Online loans – IPDA Online http://ipdaonline.org/ Thu, 04 Aug 2022 12:09:15 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://ipdaonline.org/wp-content/uploads/2021/08/icon-2021-08-02T225720.860.png Online loans – IPDA Online http://ipdaonline.org/ 32 32 10 employers who pay tuition – Forbes Advisor https://ipdaonline.org/10-employers-who-pay-tuition-forbes-advisor/ Thu, 04 Aug 2022 11:35:21 +0000 https://ipdaonline.org/10-employers-who-pay-tuition-forbes-advisor/ Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. The cost of a college education is higher than ever, and many students are graduating with five-figure student debt. According to the College Board, the average tuition in the state is $10,740 […]]]>

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors.

The cost of a college education is higher than ever, and many students are graduating with five-figure student debt. According to the College Board, the average tuition in the state is $10,740 per year at a four-year public institution. For students attending a private, nonprofit four-year school, the average tuition jumps to $38,070 per year.

Some employers help reduce this financial burden for their employees through tuition reimbursement benefits. Here’s what you need to know about tuition reimbursement and where you can find jobs that pay for college.

How Tuition Reimbursement Works

Education reimbursement programs can help both employees and employers. Workers get a free or discounted degree, while companies can entice potential employees to join the company and help retain top talent, especially in highly competitive recruitment markets. Additionally, investing in existing employees by providing training opportunities is beneficial to the business.

These reimbursement programs are becoming more and more common. Forty-seven percent of employers offered tuition assistance in 2020, according to the Society for Human Resource Management.

Jobs that help pay for a college education usually require you to continue working for the company while enrolled in your degree program. Depending on your employer’s policy, you may need to pay your tuition up front or send funds directly to your school. The employer will partially or fully reimburse your tuition fees once you have successfully completed your courses.

Each employer has their own policy regarding eligibility, program criteria and other requirements. Here are some details to watch out for:

  • School or program leading to an eligible degree. The company may restrict the institutions eligible for the benefit. It could also limit reimbursable tuition to programs and courses directly related to your job or industry.
  • Academic performance. Some employers offer tiered reimbursement amounts based on the grade you get for each course.
  • Seniority of employees. The tuition reimbursement benefit may only be available to employees who have been with the company for a while, for example, those who have been with the company for at least three years.
  • Limit on the amount of benefits. Not all companies offer a full tuition benefit. Some companies reimburse a percentage of your overall tuition.
  • Continuous employment clause. A company refund policy may require you to stay with the company for a predefined period (eg two years) after completing your program.

Be aware that if you leave the company shortly after receiving the refund, you may have to repay the amount of benefits you have already received. Talk to your human resources team to find out their policy.

10 jobs that pay for college

If your current employer doesn’t offer tuition reimbursement or you’re looking for a new job, here’s a list of jobs that will help pay for your education while you’re employed.

1. Amazon

Amazon associates who have worked with the company for at least 90 days are eligible for the Amazon Career Choice program. The company prepays 100% of costs associated with the school, including tuition, books, and fees.

Participants must enroll in a program or course through an Amazon partner institution. Eligible educational opportunities include General Education Development (GED) and English as a Second Language (ESL) courses, additional professional training, as well as associate’s and bachelor’s degree programs with no lifetime limit.

2.Boeing

Boeing’s Learning Together program provides employees with up to $25,000 per year in tuition for certain certifications and degree programs. You must enroll in a partner school and pursue a strategic field, such as aeronautical studies, business, human resources and manufacturing.

From your first day at Boeing, you will have access to this benefit. The company pays the school on your behalf so you don’t have to provide funds up front.

3.Disney

Full-time and part-time Disney employees may be eligible for tuition assistance. Disney pays 100% of employee tuition for classes and programs through one of its partner institutions. It also provides reimbursements for books and fees to keep costs manageable.

Employees can train in a skilled trade, enroll in a master’s program, and everything in between.

