,500 and $ …

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At HBCUs, reducing student loans is a symptom of even greater problems

When Michael Sorrell became president of Paul Quinn College 12 years ago, he estimated the plight of his school and made a bold decision: no more football. "I mean, we're in Texas. We are an HBCU in Texas, "said Sorrell. "I have a little flak for that, okay?" But for him, shutting down the program was the only way to …

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Pete Buttigieg could become the first president with student loans

The debt of student loans becomes an important issue on the road to the 2020 presidential campaign. Pete Buttigieg, Mayor of South Bend, Indiana, and his husband have more than $ 130,000 in student loans, according to financial statements audited by the AP on Sunday. A campaign spokesman would not tell AP whether the loans belong to Buttigieg, his husband, …

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Billionaire Robert Smith: Loans for students at Morehouse College for 2019 are paid by a billionaire as spokespersons for entry

Billionaire to pay graduates' student debt Atlanta – A billionaire, technology investor and philanthropist, says his family grants grants to pay off all student debt in 2019 at Morehouse College. Robert F. Smith made the announcement on Sunday morning to nearly 400 senior graduates, evoking the biggest cheers of the morning. "My family will create a scholarship to eradicate your …

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Student loans for Morehouse graduates are paid by billionaire

Not even Morehouse knew the announcement would come. Robert F. Smith, a man richer than Oprah Winfrey, addressed the class of the college in 2019 and made a grand gesture directly from the television book of the television mogul. [19659002] "My family will provide a scholarship to get rid of your student loans," he said on Sunday morning, bringing the …

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Morehouse senior speaker to pay student loans of the entire 2019 class

The keynote speaker at Morehouse College's opening ceremony announced a grant on Sunday that will eliminate student debt for the entire 2019 graduating class. The surprise gift of billionaire Robert Smith in front of nearly 400 graduates could have a value of about 40 million dollars said. "My family will provide a scholarship to eliminate their student loans," Smith said, …

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Robert Smith tells Morehouse graduates that he repays their student loans

"My family will provide a scholarship to get rid of your student loans," he told newly graduates in Atlanta. The announcement that Smith asked graduates to follow his example of prepay was answered with standing ovations and MVP vocals. The total among the 396 students adds up to about $ 40 million, said Morehouse President David A. Thomas. He called …

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Bad loans have killed the taxi industry long before Uber and Lyft: report

The financial hardships of the taxi market in the city may not be entirely the fault of the traveling companies – the industry was a house of cards, waiting for the collapse, according to a report. A Sunday New York Times investigation The guilt of industry leaders who artificially inflated taxi medallions has increased fivefold over 12 years, creating a …

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