non-profit organizations – Sociology Eso Science http://www.sociologyesoscience.com/ Wed, 23 Nov 2022 04:54:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.sociologyesoscience.com/wp-content/uploads/2021/06/favicon-6-150x150.png non-profit organizations – Sociology Eso Science http://www.sociologyesoscience.com/ 32 32 How to Get a $100,000 Personal Loan https://www.sociologyesoscience.com/how-to-get-a-100000-personal-loan/ Wed, 23 Nov 2022 04:54:09 +0000 https://www.sociologyesoscience.com/how-to-get-a-100000-personal-loan/ It is relatively simple to find personal loans of $10,000, $25,000 or even $50,000 with reasonable interest rates. However, it’s not as easy if you need a loan of $100,000, as higher loan amounts are riskier for lenders. Personal loans are not secured by any collateral, so the amount you can borrow is usually limited. […]]]>

It is relatively simple to find personal loans of $10,000, $25,000 or even $50,000 with reasonable interest rates. However, it’s not as easy if you need a loan of $100,000, as higher loan amounts are riskier for lenders. Personal loans are not secured by any collateral, so the amount you can borrow is usually limited.

The upside is that some lenders may be willing to approve you for a $100,000 personal loan, assuming you meet their requirements. You’ll likely pay high interest on a personal loan this size, so make sure you need the money and don’t have better options to get it.

How to determine if you need a $100,000 loan

Even with inflation, $100,000 is still a lot of money. There are few situations where taking out a personal loan and paying the high interest rate on a loan of this size is really necessary.
First, ask yourself if what you need money for can wait. Saving in advance can reduce the amount you need to borrow as well as the interest rate and fees you’ll need to pay. As you save, you may find that you don’t need to spend the money you originally planned.

If you really need $100,000 right now, look for alternatives. If you have $100,000 of equity in your home, a home equity loan may be a good alternative as long as you are comfortable with the risks of using your home equity as collateral. If you need money to start a business, a business loan can give you better interest rates and payment term options.

Conditions to benefit from a personal loan

Borrowers with excellent credit scores (720 or higher) have the best chance of being approved for a $100,000 personal loan. You will also likely get the lowest interest rate offered by the lender. If you don’t have great credit, you may not be approved for a $100,000 personal loan.

Although lenders do not publish their income requirements for loans of this size, it is safe to assume that they will want you to have a high income to borrow $100,000 without providing collateral.

They’ll probably want a debt-to-equity ratio below 36%, although some lenders will go higher. If you want to take out a $100,000 personal loan at 12% interest for five years, your monthly payment will be $2,224. If you have no other monthly debt, you must be earning $6,200 per month or more for a debt-to-income ratio of 36% to be approved.

If, for example, you have a combined monthly mortgage and car payment of $3,000, you will need a monthly income of $14,500 or more to be approved for a $100,000 personal loan with a term of payment of five years and an interest rate of 12%. .

Beyond proof of income and employment, be prepared to provide proof of identity so that the lender can confirm that you are who you say you are. In most cases, your driver’s license, state-issued ID, military ID, passport, birth certificate, or social security card will suffice. Most lenders require you to present two pieces of identification.

You will also need to provide proof of address through a utility bill, insurance statement, mortgage statement, rental agreement, bank statement, or a voter’s card.

Personal lenders who offer $100,000 loans

You can get a $100,000 personal loan from a traditional bank or credit union and have a better chance of being approved for a loan of that size if you already have a relationship with a bank. Online lenders are also a viable option. They often feature more flexible loan criteria and loan options, a simple application process, and fast funding times.

APR range Loan amount range Minimum credit score requirement
LightStream 7.99% – 22.49% (with automatic payment) $5,000 – $100,000 Not disclosed
SoFi 7.99% – 23.43% (with automatic payment) $5,000 – $100,000 680

LightStream

LightStream is ideal for borrowers who prefer longer repayment terms. You’ll have up to 7 years to repay the loan, and the interest rates are among the lowest you’ll find among lenders offering $100,000 personal loans. Autopay discounts are also available and you can get funds the same day your loan is approved. LightStream also gives you the option to choose a date in the future that coincides with the date you will incur the expense to receive the loan proceeds.

SoFi

SoFi is another no-fee loan option to secure a $100,000 personal loan. Borrowers can choose from several loan terms and access various educational resources to help improve their overall financial health. You can also add a co-signer to your loan application to boost your chances of approval. Unemployment protection is available to cover you if you lose your job and cannot repay your loan on time.

Costs of a $100,000 long-term personal loan

Your borrowing costs are determined by the term of the loan and the interest rate you receive. Since November 21, 2022, the average personal loan interest rate was 11.62% for 720-850 credit scores, 14.50% for 690-719 credit scores, 18.85% for 630-689 credit scores and 30.25% for credit scores 300-629. Although institutions do not publish their interest rates for $100,000 personal loans, it is safe to assume that they will charge an even higher rate than average for such a large unsecured loan.

