Seeking Release As Student Loan Co-signer

Check the loan agreement for that provision as well. Odds are that the loan servicer correctly relayed the terms of the loan agreement and when you would qualify to be released as co-signer. After reviewing the loan documents, if you find that they are violating terms of the loan agreement, then you can pursue other regulatory or legal options. Get more news, money-saving tips and expert advice by signing up for a free Bankrate newsletter . Ask the adviser To ask a question of Dr.
Source: http://finance.yahoo.com/news/seeking-release-student-loan-co-100000922.html

‘Over £5bn’ in student loans lost

About 50% of students are not expected to earn enough to repay all their loan. The NAO report also highlights concerns over the more than 5bn owed by about 368,000 former students whose exact whereabouts are unaccounted for. It says officials are overestimating how much money will be recovered each year, and is not securing value for money for tax payers. The increase in tuition fees in England has meant much higher levels of student loans and debts – and the spending watchdog says there needs to be much tighter scrutiny of levels of repayment. Such an expansion requires a “much more robust strategy” for recovering loans, said Margaret Hodge, chair of the Commons Public Accounts Committee.
Source: http://www.bbc.co.uk/news/education-25121145

Student loans: hundreds of millions of pounds unaccounted for

Photograph: Andrew Yates/AFP/Getty Images Hundreds of millions of pounds of public money paid out in student loans is unaccounted for because the government does not have enough information about the recipients, a report by the spending watchdog suggests. The National Audit Office has found that the Department for Business, Innovation and Skills (BIS) does not have employment records for around 368,000 students and former students who took out loans under the scheme. This could be because they are unemployed students living in the UK, EU students who have returned home or UK students who have moved overseas, a report has found. It means that the government does not have enough information to decide whether these students should be making repayments on their loans, and if so, how much. In its report, the NAO also said that BIS “consistently over-forecasts how much it expects to collect annually by around 8%.” Using that percentage figure, House of Commons library research has found that the department would be left struggling to cover an extra 600m expenditure from 2015/16.
Source: http://www.theguardian.com/money/2013/nov/28/student-loans-millions-unaccounted-for

Student loan repayment needs tighter control, say MPs

Related Content Article: Five years of falling family debt ends – due to student loans Telegraph – Mon, Nov 25, 2013 17:25 GMT More than 5bn paid out in student loans is unaccounted for because the Government does not have enough information about the recipients. There are 368,000 student borrowers for whom there is no current employment record, or other details on earnings, according to a study by spending watchdog the National Audit Office (NAO). This could be because they are unemployed students living in the UK, EU students who have returned home or UK students who have moved overseas. It means the Government does not have enough information to decide whether these students should be making repayments on their loans, and if so, how much. The NAO report claims the Business Department (BIS) is not doing enough to find out whether borrowers are earning enough to start repayments. Students currently repay their loans when they earn21,000, and repayments are linked to earnings.
Source: http://uk.finance.yahoo.com/news/student-loans-5bn-unaccounted-says-031744663.html

Federal Student Loan Profits Help Duncan Cut Education Spending To Lowest Level Since 2001

Student loan system ‘out of control’ The Association of Teachers and Lecturers (ATL) said the student loan system is “out of control” and in need of urgent review. The government has made it hard for most medium-earning graduates to ever pay off their loans by trebling student fees, basing interest payments on RPI plus 3%and raising the minimum level at which they start to repay their loans. The result, as the NAO report reveals, is an unbelievable accumulated debt of 200 billion in 30 years time. It is grossly unfair that some graduates will be saddled with paying all their lives to subsidiseother students debts because the authorities wont be able to trace graduates who go abroad or move in and out of work. Martin Freedman, director of economic strategy at the ATL Hole in student loan repayments ‘particularly troubling’ Former students who the Government has no financial record of are “particularly troubling” according to a tax think tank. Robert Oxley from the Taxpayer’s Alliance raised concerns the Department of Business, Innovation and Skills (BIS) had already given up on finding the 5 billion in loans that was now unaccounted for.
Source: http://www.itv.com/news/story/2013-11-28/five-billion-in-student-loans-missing/