4. Home Depot

The Home Depot helps pay for college in installment amounts each year, depending on whether you are salaried or work as a full-time or part-time hourly employee. It provides an annual reimbursement benefit of up to $5,000 for salaried workers. Full-time and part-time employees can receive up to $3,000 and $1,500, respectively. Up to 50% of tuition, books and fees can be reimbursed.

A variety of degree and technical programs are eligible; however, they must follow policy guidelines and be approved in advance.

5. Lowe’s

Through its partnership with Guild Education, Lowe’s also offers a competitive tuition reimbursement program. Full-time and part-time associates can earn a college degree in some programs, as well as enroll in certificate and high school courses.

Eligible associates can receive up to $2,500 in tuition assistance per year, which can also be used to cover books and fees.

6. Publix

Employees who have worked at Publix for 90 days are eligible to participate in the company’s tuition reimbursement program. His jobs pay for undergraduate college programs in certain fields of study, individual courses, and vocational or trades programs.

Participants enrolled in an accredited college or university may receive reimbursement of $4,000 per calendar year with a lifetime maximum limit of $16,000.

7.Qualcomm

Qualcomm provides full tuition reimbursement for employees pursuing an undergraduate or graduate degree. You can attend any accredited school; some online courses are also covered.

8.Starbucks

Starbucks jobs offer 100% tuition assistance for permanent part-time and full-time employees pursuing bachelor’s degrees for the first time. Costs of books or other non-school expenses are not covered.

The benefit is only offered for Arizona State University online programs, although the school offers more than 100 degree programs to choose from.

9. Target

Target offers tuition assistance to part-time and full-time employees. Participants who complete a specific program as part of its debt-free education journey can have 100% of the costs covered by the company. With this opportunity, you can attend one of 40 partner schools and choose from over 250 degree programs.

If you choose to enroll in a field of study outside of those offered by debt-free education, Target provides up to $5,250 in upfront assistance per year for non-master’s degrees and up to 10 $000 per year for master’s degrees.

10. Waste management

Waste Management employees who enroll in relevant educational programs through a partner institution may receive tuition assistance. It covers 100% of tuition, books, and fees for a GED, college preparatory courses, and some undergraduate degree programs. Even spouses and dependents can take advantage of this benefit.

Employees pursuing a master’s degree may receive up to $12,000 per year for their education costs.

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Stimulus loan to fuel 40-job expansion at used-car retailer CarOOn https://ipdaonline.org/stimulus-loan-to-fuel-40-job-expansion-at-used-car-retailer-caroon/ Tue, 02 Aug 2022 08:21:51 +0000 https://ipdaonline.org/stimulus-loan-to-fuel-40-job-expansion-at-used-car-retailer-caroon/ Milton Keynes-based used car retailer CarOOn is preparing to create 40 new jobs with a business expansion funded by £800,000 of new money backed by the Recovery Loan Scheme. Finance Giant Ltd, trading as CarOOn, plans to train new staff and expand its used car stock to over 1,000 vehicles after securing the Midlands Engine […]]]>

Milton Keynes-based used car retailer CarOOn is preparing to create 40 new jobs with a business expansion funded by £800,000 of new money backed by the Recovery Loan Scheme.

Finance Giant Ltd, trading as CarOOn, plans to train new staff and expand its used car stock to over 1,000 vehicles after securing the Midlands Engine Investment Fund (MEIF) loan provided by the FSE Group Debt Finance Fund and supported by the Recovery Loan Scheme.

Managing Director Syed Khusro Kamal said: “We are very pleased to be supported by MEIF at this crucial stage, allowing us to grow rapidly to capitalize on the current demand for used cars, especially given the shortage of new cars caused by the pandemic. .

“This loan allows us to recruit and train new employees and once they are in place, we will be able to grow our site up to its capacity of 1,000 cars. Additionally, we will continue to invest in the development of our technology, which is vital to keeping us ahead as an online business.

CarOOn, located in the former Saxon Bridge Car Superstore in Auckland Park, Bletchley, claims to have developed an intuitive platform that allows vehicles to be sold and delivered to a customer within a day, in coordination with its vehicle preparation facilities on the site. .

The company stays connected to its buyers through a customer loyalty app that supports its end-to-end digital journey.

