“they Say Privatise, We Say Organise”: Uon Students Protest Against Student Loan Sell Off

Tyler was 22 when I first met him, and he was studying to get his masters degree in special education. He told me he took his classes online, which led me to assume that he already had some job in the field that made it difficult for him to attend classes in person. It was only through further conversation that I realized he actually had two part-time jobs: one a retail position and the other at a gym. He lived at home, and seemed overwhelmed with the amount of school work he had on his plate. This left me wondering: if, after graduating, the closest thing you can get to a job in education is to work in retail, what reason is there to think another two or three years and another $50,000 or so will yield radically different results?
Source: http://www.forbes.com/sites/thecollegebubble/2014/03/14/student-loan-interest-compounding-the-problem/

Student loan repayment troubles? Don’t delay

James, one of the protesters, said that the point is for people to start paying attention, a lot of students dont realise their loans are going to increase we want to build a student movement. This wall of student debt is your future. Scott Jennings and Duncan Davis, who helped organise the event, told Impact: This is a visual stunt to show student debt and our future; debt accumulating and debt sold off. We are keeping on the pressure. Yes the SU policy (is opposed to the sell off) but they havent done anything The other issue is that the student loans contract basically says it can be re-written. Obviously this is a really small and petty protest on day the Chancellor delivers a budget for hardworking people. Popular protest chants included: They say privatise, we say organise and Stop the sell off, as well as David Cameron screw you, we deserve a future too. Sam Armstrong, from Nottingham University Conservative Association, remarked Obviously this is a really small and petty protest on day the Chancellor delivers a budget for hardworking people. Callum McGregor, Communications Officer for Nottingham Young Greens and UoN campaigner against the privatisation of student loans, said: This sell off is fundamentally unfair, it will reduce access to education and impact already struggling students and graduates.
Source: http://www.impactnottingham.com/2014/03/they-say-privatise-we-say-organise-uon-students-protest-against-student-loan-sell-off/

Forbearance means you can make reduced payments for a time; for example, while you are ill or if your monthly payments total more than 20 percent of your monthly income. In some cases, forbearance means you can stop making payments for a time. Interest continues to accrue during this time. Another place you can seek relief is from the court that approved the garnishment. Rules vary by state, but your creditor should have given you advance notice before garnishment. moved here Now that they are garnishing your pay, your options are more limited.
Source: http://www.creditcards.com/credit-card-news/student-loan-bankruptcy-wage-garnishement-1294.php

– Click Here Dear Beau, I hear you. Your situation is life-crushing but common among the people who contact me for help. When student loan debt begins to crush your life and rob you of the ability to save for retirement, action needs to be taken. What strikes me in general about your situation is the federal loans should be wisely consolidated in an Income Based Repayment program and an Income Contingent Repayment program for the PLUS loan. Those will give you the lowest payments available right now.
Source: http://www.huffingtonpost.com/steve-rhode/my-student-loans-take-hal_b_4981331.html

Uh-oh! The Student Loan Crisis Is Even Worse Than You Think

Interestingly, there were no industry benchmarks against which these particular servicers’ default prevention efforts could be measured. The data is instead compared within that 15-member pool, which undermines the metric’s usefulness. The second reason for my bet has to do with the extent to which the servicers are beholden to others. Several for- and not-for-profit loan servicing companies have successfully securitized portions of the government-backed and private student loans they currently administer. So when seriously troubled loans require restructuring (extensions of repayment terms) or modification (reduction in principal balance, abatement of interest rate), it would be fair to speculate that the servicers are reticent to take actions that run contrary to their investors’ interests. This situation is likely to deteriorate even further as new firms stream into the so-called servicing-rights marketplace, which is all the more reason for a national standard to govern the administration of these debts.
Source: http://www.dailyfinance.com/2014/03/19/student-loan-crisis-worse-than-you-think/

Why the student loan problem is even worse than you think

On average, a little over 7% of all outstanding consumer debt obligations are in some stage of delinquency (30 or more days past due), and roughly 70% of those are seriously so (90 or more days past due). The executive summary also notes that student loan balances that are 90 or more days past due represent 11.5% of the total outstanding. Sure, its a troubling metric. But when the FRBNY juxtaposes that amount with the 9.5% of comparably delinquent (and equally uncollateralized) credit card debt, it doesnt seem so out of whackuntil you dig a little deeper. Unlike credit card balances, not all outstanding student loans are due at any given moment in time.
Source: http://finance.yahoo.com/news/why-student-loan-problem-even-120047192.html


Springfield Team Defies Declines In Stock Market

The stock market connect

Clay1, Clay High, Oregon, $40,026.15 101. TeamAce, Springfield High School, Holland, $40,019.42 102. MeGusta, Bowling Green High, $40,010.88 103. Sauce, Dundee (Mich.) High, $40,001.66 104.
Source: http://www.toledoblade.com/Stock-Market/2014/03/18/Springfield-team-defies-declines-in-stock-market-1.html