Student Loans: £5bn Unaccounted For Says NAO

In a sign of read more just how important student loan profits have become for the Education Departments bottom line, its reported gains off lending to students and their families over the last year comprised nearly half of the agencys total outlays, the biggest share since at least 1997. By effectively subsidizing half of the department’s total operations — spending that encompasses programs ranging from early childhood learning to aid for colleges — the profits have enabled Duncan to reduce his agencys total cost to U.S. taxpayers to the smallest amount since 2001. The department spent $40.9 billion in the fiscal year ending Sept. 30, nearly a third less than the previous year and the lowest reported amount since the first year of George W. Bushs presidency, according to Treasury Department data.
Source: http://www.huffingtonpost.com/2013/11/18/federal-student-loan-profits_n_4283765.html

Etf Basics

Year-ago net loss was $79.5 million, or $0.86 per diluted share. Commodities – Crude was down 0.19%; likewise, United States Oil Fund (USO) was down 0.36%. Meanwhile, natural gas was up 0.68%, and United States Natural Gas Fund (UNG) was up 0.89%. Gold was up 0.21%, and SPDR Gold Trust (GLD) was up 0.19%. All are trading at record levels. Among stocks, LightInTheBox (LITB) reports Q3 revenue of $68.1 million, up from $51.1 million in the year ago quarter.
Source: http://www.nasdaq.com/article/etf-preview-broad-market-etfs-slip-premarket-after-recordsetting-run-cm303075

Bloomberg Radio’s Catherine Cowdery reports on Exchange Traded Funds. Bloomberg Radio’s Catherine Cowdery reports on Exchange Traded Funds. Balchunas on Survey Showing Openness to Small ETFs (Audio) Nov 12, 2013 Bloomberg analyst Eric Balchunas says a recent survey shows that investment advisors would consider using a small exchange-traded fund and are open to new ETFs. Bloomberg Radio’s Catherine Cowdery reports on Exchange Traded Funds. Bloomberg Radio’s Catherine Cowdery reports on Exchange Traded Funds.
Source: http://www.bloomberg.com/podcasts/etf-report/

“With Janet Yellen, we know that the Federal Reserve is likely to err on the side of inflation, so there is a good reason to continue holding onto it,” said Merk, whose firm also owns a stake in SPDR Gold Trust. Gold prices were little changed at $1,290 an ounce after the filings by Paulson. On Thursday, bullion rose after the nominee for Federal Reserve chairman, Janet Yellen, defended the U.S. central bank’s bold steps to spur growth, suggesting the massive bond-buying stimulus will continue. Investors pay close attention to the quarterly filings by Paulson and other notable hedge fund managers because they provide the best insight into whether the so-called “smart money” best eft portfilo has lost faith in gold as a hedge against inflation and economic uncertainty. Paulson, which shot to fame in 2007 with a prescient bet against subprime mortgages, sharply cut its stake to 10.2 million shares in Q2 from 21.8 million in Q1, marking the first time the firm cut its gold ETF stake since the fourth quarter of 2011.
Source: http://www.reuters.com/article/2013/11/15/us-hedgefunds-filings-gold-idUSBRE9AE02820131115

equity exposure, with a 97/3% split, U.S. and international. Both QCLN and GEX have had extraordinary years in 2013 in terms of net performance, and both products have retreated slightly from recently made new all-time highs. Year to date, asset flows have been healthy for both funds, with QCLN reeling in$49 million YTD and GEX taking in $17 million of its own. With TSLA reeling lately on heavier trading volume and with investors undoubtedly sitting on capital gains year to date, additional volatility in the stock or in the space in upcoming weeks could spur some interesting activity in the space, and these two ETFs remain top of mind.
Source: http://www.etftrends.com/2013/11/etf-chart-of-the-day-talking-tesla/

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the SPDR Barclays Short Term High Yield Bond ETF ( SJNK ) where we have detected an approximate $79.8 million dollar inflow — that’s a 3.0% increase week over week in outstanding units (from 87,500,000 to 90,100,000). Click here to find out which 9 other ETFs had notable inflows The chart below shows the one year price performance of SJNK, versus its 200 day moving average: Looking at the chart above, SJNK’s low point in its 52 week range is $29.36 per share, with $31.18 as the 52 week high point that compares with a last trade of $30.80. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique — learn more about the 200 day moving average . Exchange traded funds (ETFs) trade just like stocks, but instead of ”shares” investors are actually buying and selling ”units”. These ”units” can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed).
Source: http://www.thestreet.com/story/12115536/1/noteworthy-etf-inflows-sjnk.html