Here are some examples of our personal loan calculator what your borrowing costs might look like on a $100,000 5-year loan by credit score:

  • Excellent credit (Interest rate of 11.62%): $2,205 monthly payment and $32,317.39 total interest paid
  • Average credit (interest rate of 18.85%): $2,586 monthly payment and $55,148.51 total interest paid
  • bad credit (30.25% interest rate): $3,251 monthly payment and $95,042.74 total interest paid

You can request a longer loan term if you prefer a more affordable monthly payment. However, lenders generally charge higher interest rates for extended repayment periods. Here are some illustrative examples using a loan term of 7 years:

  • Excellent credit (Interest rate of 11.62%): $1,745 monthly payment and $46,581.36 total interest paid
  • Average credit (Interest rate of 18.85%): $2,152 monthly payment and $80,759.42 total interest paid
  • bad credit (30.25% interest rate): $2,876 monthly payment and $141,594.81 total interest paid

At the end of the line

Although it can be difficult to obtain a $100,000 personal loan, some lenders offer loans for this amount. Consider getting a quote of at least three and compare interest rates, loan terms, and borrowing costs to find the best fit. Most importantly, review your budget to determine if you can comfortably afford the monthly loan payments or if you need to apply for a smaller loan.

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New York State Funds Electric Vehicle-Only Consumer Lending Platform https://www.sociologyesoscience.com/new-york-state-funds-electric-vehicle-only-consumer-lending-platform/ Thu, 17 Nov 2022 21:35:00 +0000 https://www.sociologyesoscience.com/new-york-state-funds-electric-vehicle-only-consumer-lending-platform/ Electric Vehicle Seed Company Principlewhich provides consumer loans for electric vehicles, today announced that it has secured $25 million in a first-of-its-kind warehouse from NY Green Bank for financing electric vehicle loans from the state of New York. If you are unfamiliar with the term warehouse financingit is “a form of inventory financing that involves […]]]>

Electric Vehicle Seed Company Principlewhich provides consumer loans for electric vehicles, today announced that it has secured $25 million in a first-of-its-kind warehouse from NY Green Bank for financing electric vehicle loans from the state of New York.

If you are unfamiliar with the term warehouse financingit is “a form of inventory financing that involves a loan made by a financial institution to a company, manufacturer or processor”.

NY Green Bank, a division of the New York State Energy Research and Development Authority, provides Tenet with a $10 million warehouse with up to $15 million in additional capital available.

This is the first time a leading government financial institution has funded an EV-only warehouse, and the resulting rates are expected to help make EV ownership more affordable for New York residents. .

Andrew Kessler, President of NY Green Bank, said:

NY Green Bank is proud to support Tenet’s innovative electric vehicle financing model to help more New Yorkers access electric vehicles. Tenet’s model has the potential to generate substantial savings that reward individuals for adopting a climate-friendly lifestyle.

Accelerating the adoption of electric vehicles supports the state’s goal of reducing greenhouse gas emissions by 85% by 2050.

A little over a week ago, Tenet announcement the very first warehouse dedicated to electric vehicles, and today is the first time that a government green bank has financed one.

Electrek asked Tenet what makes it different from traditional lenders, and their spokesperson replied:

We offer rates competitive with other lenders (or in the case of Tesla financing, 0.25% lower), but unlike other lenders, we offer loan terms of up to 84 months.

We also offer a deferred payment option that allows drivers to immediately reduce their monthly payments by deferring up to 25% of their down payment until the end of their loan term.

Tax credits of $7,500 and federal rebates can be used to pay that final sum, or many choose to refinance or trade in at the end of their term.

Traditional lenders treat electric vehicles and gas-powered cars the same, disregarding the better value retention of an electric vehicle compared to a gas-powered car.

In September, New York State set an objective to ensure that all new passenger cars and trucks sold in the state will be zero emissions by 2035.


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In-form striker among West Brom starlets attracting loan interest, report claims https://www.sociologyesoscience.com/in-form-striker-among-west-brom-starlets-attracting-loan-interest-report-claims/ Tue, 15 Nov 2022 09:14:09 +0000 https://www.sociologyesoscience.com/in-form-striker-among-west-brom-starlets-attracting-loan-interest-report-claims/ West Brom starlets Reyes Cleary, Ethan Ingram and Zac Ashworth are among Baggies youngsters attracting loan interest ahead of January, birmingham live said. West Brom’s youth academy has produced some of the best talent over the years. Of the current generation of youngsters, forward Cleary is probably the most exciting talent. The powerful 18-year-old has […]]]>

West Brom starlets Reyes Cleary, Ethan Ingram and Zac Ashworth are among Baggies youngsters attracting loan interest ahead of January, birmingham live said.

West Brom’s youth academy has produced some of the best talent over the years.