The two companies are looking to Asia for growth. Moodys is seeking to expand its 28.5 percent stake in Indian grader ICRA Ltd. McGraw Hill increased its holding in Indian competitor Crisil Ltd. to 68 percent last year from 53 percent.
Source: http://www.bloomberg.com/news/2014-03-18/bond-raters-turn-stock-market-favorites-with-s-p-moody-s-rally.html

The euro ETF and EZU were fairly positively correlated from the bottom through the middle of 2011. This relationship started to deteriorate to an extent, however, prior to the beginning of 2012 when the ECB began to slash rates again; since then, falling interest rates have dragged on the euros performance while equities have been bolstered in light of the ECBs growing commitment to spur economic growth in the gloomy currency bloc. The British pound has been able to remain in positive territory since the bottom, turning in a much more impressive and consistent performance than its developed cousins, the euro and the U.S. dollar. One reason behind this relative outperformance is the fact that the Bank of England stopped slashing rates in March of 2009, and as a whole, the BoEs stimulus efforts havent been as massive as those of the other major central banks [see our Euro Free Europe ETFdb Portfolio ].
Source: http://finance.yahoo.com/news/currency-etfs-vs-stock-market-130045446.html

DSW’s stock is unchanged in pre-market trading. Go beyond the day to day swings It’s no secret that investors tend to be impatient with the market, but the best investment strategy is to buy shares in solid businesses and keep them for the long term. In the special free report ” 3 http://www.todayhotstocks.com Stocks That Will Help You Retire Rich ,” The Motley Fool shares investment ideas and strategies that could help you build wealth for years to come. Click here to grab your free copy today.
Source: http://www.fool.com/investing/general/2014/03/18/stock-market-today-wal-marts-video-game-threat-and.aspx

Stock Market Today: Wal-Mart’s Video Game Threat and Hertz’s $1 Billion Stock Buyback

Instead of using this money in ordering more machines for Company X or making it switch to producing pen drives instead of floppy disks, investors may decide to buy shares in Company X. This demand for its shares will push up its share price. But in the real world, Company X may be doing quite badly because no one is willing to buy its floppy disks anymore. This disconnect, or distortion, is magnified in the stock market and makes the stock market often behave exactly opposite to the real economy.
Source: http://www.thehindu.com/todays-paper/tp-in-school/the-stock-market-connect/article5797559.ece

The Simple Way To Save Money On Your Student Loans

The $1 trillion now owed by American students is rising and the student loan debt could have a long term impact on the economy. American students and graduates owe $1.08 trillion, a 10 percent increase over the go previous year. Overall student loandebt grew 300 percent in the last decade compared with overall debt, which only grew 43 percent, according to figures from the Federal Reserve Bank of New York. Seven out of 10 graduates in the class of 2012 had student loans, according to a study by the Institute for College Access & Success, with an average amount owed of $29,400. The negative employment picture that year made the prospects for repayment dim. Overall, delinquencies on student loans are growing dramatically.
Source: http://guardianlv.com/2014/03/student-loan-debt-1-trillion-and-could-impact-economy/

Bankrupt? How to get student loan debt erased

The proceeds from these loans are increasingly being used to cover daily living expenses, and not tuition or other college-related costs. Low-rate student loans cover tuition, textbooks and a vague category known as living expenses. The figure for living expenses is determined by each school and can make it easier to get a student loan than a more traditional loan from the bank. The federal government performs no credit checks for most student loans. An article by the Wall Street Journal examines the rampant use of student loans for non-college expenses. It followed a warning by the U.S.
Source: http://ecreditdaily.com/2014/03/portions-of-student-loans-are-increasingly-going-toward-non-college-expenses/

Refinancing isn’t for everyone. However, loan consolidation and obtaining a lower interest rate are the prime motivators for refinancing, and, in some cases, could save a borrower hundreds of dollars each month. Here’s how to determine if refinancing your student loan is right for you. Consolidating multiple loans: check your options Combining several loans into one monthly payment is a real convenience, but there may be other options available than refinancing. In the case of federal loans, for example, a program already exists for multiple loan consolidation, which can also spread out loan repayment for up to 30 years.
Source: http://www.fool.com/investing/general/2014/03/01/the-simple-way-to-save-money-on-your-student-loans.aspx

Personally, I would not be attending Illinois State University without help from the government. Many of other students can say the same thing, and we will have to pay off this debt for years to come. We understood this burden before coming to college, and concluded that this burden was worth the effort to obtain a degree. But is the distribution of loans the most reasonable way to provide equal education opportunities to hopeful students? Sure, they give us opportunity that we would not be able to seize without them, but they also place us in a financial hole that can entirely unhinge our plans for our lives after graduation. When I graduate, I will begin to pay off my loans six months after graduation.
Source: http://www.videtteonline.com/index.php/2014/03/05/student-loans-essential-or-a-farce/

Are student loan debts setting the stage for the next bubble?

