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Featured Finance Articles

Cash-out refinance: Turning lemons into lemonade
The oft given, rarely followed adage, "Turn Lemons into Lemonade" seems out of place in the world of refinance. But in fact, it is quite appropriate when considering entering into a Cash Out refinance loan. A Cash Out Refinance loan is simply a loan ...

Getting Your Finances Ready for a SSD Case
Financial security is what everybody wants in life; that and emotional and spiritual security. However, without the sense of being financially secure for the years to come, this has disastrous effects on a person's general well being. Now American working ...

Short on cash? Finance the Mortgage Points
Once you get a quote for a home loan don't be tempted to take the entire amount if it looks like you overqualified. Most consumers fill out an application for a home loan and hope they can get enough money to buy their dream house.A nice chunk of those ...




A College Loan will finance your education!
 
A college loan has given people all over the United States a chance to further their education, even if they are not making a lot of money. Education loans can be a big help in paying for college. You'll find these loans offer a low interest rate and a generous repayment period. Of course, student loans must be repaid, usually with interest, although some education loans have provisions for cancellation if the borrower performs a program-related service. If you are looking for a loan, be aware that there are many different types of loans. Try to find the student loan that fits you the best. For example, there is a loan called the Federal Stafford Loan. The Federal Stafford Loan is the most widely used loan in the student education loan program. Federal guidelines limit the maximum interest rate to no more than 8.25% and outline repayment terms of up to 10 years. Remember that if you ever need help or are falling behind on payments, consider a consolidate student loan.

Tips on getting a deferment for your College Loan.

If for some reason you are unable to meet your monthly payments, consider a college loan deferment. A deferment is a suspension of payments for special reasons. Usually, those who borrowed their first Stafford Loans after July 1, 1993, are eligible to defer payments if are enrolled in at least half-time at an eligible school, unemployed, in a graduate fellowship program, in a rehabilitation training program for people with disabilities, or suffering economic hardship. A college education is expensive, but with the right student loan you will be attending class without financial worry in no time!

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Mike Yeager
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Finance News



Ares Hires Merrill Leveraged Finance Executive (New York Times)
Ares Management said on Wednesday that it has hired Greg Margolies, a former Merrill Lynch leveraged finance executive, as the head of the investment firm’s capital markets group.

Ares Hires Merrill Leveraged Finance Head Margolies (Update2) (Bloomberg)
Jan. 7 (Bloomberg) -- Greg Margolies , the head of leveraged finance at Merrill Lynch & Co., joined Ares Management LLC, as bankers join private-equity firms amid a slowdown in buyouts.

UK's finance minister says country 'far from through' downturn: report (AFP via Yahoo! News)
British finance minister Alistair Darling said in an interview Wednesday that "we are far from through" the economic downturn, a sign that he will revise his forecast that recovery will begin in mid-2009.

Ares Hires Merrill Leveraged Finance Head Margolies (Update1) (Bloomberg)
Jan. 7 (Bloomberg) -- Greg Margolies , the head of leveraged finance at Merrill Lynch & Co., joined private-equity firm Ares Management LLC. Margolies, 42, will be a senior partner and head of the capital markets group, according to a statement today from the Los Angeles-based investment firm.

Senate Finance Committee Chairman Baucus Releases Statement on Developments in TARP Program (Nasdaq)
(RTTNews) - Senate Finance Committee Chairman Max Baucus released a statement Wednesday on developments in Troubled Assets Relief Program oversight efforts as reported in a letter to the Finance Chairman from Neil Barofsky, Special Inspector General of the TARP program.