Ann Marie McFadyen, Investment Manager at The FSE Group, which manages the MEIF Debt Finance Fund on behalf of British Business Bank, said: “Syed has built a strong management team and has strong plans for future growth, including including a second site and logistics.

“With a flexible business model that can adapt quickly to market changes and trends, the company is well positioned to capitalize on the growing used car market and we look forward to working with them to support their growth.”

The Midlands Engine Investment Fund is financially supported by the European Union through funding from the European Regional Development Fund (ERDF) under the European Structural and Investment Funds Growth Program 2014-2020 and the European Bank of investment.

The FSE group, MEIF Debt Finance Fund, provides loans between £100,000 and £1.5 million to help growing SMEs in the region.

Lewis Stringer Senior Manager, UKN at the British Business Bank, said: “MEIF has always supported innovative businesses in the Midlands to invest in technology to enable growth in new and existing industry sectors.

“As is the case with CarOOn, significant job creation often follows such investments. We encourage other SMEs wishing to grow to consider the options available through the MEIF.

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Loan sharks hire their own clients to intimidate defaulters, Johor cops say https://ipdaonline.org/loan-sharks-hire-their-own-clients-to-intimidate-defaulters-johor-cops-say/ Sun, 31 Jul 2022 10:39:00 +0000 https://ipdaonline.org/loan-sharks-hire-their-own-clients-to-intimidate-defaulters-johor-cops-say/ JOHOR BARU: Loan shark syndicates hire their clients to intimidate defaulting debtors by splashing red paint on their homes. Johor Police Chief Comm Datuk Kamarul Zaman Mamat said that for splattering the red paint, each customer turned henchman would be paid RM450. “If they manage to burn property or vehicles, they will be rewarded with […]]]>

JOHOR BARU: Loan shark syndicates hire their clients to intimidate defaulting debtors by splashing red paint on their homes.

Johor Police Chief Comm Datuk Kamarul Zaman Mamat said that for splattering the red paint, each customer turned henchman would be paid RM450.

“If they manage to burn property or vehicles, they will be rewarded with RM800.

“They’re hired to do this just to pay off their debts.

“We arrested 11 people, aged between 19 and 46, including a woman and a foreigner, for arson and they used molotov cocktails to burn down the house,” he told a press conference. at Johor Police Headquarters on Sunday 31 July. .

Comm Kamarul Zaman said they were arrested during a series of raids on houses around Johor Baru on Thursday July 28 and Friday July 29.

He said they worked for at least two syndicates and while the clients-turned-hunters would have their loans deducted, the syndicate members would be paid through mule accounts.

“With the arrest, we have 13 cases involving such criminal acts and believe more cases will be resolved as the investigation progresses.

“We believe that there are still other union members who are still at large, and we are tracking them down.

“They would send videos or photos of their ‘success’ to their chief loan shark, where they would then be passed on to defaulters as a threat,” he said, adding he believed the practice had started in May.

Comm Kamarul Zaman said the matter is being investigated under Section 427 of the Penal Code for committing mischief and causing loss or damage to property of others and the article 435 of the Penal Code for committing mischief by burning.

Police also confiscated 17 mobile phones, cash worth RM1,295, three cars, a motorbike and ten plastic packages containing red paint, as well as a gallon of petrol and a bottle of kerosene.

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Rockabill arranges $15 million financing for rehabilitation of 13 affordable apartment buildings in the Bronx https://ipdaonline.org/rockabill-arranges-15-million-financing-for-rehabilitation-of-13-affordable-apartment-buildings-in-the-bronx/ Sat, 30 Jul 2022 02:45:28 +0000 https://ipdaonline.org/rockabill-arranges-15-million-financing-for-rehabilitation-of-13-affordable-apartment-buildings-in-the-bronx/ Rockabill, a leader in providing financial advisory and development services to the affordable and supportive housing community, today announced it has secured $12 million in NYC HPD grant and $3 million in ongoing funding from the Community Preservation Corporation (CPC) to facilitate the repositioning of 13 of the affordable buildings in Morrisania, south of Crotona […]]]>

Rockabill, a leader in providing financial advisory and development services to the affordable and supportive housing community, today announced it has secured $12 million in NYC HPD grant and $3 million in ongoing funding from the Community Preservation Corporation (CPC) to facilitate the repositioning of 13 of the affordable buildings in Morrisania, south of Crotona Park. The buildings are owned by Beulah HDFC, a non-profit organization with a long history of physical and social renewal in the Bronx.

