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court: families cannot sue over loan discount fee

the supreme court ruled unanimously thursday that three families cannot sue a mortgage company for allegedly charging them a loan discount fee without giving them a lower interest rate.

the student loan cost-benefit analysis for 750 professions

as estimates of the total student loan debt exceed $800 billion and default rates approach 9 percent, some commentators are beginning to wonder whether an expensive education is really worth it, at least from a financial perspective. the combination of skyrocketing tuition and a dismal job market creates an environment where many are struggling to pay off hefty loans.but this is more true of ...

loan insurance tops uk complaints table

london (reuters) - payment protection insurance (ppi) was britain's most complained-about financial product last year, accounting for nearly two thirds of consumer disputes mediated by the financial ombudsman service. ppi, which allows borrowers to keep up loan repayments if they lose their income, prompted a total of 157,716 disputes during 2011, the most ever generated by a single product...

fitch affirms access group's 2002 ffelp student loan abs

fitch ratings affirms the following ratings for access group, inc. under the 2002 indenture of trust :