Instead of picking out stocks, investors who want to play a broad index can pick out ETFs. Additionally, ETFs can be used for speculative bets through short trades. [ What is an ETF? Part 1: The Basics ] Since ETFs are essentially made up of tens, hundreds or thousands of individual securities from a benchmark index, the ETF will often closely track the underlying index.
Source: http://finance.yahoo.com/news/etf-basics-204056448.html

4 Common Student Loan Mistakes

application for student loan forgiveness For that reason alone, students in other parts of the world simply don’t need to borrow as much, or at all, for their education.” Average tuition and fees at public colleges and universities in the U.S. was close to $8,400 in 2013-2014 for students studying in their home state and nearly $19,100 for those paying out-of-state tuition, according to data reported to U.S. News in an annual survey. At private colleges, the average sticker price is nearly $30,500 . By comparison, tuition is free at public universities in countries such as Argentina, Iceland, Norway and Sweden. Zero tuition does not equal zero student debt, though.
Source: http://www.usnews.com/education/top-world-universities/articles/2013/11/13/undergrads-around-the-world-face-student-loan-debt

When it was time to start repaying my loans, I was quite overwhelmed. I had different types of loans and different interest rates. When I did eventually see my total loan balance, I was pretty shocked. You can avoid this problem. Had I known there was a super easy way to keep track of how much youve borrowed in federal student loans, I would have been much better off.
Source: http://www.ed.gov/blog/2013/11/4-common-student-loan-mistakes/

Consumers Union Renews Call For Student Loan Reforms As Congress Takes Up Reauthorization of Higher Education Act

The amount the DOE paid, known as the default claim, is usually the last amount showed owing on the loans in the National Student Loan Data System database, he said. MURKY SETTLEMENT PROCESS The process for settling private student loans is less defined since lenders have different policies, Minsky said. Private lenders also have fewer powers to collect than the federal government, which sometimes but not always leads to more willingness to settle, he said. Private lenders have to go to court to get wage garnishments and can’t seize tax refunds or government benefits. Private student loans also are subject to state statutes of limitation that limit how long lenders can sue borrowers over unpaid debt. There are no statutes of limitation on federal student loans.
Source: http://www.reuters.com/article/2013/11/04/us-weston-studentloans-idUSBRE9A30Q920131104