The funding arranged by Rockabill will allow for boiler and roof replacement across the portfolio and parapet and exterior masonry work to improve the physical condition of the properties. The campaign will result in a longer and more productive life for the building itself, and a better quality of life for residents.

“We are thrilled to get to work on this project that will improve the quality of life for hundreds of families in the Bronx, while ensuring and maintaining affordability for lifelong renters to stay in their homes,” said Michelle Fox, executive director of Beulah Housing Development Fund Company, Inc. “We thank LISC NYC, HPD LIHTC Preservation and CPC for their trusted partnership that made this project possible.”

“It is a privilege to help Beulah preserve these properties; and in doing so, continue his incredible history of service to the Bronx,” said Tim Collins, Director, Rockabill. “This is a great example of a nonprofit landlord proactively building its affordable housing portfolio and ensuring its assets are physically and financially fit. Bronx residents deserve high quality housing and we are proud to help provide it. »

The non-profit community development organization, LISC NYC, provided a construction loan of $2.4 million for the project. ConRock Construction, a general contractor who specializes in on-site tenant renovations in the affordable housing sector, will oversee the renovations. The total development cost for the project is $34 million and construction is expected to begin later this month.

“Quality should not be sacrificed for affordability, which makes projects like this so essential to protecting the quality of life for hundreds of New Yorkers living in affordable housing in the Bronx,” said Janet Lorn, Housing Community Developer at LISC NYC. “We are grateful to work with this group of partners to create deeply affordable housing options in a way that empowers those who live in these units to take pride in the place they call home. »

Offering studios to four-bedroom apartments, the 13 buildings consist of 197 affordable housing units – excluding superintendent units – and serve individuals and families earning between 40 and 80% of the AMI. The addresses of the properties are:

• 1439 Prospect Avenue

• 1386 Prospect Avenue

• 1300 Hoe Avenue

• 851 169 East Street

• 768 168th Street East

• 1272 Boston Road

• 1418-26 Clinton Ave.

• 426 East 162nd Street

• 918 Freeman Street

• 932-936 East 172nd St

• 4031 Park Avenue

• 493 166th Ave East

• 1212 Martin-Luther King Blvd.

(Visited 1 time, 12 visits today)

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Dane Scarlett joins Portsmouth on loan from Tottenham https://ipdaonline.org/dane-scarlett-joins-portsmouth-on-loan-from-tottenham/ Thu, 28 Jul 2022 00:11:16 +0000 https://ipdaonline.org/dane-scarlett-joins-portsmouth-on-loan-from-tottenham/ Dane Scarlett joins Portsmouth on loan from Tottenham after the 18-year-old striker’s impressive summer with the England U19s 18-year-old striker Dane Scarlett has scored 12 goals in 14 games for England U19s He burst onto the scene with four goals in a game against Southampton U18s Portsmouth boss Danny Cowley said Scarlett had ‘intelligence beyond […]]]>

Dane Scarlett joins Portsmouth on loan from Tottenham after the 18-year-old striker’s impressive summer with the England U19s

  • 18-year-old striker Dane Scarlett has scored 12 goals in 14 games for England U19s
  • He burst onto the scene with four goals in a game against Southampton U18s
  • Portsmouth boss Danny Cowley said Scarlett had ‘intelligence beyond her years’

Tottenham striker Dane Scarlett, 18, has joined League One club Portsmouth on loan.

Scarlett has an excellent record with England as a young player and was part of the Young Lions’ successful U19 Euros campaign. He scored 12 goals in 14 games for England U19s.

