Diane Alter – AHN News Reporter New York, NY, United States (AHN) – There is nothing average about the new average student loan debt. The average debt of college seniors who graduated in 2010 with student loans increased 5 percent from a year earlier to $25,250. The amount is the highest level ever. The figure [...]
Vittorio Hernandez – AHN News Washington, DC, United States (AHN) – A rising number of college graduates are filing for bankruptcy protection, says a study by the Institute for Financial Literacy scheduled for release on Tuesday. In 2006, degree holders accounted for 11.2 percent of bankruptcy protection filers, the study found. By 2010, their proportion [...]
Vittorio Hernandez – AHN News Washington, DC, United States (AHN) – U.S. Federal Reserve Chairman Ben Bernanke said on Wednesday that the central bank is open to another stimulus program if it were necessary to help the ailing American economy. However, Bernanke said that for the moment the move was not yet imminent. The hint [...]
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Product DescriptionThe students of this generation face stiffer competition than their parents in getting admission to colleges and winning scholarships. As demand for college admissions have soared, colleges and universities have seized the opportunity to raise their fees well beyond the rate of inflation. In response to this, parents have begun to pay close attention [...]
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Consumer credit advances fell by 7 per cent during March as people remained cautious about taking on more debt, new figures have revealed. Related Stories Bank of England downgrades growth figures Retailers ‘face declining growth’ Financial services complaints soar £2.5bn loans fund for small firms Bank accused over lending targets View full post on All [...]
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Vittorio Hernandez – AHN News Brussels, Belgium (AHN) – European finance ministers approved Portugal’s $110 billion (EUR 78 billion) bailout amid the scandal that International Monetary Fund Managing Director Dominique Strauss-Kahn is facing. The ministers said Strauss-Kahn’s absence in the bailout talks apparently did not disrupt the continuity in the IMF’s operations and decision-making process. [...]
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