“Millions of Americans are facing a mountain of debt with no end in sight after graduating from college,” said Suzanne Martindale, staff attorney for Consumers Union and the author of the policy brief . “It’s time for Congress to adopt reforms that help students find the most affordable options for financing college and provide borrowers with reasonable safeguards and flexible repayment options to manage their obligations responsibly.” Americans now owe over $1 trillion in student loan debt, more than what is owed on credit cards. Tuition has increased over 500 percent since 1985 at public colleges, which admit the majority of students nationwide. At the same time, average family incomes are lower than they were a decade ago, making it increasingly impossible for many families to pay for college without loans. Currently two-thirds of college students graduate with student loan debt, averaging $26,600. The federal government is the largest student lender, with roughly 85 percent of the market, but banks and financial companies also offer student loans. Private student loans can come with high, variable interest rates, and unlike federal loans, they do not come with guaranteed flexible repayment options. Unfortunately, students and their families often receive confusing financial aid letters from colleges that fail to explain differences between grants and loans, or between federal and private loans. As a result, borrowers may not realize until after graduation the full extent of the debt burdens and responsibilities they face. “The student loan debt crisis is growing each year and threatens the futures of countless families and ultimately our economy,” said Pamela Banks, senior policy counsel for Consumers Union. “Struggling borrowers across the country are counting on Congress to help bring some fairness to our broken student loan system.” Consumers Union’s “Degrees of Debt” policy brief highlights a number of problems borrowers encounter along with the reforms needed to provide needed relief, including: Confusing student loan offers: Consumers Union focus groups of students and their parents show that many find it difficult to understand their options for financing college and are frustrated by the confusing financial aid application process can be. Consumers Union is urging Congress to require schools to provide students and their families with clear, easy-to-understand financial aid offer letters that plainly show the differences between the kinds of aid available and an estimate of what their monthly payment will be once they graduate. Borrowing too much or borrowing the wrong kinds of loans: Students and their families often fail to understand the difference between federal and private loans and end up borrowing more than they need or at too high a cost. Schools should provide students with pre-loan counseling to review loan costs and eligibility requirements so they can identify the most affordable financial aid options. Difficulty refinancing or reducing monthly payments: Many borrowers struggling to keep up with their payments, especially those with private loans, are unable to obtain flexible repayment options. Consumers Union is calling on Congress to require all lenders to offer flexible, affordable and manageable repayment options, including income-based repayment plans, deferments and forbearances, as well as acceptance of partial payments. Unfair fees or issues with how payments are processed: Some borrowers get hit with unexpected fees, such as late fees even though they have set up automatic payments, or fees to get a temporary suspension of payments. Others complained to Consumers Union that they were unable to reduce their principal even though they were making payments in excess of what was due on a monthly basis. Fees should be reasonable and lenders should be required to apply excess payments to the balance instead of to interest. Trouble with loan servicers: Many consumers who shared their stories with Consumers Union expressed frustration with loan servicers who gave inconsistent answers, failed to maintain accurate records, or simply refused to work with them to resolve outstanding issues. Congress and the CFPB should require student loan servicers to establish clear procedures and a single point of contact for questions and complaints. Complaint handling, resolution and appeals should be centralized and monitored by regulators. Unfair or deceptive practices: Many student loan borrowers told Consumers Union about unfair or deceptive practices, such as schools marketing high-cost career college programs despite knowing that graduation or job placement rates are low, or aggressive and harassing debt collection practices. Consumers Union is pressing Congress and the CFPB to prohibit deceptive marketing, abusive collection and servicing practices, and other fraudulent practices. The Department of Education should issue a strong “gainful employment” rule to prevent students and taxpayers from subsidizing low-performing career colleges. No relief from overwhelming debt: Many borrowers who shared their story with Consumers Union expressed despair at being unable to keep up with student loan payments or to save up for anything else. Others discussed their struggles with bankruptcy, with their student loans still hanging over them. Congress should enable student loan borrowers to obtain loan discharges or cancellations in certain circumstances, including long-term economic hardship. SOURCE Consumers Union Panic in the halls of Congress.
Source: http://news.yahoo.com/consumers-union-renews-call-student-loan-reforms-congress-141900525.html

U.s. Stock Market Makes First Corrective Turn Today

Well-connected rail systems are expected to transport more than half the daily commuting traffic. Which are the leading rolling stock suppliers in the metro, mainline, and HSR segments in China? Where are the new opportunities in rolling stock for rail? What is the market share of the rolling stock in rail applications? Which is the market leader in each rolling stock segment in China? What is the business environment of the Chinese rolling stock market?
Source: http://finance.yahoo.com/news/strategic-analysis-chinese-rolling-stock-225000839.html

Marketwatch also cited the positive earnings. In the absence of bad news, the path of least resistance for equities is up, Terry Sandven, chief equity strategist at U.S. Bank Wealth Management told Marketwatch. In a story headlined “Why the Dow Jones Had a Record Close Today.” Slate.com writer Sean Vitka penned, “The Dow Jones Industrial Average closed at a record today at 15,747. Theres really no good reason for the high, except that investors are expecting continued quantitative easing.
Source: http://www.examiner.com/article/dow-record-stock-market-soars-but-are-we-headed-for-a-bubble

(Source: FactSet, November 1, 2013.) Consider General Electric Company (NYSE/GE), one of the major companies in the S&P 500. In the third quarter of 2013, revenues for the company declined 2.3% from the same period a year ago. (Source: Investor Relations, General Electric Company, October 18, 2013.) But the company is buying back its shares! The board of International Business Machines Corporation (NYSE/IBM), another big component of the S&P 500, authorized an additional $15.0 billion for the companys stock buyback program. The companys existing share buyback program already had $5.6 billion in it. (Source: Investor Relations, International Business Machines Corporation, October 29, 2013.) What When are stokcs the highest share buybacks do is increase the corporate earnings per share.
Source: http://smallbusiness.yahoo.com/advisor/days-stock-market-irrationality-numbered-172511846.html

You can see the results in the chart near the top of this article. These results are not random. They are nothing like random. The waves are as clear as well, as clear as a big wave at Sunset Beach.
Source: http://www.marketwatch.com/story/you-really-can-time-the-stock-market-2013-11-04

