STUDENT LOAN

$114,000 Debt Paid In Cash By Canadian Lawyer Alex Kenjeev

IBTimes Logo
A Canadian law school graduate thought it would get a few laughs if he paid his $114,000 law school debt in cash. The story of Alex Kenjeev, from Montreal, first surfaced when a Reddit user reposted a photo of the $114,000 receipt Kenjeev had posted on his Facebook account on the Reddit website.
More news
IBTimes Logo

Student Loan Rate Vote In House

The student loan debate continues in Washington as the House plans to vote on a bill Friday that would keep interest rates at 3.4 percent for subsidized Stafford loans, instead of increasing to 6.8 percent on July 1.
U.S. Vice President Joe Biden waves during his arrival at the Athens Eleftherios Venizelos airport in Athens

Joe Biden Accidentally Tells the Truth

Good 'ole Joe. You can always count on him to say what he shouldn't. Remember when the revolution was underway in Egypt? In stepped Joe to praise Hosni Mubarak, the Egyptian dictator.
State Bank of India

SBI Q3 Beats Forecast, but Bad Loans Rise

The State Bank of India (SBI), the country's biggest lender, reported an unexpected rise in bad loans for the third quarter, taking the shine off healthy growth in loan demand and interest income that helped it post a 15 percent rise in net profit.
The logo of the Bank of America is pictured atop the Bank of America building in downtown Los Angeles

BofA and others being probed over home insurance: source

The New York state's financial regulator is probing several large banks, including Bank of America Corp and Citigroup Inc, on whether they overcharged customers on force-place insurance, a source familiar with the matter said.
IBTimes Logo

Consumer credit surges by most since 2001

U.S. consumer credit surged 10 percent in November, its biggest jump in a decade in a positive signal for the economy as consumers tapped their credit cards and the government doled out more student loans.
IBTimes Logo

November Consumer Credit Surges by Most Since 2001

Consumer credit surged in November by the most since October 2001, rising 10.0 percent on higher credit card debt and more student loans doled out by the government, a Federal Reserve report showed on Monday.
IBTimes Logo

Student Loan Debt and the Culture of Borrowing

The Federal Reserve predicts student loan debt will pass the $1 trillion mark this year. Students are taking out twice as much as they did 10 years ago (even after adjusting for inflation) and can't pay it back. From politicians to protesters, Americans are offering solutions to this seemingly impossible problem.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.