Below you'll find a list of all posts that have been tagged as “Loan”
Karl Heiman currently owns and operates several small businesses and is on the Board of several nonprofit organizations. Prior to owning small businesses Karl Heiman was in the high technology business with over 22 years experience in semiconductor capital equipment in the field of semiconductor device fabrication using high power RF systems.
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This September, millions of young Americans will start college, but at what cost? Each year, the collective student loan debt skyrockets as tuitions continue to rise and graduates compete for scarce jobs with stagnant wages. From 2011 to 2013, the amount of debt held by recent graduates increased a whopping 20 percent, reaching a total more than $1.2 trillion. While Americans struggle to …
Earlier this year, as the US auto sales miracle unfolded on the back of record loan terms and record high average monthly payments, we continually argued that underwriting standards were likely to deteriorate going forward as competition for the finite pool of creditworthy borrowers heats up. Helping to drive (no pun intended) the shift towards looser lending standards is the …
The study, published in the journal Financial Stability, introduces a new method that allows researchers to estimate the systemic risk that emerge from multiple layers of connectivity. “Systemic risk is the risk that a significant part of the financial system stops working–that it cannot perform its function,” says IIASA Advanced Systems Analysis program researcher Sebastian Poledna, who led the study. …
The Department of Education announced Monday that it is implementing a plan to forgive as much as $3.6 billion in student loans given to students attending schools affiliated with the defunct for-profit college chain Corinthian Colleges. Corinthian was once one of the biggest players in for-profit colleges, but abruptly fell apart in 2014 amid accusations that it was inflating graduates’ job placement …
It couldn’t be a sunnier, more beautiful day to exit your lives — or enter them — depending on how you care to look at it. After all, here you are four years later in your graduation togs with your parents looking on, waiting to celebrate. The question is: Celebrate what exactly? In possibly the last graduation speech of 2015, …
“Framing private educational lending as a consumer protection issue makes it seem as if the root cause of the student debt problem is the predatory practices of private educational lenders, distorting the role of the debtfare state,” writes Soederberg. In fact, federal government “has played a critical role in the construction and normalization of students’ increased reliance on loans—both public …
Surging student-loan debt represents a key risk to the economy’s expansion because wage gains are failing to keep up, according to Beth Ann Bovino, U.S. chief economist at Standard & Poor’s. As the attached chart illustrates, the dollar amount of borrowing has increased in each quarter since 2003, when data compiled by the Federal Reserve Bank of New York begins. …
The war on cash is escalating. Just a week ago, the infamous Willem Buiter, along with Ken Rogoff, voiced their support for a restriction (or ban altogether) on the use of cash (something that was already been implemented in Louisiana in 2011 for used goods). Today, as Mises’ Jo Salerno reports, the war has acquired a powerful new ally in Chase, the largest …
Kyle Craig wants to go to graduate school, but just being an undergraduate is already drowning him in debt. “I’ve got student loans just like everyone else walking around,” says Craig, a senior at Old Dominion University. “I expect my debt to be around $30,000 by the time I’m done here.” “Yes, I have student loans,” says Kyle Coghill, a …