When a select group of speculative stocks trading at huge multiples of their earningsdue to high expectations for future earningsleads the market, it can be harder to sustain the gains than in a bull market led by companies with more-dependable earnings. “It reminds me of the tech go-go years of the late 1990s,” says Jack Ablin, chief investment officer of BMO Private Bank. Indeed, the recent gains in tech shares are reminiscent of the Internet-led bull market that created huge fortunes but ended in 2000 when the small group of expensive technology stocks that had powered the market higher suddenly collapsed, pulling the entire market down with it. That’s not something investors want to be reminded of. All of the current highfliers are getting investors excited for good reasons, including rapid customer expansions and strong growth prospects. But many investors have cause for worry, too.
Source: http://online.wsj.com/news/articles/SB10001424052702303618904579171502758867222

Twitter (NYSE: TWTR ) begins trading on the New York Stock Exchange today. The company priced its initial public offering at $26 a share, giving it an implied $14.4 billion valuation. This has been a good year for IPOs, as the average one-day gain for new public companies is 17%. And there are plenty of reasons to be optimistic about Twitter’s long-term growth potential. Still, retail investors are often at a disadvantage in these situations. Brokerage firms, for example, will get less than 20% of today’s share offering to distribute to retail clients, according to TheWall Street Journal, meaning that early buyers will probably have to pay a hefty premium.
Source: http://www.fool.com/investing/general/2013/11/07/stock-market-today-will-twitter-soar.aspx

If the Fed actually wanted to foster economic growth it would stop the Quantitative Easing and let interest rates rise to where the free market decides. Then savers could earn a reasonable return on their savings, boosting incomes for many seniors and likely supporting increases in consumer spending. There might be a sharp adjustment in the stock markets, but then perhaps fundamentals will return and the stock market will go back to acting like it should. Banks and other large investors would look for actual projects to invest in rather than simply playing the stock market. The action of the stock markets, moving in opposite directions from economic news, is a clear signal that the Fed has distorted the stock market to the extent where only the Feds action matters.
Source: http://www.forbes.com/sites/jeffreydorfman/2013/11/05/the-stock-market-is-telling-everyone-the-fed-has-it-wrong/

The bottom line Although no one-day performance creates a stock market trend, todays results are noteworthy because they are occurring just as a change of outlook by many market observers and participants is taking place. The coincidence carries weight because it is affecting the broad market, meaning there are significant flows occurring to cause the shift. Theres another point. Forgetting the recent outlook change being discussed, todays uncharacteristic market makeup (for 2013, that is) is, by itself, a notable event.
Source: http://www.forbes.com/sites/johntobey/2013/11/06/u-s-stock-market-makes-first-corrective-turn-today/

Notable Etf Inflow Detected – Vnq, Spg, Psa, Pld

Insightful. Trusted. Morningstar provides stock market analysis; equity, mutual fund, and ETF research, ratings, and picks; portfolio tools; and option, hedge fund, IRA, 401k, and 529 plan research. Our reliable data and analysis can help both experienced enthusiasts and newcomers.
Source: http://www.morningstar.com/articles/collection/567-etf-weekly.aspx

in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services. Latest posts by Shayne Heffernan Ph.D. ( see all ) Sitemap Copyright and All Rights Reserved.
Source: http://www.livetradingnews.com/spdr-sp-500-etf-trust-nysearcaspy-time-sell-17721.htm

Davis is currently Vanguard’s chief investment officer in the Asia Pacific region and director of investments in Australia. He has played a major role in helping Vanguard successfully launch bond http://www.etftradingsignals.com/ ETFs such as the Vanguard Total International Bond ETF. That fund has nearly $700 million in assets since its launch just six months ago, Vanguard’s chief investment officer, Tim Buckley, said. Auwaerter, 58, is credited with playing a major role in taking Vanguard from a bond backwater in the 1980s to a global powerhouse. “He has a tough record to equal,” Buckley said.
Source: http://www.reuters.com/article/2013/11/04/us-funds-vanguard-bonds-idUSBRE9A30PI20131104

Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique learn more about the 200 day moving average . Three Months Free, a $100 Value, Just Submit Your Top Stock Pick! (Offer ends 11/10/2013) Exchange traded funds (ETFs) trade just like stocks, but instead of shares investors are actually buying and selling units. These units can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand.
Source: http://www.forbes.com/sites/etfchannel/2013/11/04/notable-etf-inflow-detected-vnq-spg-psa-pld/