Of the current generation of youngsters, forward Cleary is probably the most exciting talent. The powerful 18-year-old has been prolific at youth level for the Baggies and currently has 11 goals in seven Premier League 2 appearances this season.

His form has seen him earn four senior appearances and now it looks like his record is attracting interest from elsewhere as well.

birmingham live says Cleary is among West Brom talent attracting loan interest from the EFL. Full-backs Ethan Ingram and Zac Ashworth are also attracting attention after being impressive for the U21s alongside Cleary so far this campaign.

They are said to be able to get loan releases in January, but it remains to be seen how their situation will play out.

Better for development?

As much as West Brom will want a successful youth team, if loan outs for their best youngsters are best for their career prospects, they should see temporary moves sanctioned in January.

It will be interesting to see what they choose to do though. In terms of senior experience, they’re all pretty raw, having played just 12 times for the Baggies first team between them.

That’s why a loan might be better though. A strong spell away from the Hawthorns could accelerate them towards the senior side and give them a valuable test of first-team football before making the move to West Brom.

Moves will need to be carefully considered, but winter outings could be beneficial for all parties.

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Application for student loan forgiveness closed after court ruling https://www.sociologyesoscience.com/application-for-student-loan-forgiveness-closed-after-court-ruling/ Fri, 11 Nov 2022 19:30:00 +0000 https://www.sociologyesoscience.com/application-for-student-loan-forgiveness-closed-after-court-ruling/ A district judge ruled Biden’s debt relief plan unconstitutional in Brown v. Department of Education. The administration is appealing the decision. President Joe Biden announced his administration’s plan for the widespread cancellation of student loans at the end of August. Under this planned program, the Ministry of Education would forgive $10,000 of student debt for […]]]>

A district judge ruled Biden’s debt relief plan unconstitutional in Brown v. Department of Education. The administration is appealing the decision.

President Joe Biden announced his administration’s plan for the widespread cancellation of student loans at the end of August. Under this planned program, the Ministry of Education would forgive $10,000 of student debt for anyone earning less than $125,000 a year and $20,000 of student debt for people under this annual income limit who have received Pell grants.

In October, applications to receive this $10,000 or $20,000 in student debt relief opened. Although the administration did not give a specific timeline as to when it would forgo the loans, it said the pause in loan repayments would end in January 2023.

An earlier court order suspended the program, but only while an appeals judge considered the merits of a lawsuit against the administration. At that time, the application remained open. But now people claim The app has been closed.

THE QUESTION

Did the Biden administration withdraw the request for student loan forgiveness after a court ruling?

THE SOURCES

THE ANSWER

Yes, the Biden administration withdrew the request for student loan forgiveness after a court ruling.

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WHAT WE FOUND

On November 10, 2022, a U.S. District Court Judge in Texas sided with the plaintiffs in Brown v. US Department of Education, a lawsuit in which the plaintiffs sought an end to the student loan forgiveness program. The plaintiffs allege that the Department of Education unlawfully ignored the notice and comment requirement of the Administrative Procedure Act, which requires federal agencies to solicit public comment before making rules.

The judge blocked the pardon program after declaring it “illegal”.

On November 11, 2022, the application form for the Student Loan Forgiveness Program has been withdrawn.

“Courts have issued orders blocking our student debt relief program,” the application form webpage reads. November 11th. “As a result, at this time, we are not accepting applications. We are seeking to rescind these orders.

This is different from the November 10 post, when the app was still available.

“Following a court order, we are temporarily prevented from processing debt discharges,” read the notice on November 10, with the app still open underneath. “We encourage you to apply if you are eligible. We will continue to review applications. We’ll process releases quickly when we’re able to and you won’t need to re-apply.

More CHECK: Yes, court order suspended Biden’s student loan forgiveness program

The change between November 10 and November 11th is also reflected on the Student Debt Relief information page. The Department of Education has indicated it will retain applications from people who have already applied, while the Biden administration seeks to appeal.

Prior to the latest decision, the debt release was only temporarily suspended while a judge considered a decision on another lawsuit. Since October 20, the Court of Appeals for the Eighth Circuit of the United States has considered an appeal in Nebraska State vs. Biden, a lawsuit in which attorneys general from six states say the pardon program would cause financial harm to their state, after a district court sided with the Biden administration. On October 24, the Court of Appeal ordered a stay barring the Biden administration from paying off any student debt under its plan while the court considers the appeal.

In Brown v. US Department of Education, the district court ruled against the administration and the pardon program, declare administration program “an unconstitutional exercise of congressional legislative power” that “must be struck down.”

The Ministry of Education has filed an appeal, which would take the case to the Fifth Circuit Court of Appeals. There, a judge will uphold the lower court’s decision, leaving the program vacant, or overturn the decision and lift the blocking of the program. Whatever decision the court makes, it is likely that the lawsuit will then be appealed to the Supreme Court. If the Supreme Court refuses to rule on the case, the decision rendered by the Court of Appeal will be final.