The young striker has also turned heads at Tottenham and has made 10 appearances over the past two seasons. There have been a few Premier League appearances, but Scarlett has mostly been used in the Europa and Europa Conference League.

Dale Scarlett burst onto the scene with four goals in a game against Southampton U18s

Last February, he became the first 16-year-old to bag a Europa League assist since Kyllian Mbappe.

The Fratton Park faithful will also be delighted to see that Scarlett’s first eye-catching display came when he netted four goals and three assists against Southampton U18s.

Portsmouth boss Danny Cowley said of the signing: “We are delighted to have Dane with us and we really appreciate Tottenham trusting us to look after one of their young players.”

Scarlett was a key part of the England U19 squad that won the Euros this summer

Scarlett was a key part of the England U19 squad that won the Euros this summer

“He spent all of last season with the first team and played in some of their European matches, training with world-class players every day.

“He is a lad who has the world at his feet and who comes here after a brilliant summer with England, playing a big part in that success.

“There’s an intelligence beyond his years – both in possession and out of possession – with the timing of his runs and the movement that allows him to gain space behind defenders.”

An exciting young striker like Scarlett could be the final piece of the puzzle as Pompey pushes for promotion to the Championship.

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NYC loan Castellanos to promote Girona to Spain https://ipdaonline.org/nyc-loan-castellanos-to-promote-girona-to-spain/ Tue, 26 Jul 2022 02:37:55 +0000 https://ipdaonline.org/nyc-loan-castellanos-to-promote-girona-to-spain/ FILE – New York City FC’s Valentin “Taty” Castellanos waves to the crowd during a ceremony honoring the team’s MLS Championship win, Dec. 14, 2021, in New York City. Major League Soccer top scorer Castellanos is leaving New York City FC to join newly promoted Girona in the Spanish league. NYC said on Monday July […]]]>

title=s

FILE – New York City FC’s Valentin “Taty” Castellanos waves to the crowd during a ceremony honoring the team’s MLS Championship win, Dec. 14, 2021, in New York City. Major League Soccer top scorer Castellanos is leaving New York City FC to join newly promoted Girona in the Spanish league. NYC said on Monday July 25, 2022 that Castellanos was loaned out to Girona. (AP Photo/John Minchillo, File)

PA

Major League Soccer top scorer Valentín “Taty” Castellanos has left New York City FC on loan to join newly promoted Girona in the Spanish league.

The 23-year-old Argentine striker has scored 13 MLS goals this season, tied for the lead with compatriot Sebastián Driussi of Austin FC.

NYC said on Monday that Castellanos was on loan at Girona, which, like NYC, is controlled by City Football Group, Manchester City’s parent company. The loan to the Catalan club is until June 2023.

“Although it is difficult to leave this club, I firmly believe that now is the right time for me to move to Europe, which has always been a personal dream of mine,” Castellanos said in a statement released by NYC. . “I feel confident and ready for a new challenge.

Castellanos made his professional debut with Torque in the Uruguayan second division in 2017. He helped the club win promotion and was loaned to NYC in July 2018. NYC exercised their option to buy his rights after the season.

He scored 50 goals in 109 regular season games, leading the league last season as NYC won its first MLS title. Castellanos won the 2021 MLS Golden Boot award, scoring 19 goals during the regular season and three goals in MLS Cup playoffs, including one in the final.

Girona are back in the first division of the Spanish league after three consecutive seasons in the second division.

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More AP MLS: https://apnews.com/hub/major-league-soccer and https://twitter.com/AP_Sports

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March tornado leaves an impact https://ipdaonline.org/march-tornado-leaves-an-impact/ Sun, 24 Jul 2022 07:57:43 +0000 https://ipdaonline.org/march-tornado-leaves-an-impact/ SPRINGDALE – Tarps cover broken windows and damaged roofs. Uprooted tree stumps lay in front of the houses. Piles of tree branches, twisted metal and wreckage are bigger than the kids playing here. Debris litters the Woodridge Estates mobile home park as resident Kristy Miller and others continue to pick up wreckage nearly four months […]]]>

SPRINGDALE – Tarps cover broken windows and damaged roofs. Uprooted tree stumps lay in front of the houses. Piles of tree branches, twisted metal and wreckage are bigger than the kids playing here.

