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Lagos Reminiscent of the bearish days that characterised most of last year until March this year, the Nigeria's stock market suffered heavy setback last week, as the basic indicators of the Nigerian Stock Exchange (NSE), unlike in recent weeks, closed crimson red coloured.
Graduate to lower student loan costs (CNN Money)
Today the government will begin offering a repayment plan that lets graduates reduce their monthly student loan payments based on their 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 their debt.
Buyout-Backed Japanese Banks to Merge (New York Times)
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.
New Plan Ties Reduced College Loan Payments to Income (New York Times)
Starting Wednesday, the federal Education Department will begin offering a repayment plan that lets college graduates reduce their loan payments, based on their income.
Student Loan Consolidation (WCAV Charlottesville)
A new federal student loan program goes into effect next month, offering grads an opportunity to consolidate their loans at a low interest rate.
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