Even if the Fifth Circuit quickly sides with the administration, the Department of Education will not be able to pay its debt under the program until all court orders temporarily blocking the program or canceling it entirely will not be lifted. Currently, the temporary stay issued by the judge in State of Nebraska v. Biden is the only other court order blocking the program.

More CHECK: Quick Facts About Student Loan Forgiveness

More CHECK: Yes, a change to the Student Loan Forgiveness Plan excludes some borrowers from relief

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Economists offer their picks for home loan rates https://www.sociologyesoscience.com/economists-offer-their-picks-for-home-loan-rates/ Wed, 09 Nov 2022 01:45:00 +0000 https://www.sociologyesoscience.com/economists-offer-their-picks-for-home-loan-rates/ Interest rates have risen rapidly over the past year, and the official exchange rate (OCR) is expected to rise further this month. So where does that leave borrowers? ASB economists said the best home loan rate to choose would depend on individual circumstances. “Everyone wants to get the ‘best’ deal on their mortgage,” they said. […]]]>

Interest rates have risen rapidly over the past year, and the official exchange rate (OCR) is expected to rise further this month.

So where does that leave borrowers?

ASB economists said the best home loan rate to choose would depend on individual circumstances.

“Everyone wants to get the ‘best’ deal on their mortgage,” they said.

READ MORE:
* Is it time to fix your mortgage for the longer term?
* How high will interest rates go in 2022?
* Rising mortgage rates: what is the best fixing strategy?

“Determining which strategy is best is easier said than done given the number of influences that affect mortgage interest rates and the differing demands of individual borrowers for flexibility and certainty.”

They said it wasn’t always as simple as going for the lowest rate offered.

Currently, the big four banks offer one-year rates of 5.99%, two-year rates between 6.09% and 6.19%, and three-year rates between 6.19% and 6.29%.

ASB economists said they expect fixed rates to peak between 7% and 7.5% over the coming year, while floating rates could reach around 9%.

“However, as is often the case, the outlook is far from certain. Our baseline expectation is that mortgage interest rates over the next decade will be near or potentially below the long-term averages of the past 20 years, rather than rushing to the higher levels seen before the global financial crisis.

At the moment, you pay more for certainty.

123RF

At the moment, you pay more for certainty.

A strategy of fixing a series of one-year terms has proven to be the cheapest lately, but anyone considering doing so should budget for higher rate periods, they said.

ASB chief economist Nick Tuffley said some of the longer-term fixes could work well.

“Looking at what will provide the cheapest cost over the next five years, fixing around two or three years at the moment seems to be the cost saving option, based on our view that the ‘OCR will reach 5.25%.

“Some considerations for these terms are that if the Reserve Bank were to reduce the OCR earlier than the second half of 2024 – our current assumption – then borrowers would miss a potential opportunity to benefit earlier from lower interest rates, although a two-year term will allow this benefit to occur sooner.But if inflationary pressures continue to prove unexpectedly persistent, then a two-year term will not protect against higher interest rates as well. longer than a term of three years or even a longer term.

His colleague, Chris Tennent-Brown, said that before the latest round of interest rate hikes, he thought two- and three-year rates were low compared to where they should be.

“Now they’ve risen to exactly where I thought they should be, so they’re not as appealing.

“Nevertheless, a one- to three-year peg seems logical, given that all the forecasters and the Reserve Bank are talking about rate hikes and rate cuts are far from possible, unless the he economy is performing much worse than expected, and getting a few years of certainty on mortgage payments, at levels close to the average of the last 20 years, still makes sense for people looking for certainty.

Independent economist Tony Alexander said if he set a loan it would go for one or two years, based on the hope that the Reserve Bank would be able to suppress inflation eventually and that long-term rates would fall in the second half. of 2023.

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When could student borrowers find out if they are actually getting relief? https://www.sociologyesoscience.com/when-could-student-borrowers-find-out-if-they-are-actually-getting-relief/ Sun, 06 Nov 2022 12:30:00 +0000 https://www.sociologyesoscience.com/when-could-student-borrowers-find-out-if-they-are-actually-getting-relief/ Millions of student borrowers find themselves on hot coals, waiting to see if they will actually get the relief offered by President Biden as challenges to his debt cancellation plan wind their way through the courts. The Biden administration opened applications for student loan forgiveness last month and planned to begin applying the relief this […]]]>

Millions of student borrowers find themselves on hot coals, waiting to see if they will actually get the relief offered by President Biden as challenges to his debt cancellation plan wind their way through the courts.

The Biden administration opened applications for student loan forgiveness last month and planned to begin applying the relief this month, but those actions stalled after the U.S. Court of Appeals for the 8th circuit has temporarily blocked the measurement.

Of the multiple court cases across the country, a six-state GOP-led challenge is the only one that has succeeded so far in stopping the program, at least for now.