Debris litters the Woodridge Estates mobile home park as resident Kristy Miller and others continue to pick up wreckage nearly four months after a tornado ripped through the neighborhood.

The tornado formed around 4 a.m. on March 30 and traveled about 5.2 miles with winds up to 145 mph, according to a National Weather Service investigation. His path began in Fayetteville near the Northwest Arkansas Mall. From there it traveled northeast, knocking down trees, damaging 164 homes, snapping utility poles and lifting the gymnasium at George Elementary School.

Springdale Police Department Capt. Jeff Taylor said the tornado injured seven people, including a critic.

The Woodridge Estates mobile home park suffered some of the worst damage. The tornado ripped through the park, uprooting trees in mobile homes, lifting trailers into the air and tossing debris across the park.

From nightmares to financial burdens, some victims still live with the impact of the storm every day.

Natalie Torquato, whose home behind George Elementary School was badly damaged, is still seeing the impact of the storm on her 4-year-old son. She took him to trauma therapy.

“Like every window is a fear, every sound from the sky is a fear,” Torquato said. “Every time the weather changes he literally goes back in the tub and cries. And it breaks my heart. I had to give him therapy for that. And it’s going to take years to even remotely get back to where we were. .”

David Todd, a licensed trauma-focused therapist at Searcy, said natural disasters such as tornadoes can leave children feeling stressed and anxious, flashbacks and nightmares and – in the worst cases – post-stress disorder. traumatic.

Miller said many children in the mobile home park experience trauma.

“We now have children in the park who no longer want to sleep if there is a storm,” she said. “Or, they don’t want a tree next to their house anymore because it’s going to kill them.”

Todd said it was important for the kids to have a way to deal with the tornado. Talking is the best medicine, he says.

.

Miller said the memories of that night were horrific. The tornado did not hit her trailer, but it was about 50 yards away, she said.

“People say they compare it to a freight train,” Miller said. It’s like comparing apples to oranges. It doesn’t look like a freight train. It looks like hell. It sounds like the roar of hell. That’s what it does to your insides.

Karen Barnes, a Springdale resident whose home on Chantilly Avenue was right in the storm’s path, ran from her bedroom to the bathroom just before five windows imploded.

“The trauma of having to run for my life,” Barnes said. “I’m better now, but for three weeks every day there were terrible storms and wind. I had nightmares. It’s affecting you in ways you didn’t expect.”

Barnes had experienced an EF3 tornado before in her lifetime, but the worst part of that storm was without warning, she said. Springdale does not have a tornado siren, but a digital warning system called Springdale Alert. However, the National Weather Service did not issue the warning until after the tornado touched down.

“When I found out that Springdale didn’t have a tornado warning system, it was a huge miss,” Barnes said. “Their excuse was that they needed to have someone there to trigger it, or the software updates were too expensive. How do you put a price on a life? There’s no excuse.”

Springdale Fire Chief Blake Holte said the city hasn’t had a tornado siren since the 1980s. There was one in the central fire station that firefighters could turn on if they knew it was coming. there was a tornado.

“It wasn’t particularly effective, and it certainly isn’t effective anymore,” Holte said.

Mayor Doug Sprouse said the city likely won’t add sirens because of the cost to cover the entire city.

“Our system worked as it should,” Sprouse said. “They just didn’t get the warning until the tornado had already hit.”

Some storm victims applied for loans through the federal Small Business Administration. The process can take weeks as officers review applicants’ financial history. If they did not qualify for loans – usually because their credit history suggests they might not be able to repay the loan – then they could apply for state assistance through from the Arkansas Department of Emergency Management.

Rick Tillery, spokesman for the Small Business Association, said 11 of the 33 applications were approved. The agency has approved a total of $372,000 for landlords and tenants, and $270,000 for three businesses. The loans help cover physical damage to homes and businesses, Tillery said.

Applicants must have a history of paying taxes and be a legal resident of the United States, he said.

