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Buyout-Backed Japanese Banks to Merge (New York Times) |
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Two Japanese banks backed by American investors said Wednesday that they would merge next year in a bid to recoup large losses on risky investments overseas and bad loans at home, The New York Timess Hiroko Tabuchi reports.
Government Program to Pay Student Loans (KESQ Palm Springs)
On July 1, 2009 a new government program started to help people pay off student loans. The plan lets graduates reduce their monthly student loan payments based on income. It's called the "Income-Based Repayment Plan" and it's available to borrowers who took out federal loans or used a federal consolidation loan to combine debt. To see if you qualify, click here .
Fitch: Ratings Impact Unlikely for U.S. FFELP Student Loan ABS on IBR Plan (Business Wire via Yahoo! Finance)
NEW YORK----While the newly implemented Income Based Repayment plan presents moderate implications for U.S. FFELP student loan ABS trust performance measures, FFELP ratings are expected to remain stable, according to Fitch Ratings.
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