The administration plans to forgive up to $10,000 in federal student loans for borrowers earning less than $125,000 a year and up to $20,000 for Pell Grant recipients. But the 8th Circuit issued an order two weeks ago to stop the relief distribution while it considers arguments over whether states have standing to pursue the plan.

A federal district judge previously ruled that the six Republican attorneys general who sued lacked standing because they could not show that Biden’s agenda directly harmed their states.

The 8th Circuit ended up suspending the relief program to give both sides time to submit their briefings before making a full decision on whether the pardon should be put on hold until the entire matter is settled. .

Abby Shafroth, director of the National Consumer Law Center’s Student Loan Borrower Assistance Project, told The Hill that borrowers “will have a decision” from the 8th Circuit soon after these briefings are submitted.

Legal experts said the court’s decision on whether the states have standing could be key to determining whether the administration will be allowed to grant aid in the coming weeks or months, if at all.

Michael Sant’Ambrogio, law professor and senior associate dean for faculty and academic affairs at Michigan State University, said a decision on the states’ motion for a preliminary injunction is expected soon, but litigation is “rarely quick” if the full case goes to trial.

“If they grant the preliminary injunction, I would say all bets are off,” he said.

Biden said in an interview with Reshad Hudson of Nexstar last week that he expected the aid to be paid within two weeks, but experts said this is only possible if the injunction is refused.

Sant’Ambrogio said the Supreme Court has increasingly curtailed the power of the executive branch to act without clear direction from Congress, and that the states’ challenge could succeed based on the argument that Congress is not never expressly endorsed a broad pardon.

“This is a very bold move on the part of the administration, and there are certainly questions given how the Supreme Court interpreted the power of the executive branch and federal agencies,” Sant’Ambrogio said.

While Shafroth acknowledges that court cases can take a long time, she doesn’t expect student debt relief challenges to last too long or courts to halt the program while they decide.

She said it was “unusual for courts to order a party to do or not do something before a case has been decided”.

“Normally a judge would find that the government is breaking the law before ordering them to stop,” Shafroth said.

The six states that sued — Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina — pointed in their lawsuit to Congress’ multiple failed attempts to cancel the debt in recent years. as evidence of a lack of congressional authorization for the administration’s action.

If the Court of Appeal decides that the States have standing and grants the preliminary injunction, their pleadings on the merits of the case would not be due until mid-December. The government would then have 30 days to respond, and the states would have an additional 21 days to respond to that rebuttal, which would almost certainly result in the case being opened next year.

A COVID-19 pandemic-era pause on borrowers making payments on their loans is set to end Dec. 31, but the Biden administration may seek to extend it again. The administration had urged borrowers to apply for relief by mid-November to ensure they receive it in time for the break to end.

“I find it hard to imagine that all of this will be over in less than at least a month. It could be two or three months before the injunction is finally lifted,” said Thomas Bennett, associate professor of law at the University of Missouri. “And of course, if the appellate courts agreed with the states that they have standing, it could be a lot longer.”

He said each side could appeal a potential 8th Circuit ruling to the Supreme Court on an expedited basis, adding that the High Court may be more likely to take it if the feds lose at the appellate level. .

He said the Supreme Court may also be more likely to take up cases challenging the program if multiple appeals courts issue different rulings on the program’s constitutionality.

Shafroth pointed out that the Supreme Court had previously declined to get involved in a case involving the debt relief program, Brown County Taxpayers Association v. Biden, and she didn’t expect them to get involved in Garrison v. Department of Education – a prediction that proved correct on Friday when Judge Amy Coney Barrett refused an emergency effort to block the pardon program in the Garrison case.

“It remains to be seen whether any of the other cases will make it all the way to the Supreme Court,” Shafroth said.

Bennett, in response to Biden’s prediction, said, “There is unlikely to be any real loan forgiveness in the next two weeks.”

“But in the next four weeks, in the next six weeks, I think it becomes more and more plausible if they are able to win,” he added, referring to the administration.

Although Shafroth said it was difficult to pinpoint exactly when this might be resolved by the courts, she said she did not expect a long delay in decisions.

“The parties are very clearly, on both sides, interested in resolving these cases quickly, so they agree to fast briefing times. The courts also recognize the great importance of these cases and resolve them quickly,” she said.

“I think hopefully it will all be resolved fairly quickly,” Shafroth said.

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Student loan scams have stolen about $5 billion from Americans this year https://www.sociologyesoscience.com/student-loan-scams-have-stolen-about-5-billion-from-americans-this-year/ Thu, 03 Nov 2022 14:52:50 +0000 https://www.sociologyesoscience.com/student-loan-scams-have-stolen-about-5-billion-from-americans-this-year/ Student loan scams account for about 10% of all robocall traffic, according to RoboKiller. Getty Americans have lost billions of dollars to student loan scammers this year as the Biden administration scrambles to provide student debt forgiveness to tens of millions of borrowers. Scammers took advantage of the buzz and confusion around loan forgiveness this […]]]>

Americans have lost billions of dollars to student loan scammers this year as the Biden administration scrambles to provide student debt forgiveness to tens of millions of borrowers. Scammers took advantage of the buzz and confusion around loan forgiveness this fall, convincing many people to part with their money and personal information.