LaTresha Woodruff, spokeswoman for the Arkansas Department of Emergency Management, said the state has awarded a total of $98,945 in assistance to homeowners and tenants affected by the tornado.

Many people, like Torquato, did not qualify for loans or state aid. Torquato said his family’s annual income was too high and their insurance covered too much to qualify.

Tillery said the Small Business Administration will step in to help people whose insurance doesn’t cover everything.

Torquato doesn’t think his family will ever get back to where they were financially. After hotel-hopping for months, they recently moved into a house in Lowell, but they have no furniture except for a children’s table for her toddlers.

Torquato said his family did not qualify for loans or state assistance. They’re fixing up the old house to hopefully sell it, but the walls are getting more and more moldy every day, and Torquato doesn’t know how much it will all cost. With two toddlers and a newborn, she lives hand to mouth, she said.

“The insurance company is supposed to reimburse me for hotel costs, driving costs and all that, but I’m in the hole,” she said.

Torquato said his family was financially comfortable before the storm hit.

“It was like the hardest thing for me personally was that I was financially stable,” Torquato said. “I had a routine with my kids. I was working, my husband was working. And we just had like, our own little worlds. And that kind of thing fell apart. All of a sudden I was financially unstable. Then, I had no place to go, no place to live.

Many residents of the mobile home park are still cleaning up the destruction caused by the tornado. Miller helped find money and resources and made sure it went to those in need.

Miller said 31 of the 121 mobile homes in the park were damaged. Two households cannot afford to return. A homeowner was not eligible for loans or state relief funds because she had no credit score.

As of July 1, five of the houses had not been repaired. They have electricity and water, but parts of the roof or walls are damaged. Miller said families are still living in the houses. These residents cannot find the money for the repairs or cannot find someone who will accept the work. Miller said she felt like the people in the park had been forgotten.

Miller is always looking for resources and donations to help mobile homes that have not been repaired.

“If you were ready to help on March 30, how about July 1?” she says.

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Why Carvana surprised the market and climbed 20% this week https://ipdaonline.org/why-carvana-surprised-the-market-and-climbed-20-this-week/ Fri, 22 Jul 2022 18:22:14 +0000 https://ipdaonline.org/why-carvana-surprised-the-market-and-climbed-20-this-week/ What happened Shares of carvana (CVNA -10.03%) bucked the broader market trend this week, rising 20.4% from their close last Friday, according to data from S&P Global Market Intelligence. The S&P500 only increased by 2.2% over the same period. There was no good reason for the online car dealership to see such a strong response, […]]]>

What happened

Shares of carvana (CVNA -10.03%) bucked the broader market trend this week, rising 20.4% from their close last Friday, according to data from S&P Global Market Intelligence. The S&P500 only increased by 2.2% over the same period.

There was no good reason for the online car dealership to see such a strong response, especially since its operating license in Illinois was suspended again – not the first run-in with regulators that Carvana had. He had similar experiences in Pennsylvania, Michigan and North Carolina.

So what

Not being able to sell cars in a particular market is kind of a big deal for a car dealership, and their stock was properly slashed as a result (although it did recover and ultimately made a gain for the day ), but the very next day, Carvana shares were back to racing, jumping 20% ​​in one day.

There was no company-specific news to explain the jump, but Carvana’s stock is one of the most heavily shorted issues, with The Fly recently reporting that its estimated short interest stood at more than 40%. This could rally the same stock traders who favor companies with big bets against them. By piling on the stocks and buying back their shares, they hope to trigger a short squeeze, which will drive their prices even higher as short sellers rush to cover their positions.

Now what

Aside from the tussle with regulators, Carvana also faces other pressures, including high gasoline prices, inflation, rising interest rates, and high prices for new and used cars. An ongoing supply chain crisis that makes it difficult to obtain critical components for cars also adds to the list of industry problems and has led many automakers to ship cars to dealerships without chips. computers for equipment not related to security.

Carvana could also struggle to securitize its subprime loans in the market, according to a reputable short seller. LevFin Insights says it hasn’t sold such loans in public markets this year, which could indicate the car dealership is struggling to find buyers.