He cited academic journals and numerous popular press articles indicating such discharges are almost impossible. Debtors are sometimes told that absent a total and permanent disability, they can’t get their loans discharged. There may be another reason. People who file for bankruptcy are, not surprisingly, usually broke. Paying attorneys’ fees can be a stretch, and attorneys may be loathe to make the extra effort required knowing they might not be paid for it.
Source: http://www.reuters.com/article/2014/03/04/us-column-weston-bankruptcy-colum-idUSBREA2326420140304?feedType=RSS

Student loans: Essential or a farce?

The Wall Street Journal reports on this phenomenonin which borrowers are using student loans as stop-gap financing to cover everything from monthly bills to groceries to previous student loan payments.The development is particularly troubling as student loans hit astaggering $1.1 trillion, and as college tuition costs continue to rise . While some of the growth in student loans is attributable to people seeking more education, the Journal explains, these loans are attractive for other reasons too: For one thing, many of those seeking student loans can avoid credit checks. This combination of rising costs and opportunistic borrowers leaning more on ever-growing student debt seems like a recipe for trouble. The only consolation is that the private banking system may emerge relatively unscathed. Thats because the US government, which has basically taken over the student-lending business over the last few years, would be on the hook for bad loans.
Source: http://qz.com/183296/are-student-loan-debts-setting-the-stage-for-the-next-bubble/

Stocks Sink As Crisis Escalates In Ukraine

hot stock

Canada Hot Stocks: Magna, Osisko, Goldcorp, Capital Power

BP argued that this would allow businesses to recover for fictitious losses, but the 5th Circuit rejected its appeal. 11 mins ago Gemma Godfrey, head of investment strategy at Brooks Macdonald Asset Management in London discusses the market impact of escalating tensions between Russia and Ukraine. 11 mins ago Warren Buffett has released his latest letter to Berskshire Hathaway shareholders and Jeff Macke says it’s full of good advice. 11 mins ago Rising tensions over Russia’s military advance into Ukraine pushed stock markets around the world sharply lower on Monday. The Standard & Poor’s 500 index dropped the most in a month.
Source: http://finance.yahoo.com/blogs/hot-stock-minute/stocks——on-concerns-about-the-escalating-crisis-in-ukraine-154409056.html

Capital Power (C$24.15, up 5.4%) said fourth-quarter earnings jumped to 89 Canadian cents a share from 19 Canadian cents, while adjusted earnings improved to 35 Canadian cents a share from 23 Canadian cents. Results beat analyst expectations by a penny. The power company also said results for the year exceeded its financial targets. Write to djcanada@dowjones.com Among the companies whose shares are making notable moves in Monday’s session are Pengrowth Energy Corp. (PGF) and SNC-Lavalin Group Inc.
Source: http://online.wsj.com/article/BT-CO-20140303-709341.html

What Makes Netflix And Tesla Hot Stocks?

They put a price target of $8 for Orion Energy Systems, Inc. (NYSEMKT:OESX) on Feburary 12th. The company is in the industry of energy-efficient lighting systems and controls. It also delivers ancillary services for the product. The stock has seen a weeklong of increasing price trend.
Source: http://www.nismagazine.com/hot-stocks-avid-technology-inc-and-orion-energy-systems-inc/1218535/

Hot Stocks

PSOs 5.69 million shares were traded with an increase of Rs17.16 to Rs360.47 per share. An analyst said PSO results on Friday were better than market expectations and attracted buyers. Maple Leaf Cement also remained the hot stock with an increase of Rs1.31 in its share price. Maple Leaf remained among the top 10 volume leaders with 14.69 million shares with an increase of 4.7 percent to Rs29.19 per share.
Source: http://www.thenews.com.pk/Todays-News-3-235480-Hot-Stocks

Hot Stocks: Avid Technology, Inc And Orion Energy Systems, Inc

Its sales and EPS growth numbers are very strong as is its operating margin. Priceline has a low debt level and while the free cash flow yield is below average it is still decent. The only thing is that is does not pay a dividend. While never the number one when ranking on the different characteristics, Priceline scores well on all. To sum up; when investing in stock market darlings make sure these companies keep realizing massive sales growth numbers.
Source: http://seekingalpha.com/article/2049963-what-makes-netflix-and-tesla-hot-stocks

Hot Money Exiting Emerging Assets Buy Trigger for Maersk CEO

I was in Africa for a few weeks earlier this year and have scheduled travels to China and South America . Our investment strategy will focus on these growth markets. We have to think counter-cyclical. Investors have fled emerging markets this year as the U.S. Federal Reserve pares its record stimulus measures.
Source: http://www.bloomberg.com/news/2014-03-02/hot-money-exiting-emerging-assets-is-buy-trigger-for-maersk-ceo.html