Student Loan Debt
How advisors can help clients understand the burden of student loan debt and the best ways to reduce, eliminate or manage the debt load.
Let the Sun Shine In
By Kara P. StapletonOn May 10, 2007, the House of Representatives overwhelmingly passed the Student Loan Sunshine Act, H.R.890, to ban gifts and payments by student loan companies to universities. Representative George Miller (D-California), who leads the House education committee, joined Representative Howard McKeon (R-California) in co-drafting the legislation, exhibiting a bipartisan determination...
February 09, 2007
New Legislation May Lower Student Loan Interest RatesThe College Student Relief Act of 2007 (HR 5), introduced by Rep. George Miller (D-California) with 211 cosponsors, would modify the Higher Education Act of 1965 by cutting in half the fixed interest rates on need-based Stafford loans for undergraduates over a five-year period. The bill passed the House on...
January 11, 2007
Schwab Crosses $500 Billion; Will Finance Breakaway BrokersCharles Schwab & Co. announced that its affiliated advisors now custody more than $500 billion at Schwab Institutional, up 23% from last year; SI President Debby McWhinney has previously stated a goal for the division of having $10 billion in custody by 2010.
January 04, 2007
Insurer Supports Development Loan FundMetLife Inc. has provided a $5 million social investment loan to Community Reinvestment Fund USA.CRF, Minneapolis, will use the money to support loan programs aimed ...
January 04, 2007
Insurer Supports Development Loan FundMetLife Inc. has provided a $5 million social investment loan to Community Reinvestment Fund USA.CRF, Minneapolis, will use the money to support loan programs aimed ...
September 01, 2006
Dealing With DebtAre you asking your clients about their liabilities? Looking only at one side of your clients' balance sheet may put their long-term goals at risk....
June 25, 2006
Group Legal Plans Help Employees Cope With New Bankruptcy RulesIn an age of complicated mortgages and complicated health plans, more and more employees run the risk of facing serious financial problems. Benefits advisors who ...
April 30, 2006
The Case For Private Split-Dollar LoansIt has been more than two years since the Internal Revenue Service published final split-dollar regulations in September 2003. While there has been limited activity ...