“Scammers watch the news,” said Giulia Porter, vice president of call and text blocking app RoboKiller. “They follow trends and design more believable scams.”

RoboKiller estimates that crooks stole $5 billion from Americans in student loan scams this year. The company uses Federal Trade Commission data on reported financial losses as well as its own data on scam types and call volume to come up with its estimates. In 2021, the FTC received 2.8 million fraud reports– a quarter of which also reported financial losses which totaled $5.9 billion in total reported losses for the year. This total does not include monetary losses resulting from identity theft.

So far this year, RoboKiller has seen around 700 million student loan-related robocalls per month. The volume of fraudulent texts spiked in August after the Biden administration announced plans to forgive up to $20,000 in federal student loan debt per borrower, Porter said. Prior to the announcement, RoboKiller was receiving between 2 and 3 million student loan scam text messages per month. In August, that monthly total rose to 9 million. “One of the new ways the government is reaching people is through text messages,” Porter said. “That would be why this increase is so significant.” Federal Student Aid sends text alerts to borrowers who sign up to receive them.

Student loan scams account for about 10% of all robocalls, according to data from RoboKiller. It’s one of the top five topics for scammers, second only to the infamous extended car warranty scams which account for around 15-20% of all robocalls.

Student loan scammers typically employ one of two strategies: too-good-to-be-true offers or impersonation, Porter said. Too-good-to-be-true scams often encourage potential victims to act quickly and pay a fee to claim a stellar refinance rate or full loan forgiveness. Sometimes these offers come from legitimate companies that push the boundaries of consumer protection law and send robocalls and text messages.

“There are shade levels in what they offer. When you call people and offer them a great student loan finance rate, there’s no fine print you can send people over the phone,” Porter said. “There is definitely a gray area there. It might be a legit agency, but the offer itself might not be as good as it looks.

Impersonation scams have become more popular since the Biden administration’s announcement, Porter said. Fraudulent callers will impersonate the Department of Education or departmental loan officers and encourage people to hand over personally identifying information or pay a fee to access the federal loan forgiveness program. (You can get advice on the right way to apply for student loan forgiveness here.)

RoboKiller is not in a position to know where the scams come from or how the scammers target the phone numbers to call. Most scammers use caller ID spoofing to hide their real phone number.

“It’s possible that somehow the data about who has student loans is getting into the wrong hands,” Porter said. “The number of student loans is big enough that it seems like…there’s a chance that scammers will send out a lot of robocalls hoping they’ll get someone with student loans.”

The Ministry of Education has warned borrowers against scammers in official messages on student debt forgiveness. In automated debt relief request confirmation emails, the department tells borrowers to beware of scams and lists three official email addresses from which borrowers can receive legitimate emails. The same message is posted on the studentaid.gov website.

“You might be contacted by a company telling you that they will help you get a loan discharge, forgiveness, cancellation or debt relief for a fee. You never have to pay aid with your federal student aid,” the department warns. “Be sure to work only with the U.S. Department of Education and our loan services, and never reveal your personal information or account password to anyone.”

A Reddit user who posted on r/Scams detailed a scam from his partner two months ago that demanded four payments of $200 in exchange for partial loan forgiveness and a repayment rate of $10 per month for the rest of their loans. Another user described being scammed in September after receiving a letter in the mail detailing the exact balance of his loan. The user called the number listed in the letter and, in a two-hour phone call, gave his social security number, bank account, and routing number.

“I’m embarrassed because I didn’t trust my intuition ‘oh this sounds too good to be true,'” the user wrote.

Even the most tech-savvy people can fall for increasingly sophisticated scam calls and text messages, Porter warned. Anyone who loses money or personal information to a scam should report it to the FTC and work with their bank to recover the losses, she advised.

“I know so many very smart people who just answer the phone, and they may have done something recently with student loans. You think you can figure out what’s a scam and what’s not, but you can really handle it,” Porter said. “It’s very, very devastating for some, especially those who are just trying to get out of debt.”

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Renewcell 1 Reaches “Commercial Operations Date” Under Loan Agreements https://www.sociologyesoscience.com/renewcell-1-reaches-commercial-operations-date-under-loan-agreements/ Mon, 31 Oct 2022 16:17:00 +0000 https://www.sociologyesoscience.com/renewcell-1-reaches-commercial-operations-date-under-loan-agreements/ STOCKHOLM, SE / ACCESSWIRE / October 31, 2022 / Re:NewCell AB (publ) (FRA:6QP) (STO:RENEW) The company was advised today that the lenders technical advisor has certified that Renewcell 1 has reached the date of commercial exploitation (COD). The COD is a date defined in the loan agreements that represents the day the production line reaches […]]]>

STOCKHOLM, SE / ACCESSWIRE / October 31, 2022 / Re:NewCell AB (publ) (FRA:6QP) (STO:RENEW) The company was advised today that the lenders technical advisor has certified that Renewcell 1 has reached the date of commercial exploitation (COD). The COD is a date defined in the loan agreements that represents the day the production line reaches functionality for commercial production.

As a result, the company now has access to a recently signed revolving credit facility for working capital financing of up to SEK 150 million. In addition, the Company will request the release of certain funds from blocked cash reserves.

This is an important operational milestone, and the Company is now close to commercial production and sales at Renewcell 1. Commercial production and sales are dependent on meeting certain additional product quality parameters, which is expected in a close future.

About Renewcell

Founded by innovators at Stockholm’s KTH Royal Institute of Technology in 2012, Re:NewCell AB (publ) (“Renewcell”) is a Swedish-based multi-award winning sustainable technology company. The company’s vision is to make fashion circular.

Thanks to its patented process, Renewcell is able to recycle cellulosic textile waste, such as cotton clothing, by transforming it into a new virgin material called Circulose®. Drapers Magazine recognized Circulose® at its 2022 Sustainable Fashion Awards. Fast Company named Renewcell one of the World’s Most Innovative Companies of 2021. Circulose® was also on TIME magazine’s 2020 Top 100 Inventions list.

Renewcell is a publicly traded company whose shares trade on the Nasdaq First North Premier Growth Market under the ticker symbol RENEW and ISIN code SE0014960431. FNCA Sweden AB is Certified Adviser, +46(0)8-528 00 399, info@fnca.se.

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Renewcell 1 Reaches “Commercial Operations Date” Under Loan Agreements

THE SOURCE: Re:NewCell AB (published)

See the source version on accesswire.com:
https://www.accesswire.com/723097/Renewcell-1-reaches-Commercial-Operations-Date-in-accordance-with-loan-agreements

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Monday’s student loan deadline could help some borrowers save thousands https://www.sociologyesoscience.com/mondays-student-loan-deadline-could-help-some-borrowers-save-thousands/ Fri, 28 Oct 2022 23:08:00 +0000 https://www.sociologyesoscience.com/mondays-student-loan-deadline-could-help-some-borrowers-save-thousands/ Much attention has been paid to President Biden’s student loan forgiveness plan, but the deadline is fast approaching for another program that could be worth a lot more money for some student borrowers. A waiver, which relaxed the rules of the federal Public Service Loan Forgiveness Program – or PSLF – expires Monday, October 31. […]]]>

Much attention has been paid to President Biden’s student loan forgiveness plan, but the deadline is fast approaching for another program that could be worth a lot more money for some student borrowers. A waiver, which relaxed the rules of the federal Public Service Loan Forgiveness Program – or PSLF – expires Monday, October 31. The waiver could help erase tens of thousands of dollars in student loan debt for teachers, police officers, paramedics, or anyone who has worked for any level of government or certain nonprofits. Experts say that even if you were told you weren’t eligible for the PSLF, you should check before Monday’s deadline to see if that has changed under the new rules. I didn’t pay attention to it because I was told years ago that I didn’t qualify,” said Betsy Mayotte, president and founder of the Institute of Student Loan Advisors or TISLA, an organization in Massachusetts-based nonprofit that provides free, unbiased student loan advice. . “The biggest so far had almost half a million dollars handed over.” Borrowers had to have a direct federal loan and make payments on an income-based repayment plan while working for an eligible employer. Each of these requirements had to be completed monthly for 10 years to earn credit for the program. But the waiver brought several important changes. “Under this waiver, any payment plan counts, any payment counts,” Mayotte said. “You might be late. You might be short on payment, and they’re also counting payments on other federal loans that normally don’t count.” That means payments on older federal loans like Perkins Loans and Federal Family Education Loans — or FFEL — now count. Another change: You don’t need to work for the government or a nonprofit to get a pardon, which means people who have retired, changed jobs, or perhaps stopped working for stay home with children should check to see if they are eligible. Click here to learn more about the program. “There is something called the PSLF helper tool. As long as you generate at least one form on the helper tool by the 31st that is finally submitted and approved, you are done under the waiver,” Mayotte said. the waiver expanded the types of eligible loans and payments, the key to the public service rebate remains 10 years to make a certain type of payment while working for the government or a non-profit organization.

Much attention has been paid to President Biden’s student loan forgiveness plan, but the deadline is fast approaching for another program that could be worth a lot more money for some student borrowers.

A waiver, which relaxed the rules of the federal Public Service Loan Forgiveness Program – or PSLF – expires Monday, October 31. The waiver could help erase tens of thousands of dollars in student loan debt for teachers, police officers, paramedics or anyone who worked for any level of government or certain non-profit organizations.

Experts say that even if you were told you weren’t eligible for the PSLF, you should check before Monday’s deadline to see if that has changed under the new rules.

“These are the people I see the most [who say] I didn’t pay attention to it because I was told years ago that I didn’t qualify,” said Betsy Mayotte, president and founder of the Institute of Student Loan Counselors or TISLA, a Massachusetts-based nonprofit that provides free, unbiased student loan advice. “The biggest so far had almost half a million dollars forgiven.”

Previously, the forgiveness of civil service loans had very strict rules. Borrowers had to have a direct federal loan and make payments on an income-based repayment plan while working for an eligible employer. Each of these requirements had to be completed monthly for 10 years to earn credit for the program.

But the waiver brought several important changes.

“Under this waiver, any payment plan counts, any payment counts,” Mayotte said. “You might be late. You might be short on payment, and they’re also counting payments on other federal loans that normally don’t count.”

That means payments on old federal loans like Perkins loans and Federal Family Education Loans — or FFEL — now count. Another change: You don’t need to work for the government or a nonprofit to get a pardon, which means people who have retired, changed jobs, or perhaps stopped working for staying home with children should check to see if they are eligible.

Click here to learn more about the program.

“There is something called the PSLF helper tool. As long as you generate at least one form on the helper tool by the 31st that is finally submitted and approved, you are done under the waiver,” Mayotte said.

While the waiver expanded the types of eligible loans and payments, the key to the public service rebate remains 10 years to make a certain type of payment while working for the government or a nonprofit organization.

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Samuel Lino talks about Valencia loan, Atletico Madrid return, Gattuso, Simeone and Barcelona clash https://www.sociologyesoscience.com/samuel-lino-talks-about-valencia-loan-atletico-madrid-return-gattuso-simeone-and-barcelona-clash/ Tue, 25 Oct 2022 14:38:00 +0000 https://www.sociologyesoscience.com/samuel-lino-talks-about-valencia-loan-atletico-madrid-return-gattuso-simeone-and-barcelona-clash/ As Samuel Lino joined Atletico Madrid in the summer, there was a lot of excitement surrounding his arrival. But soon after his arrival, the young striker was loaned out to fellow La Liga club Valencia. having joined Los Chethe Brazilian winger emerged as something of a revelation at the start of the 2022/23 campaign. The […]]]>

As Samuel Lino joined Atletico Madrid in the summer, there was a lot of excitement surrounding his arrival. But soon after his arrival, the young striker was loaned out to fellow La Liga club Valencia.

having joined Los Chethe Brazilian winger emerged as something of a revelation at the start of the 2022/23 campaign.

The 22-year-old spoke about his start to life at the Mestalla and whether he aims to break into the athlete first team soon in an interview with MARK.

To be an undisputed starter in Valencia“I always appreciate the coach’s confidence in my work. I don’t have much to say, I’m very happy and I want to continue playing all the matches. I hope the coach will give me continuity.

On Gennaro Gattuso and Diego Simeone: “The coach is not too much to praise the players because he wants you to keep working. It talks about how we play and do things in games. He always talks and motivates us to improve, that helped me a lot. With Simeone, I said goodbye to him and each of us went our own way.

Whether he would be happy to stay on loan at Valencia or return to Atletico Madrid: “It’s a very difficult question because they are two big clubs. I am focused on the present, here in Valencia. I have a contract with Atlético but my heart only thinks of Valencia, playing. At Atlético we will think about it later, I want to be focused and have a good season.”

On whether he would like to continue playing for Valencia next season: “I want to play at Valencia until the end of the season, nobody told me about it because the season has started recently. Now I’m thinking about Valencia, we’ll talk about the future later.

On his instant adaptation to Spanish football: “La Liga is a bit different. There’s a lot of intensity here, you have to be quicker and think better, it’s intense and higher quality football. Portugal have very good football which prepares you for big matches. “other leagues in Europe. This change was very good. And it helped me a lot.”

Be part of a young locker room“Our dressing room is very good, we have a lot of friendship, we are united in good times and bad. It’s football, we can beat Barca and leave it all behind. We have a strong mentality.”

Achieve team goals before thinking about European football “In the locker room, we talk about the same thing as the coach, the objective is to get 40 points and then we talk about Europe and other things. We need to get 40 points as fast as possible and then we’ll see what we do.

On scoring goals“I hope to score as much as last year, now I haven’t scored many but I have a very strong mentality to have a great season. When I’m done I hope to have 14 goals or more, I’m not thinking of a goal but to score in every game.

On Valencia’s game against Sevilla in the second half“In the second half, we let go a bit. The coach talks with us to improve, have a strong mentality, we have to play well in the 90 games. We are going to play a great match against Barça.

May Barcelona be in good shape before the next league clash: “It’s a delicate moment, there are two draws and a defeat, but we will go out to win. They are one of the best teams in the world, but we also have very good players here. It will be a great game; we will fight and when the game is over we will know.

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