The steady decline in negative news about Carvana and the auto industry in general has seen the e-commerce company’s share price plummet in 2022. Shares are down 88% this year and sit 93% below from their 52-week highs.

Rich Duprey has no position in the stocks mentioned. The Motley Fool has no position in the stocks mentioned. The Motley Fool has a disclosure policy.

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5 things student borrowers should do right now https://ipdaonline.org/5-things-student-borrowers-should-do-right-now/ Wed, 20 Jul 2022 17:56:27 +0000 https://ipdaonline.org/5-things-student-borrowers-should-do-right-now/ Many student loan forgiveness opportunities are expiring soon. Getty These are difficult times for millions of student borrowers. While the current student loan suspension has suspended payments and interest on most (but not all) federal student loans for more than two years, borrowers are grappling with unprecedented confusion and uncertainty. Over the past year, there […]]]>

These are difficult times for millions of student borrowers. While the current student loan suspension has suspended payments and interest on most (but not all) federal student loans for more than two years, borrowers are grappling with unprecedented confusion and uncertainty.

Over the past year, there have been major loan servicing shifts, sweeping changes to student loan forgiveness and relief programs (many of which are temporary), and mixed messages from senior Biden administration officials on what to expect in the coming months. At the same time, soaring inflation and rising prices are putting financial pressure on many households, leaving little room for student loan repayments.

It’s a tough environment. But here’s what student borrowers should be doing right now.

Evaluate Student Loan Forgiveness Opportunities

The Biden administration has begun implementing several “targeted” student loan relief initiatives. Through these actions, the Department of Education has relaxed requirements, expanded eligibility, or streamlined processing for several existing student loan forgiveness programs, including civil service loan forgiveness, repayment based on income and the borrower’s defense against repayment.

But many of these initiatives are temporary, and these opportunities for student loan forgiveness could disappear in a few months. Borrowers should take the time to assess their potential eligibility and, if action is needed, begin the application process. Here are some of the most prominent student loan forgiveness initiatives:

  • PSLF Limited Waiver – this initiative temporarily extends eligibility for student loan forgiveness under the Public Service Loan Forgiveness (PSLF) program. The waiver is due to end on October 31, 2022.
  • IDR adjustment – ​​this initiative temporarily allows many past loan periods, including certain deferment and forbearance periods, to count towards IDR loan cancellation. To be eligible, some borrowers may need to take action before the end of 2022.
  • Borrower Defense Until Repayment – ​​this program provides federal student loan forgiveness for borrowers who are defrauded or misled by their school. The administration has launched automatic student loan forgiveness for former students of Corinthian colleges and proposed a broad settlement in a class action lawsuit that could benefit borrowers who attended dozens of other institutions. But borrowers may need to act before this fall to qualify.
  • Total and Permanent Disability Discharge (TPD) – this program can discharge federal student loan debt for borrowers who are unable to maintain substantial gainful employment due to a medical condition. The Biden administration has temporarily relaxed post-discharge monitoring requirements for approved applications.

Check your student loan officer

While millions of federal borrowers have not had to make payments since March 2020 given the student loan payment pause, much has changed within the federal student loan system. Several major student loan servicers have withdrawn or are in the process of withdrawing from the Department of Education’s federal student aid system, resulting in the transfer of more than 10 million borrowers to new loan servicers. loans.

There have been two particularly large transfers in the servicing of student loans over the past year. Navient, one of the Department of Education’s leading loan service providers, recently transferred all government-held federal student loan accounts to Aidvantage. And FedLoan Servicing, another major contractor, has transferred millions of accounts to various other loan servicers, including EdFinancial and MOHELA, which will take over the Public Service Loan Forgiveness Program (PSLF). These transfers are underway, but should be completed by the fall.

Borrowers can verify who their federal student loan officer is by accessing their account through the Department of Education’s loan portal at StudentAid.gov. If you’ve been transferred to a new loan manager, also be sure to create an online account for the most up-to-date information and correspondence regarding your student loans.

Update your contact information with your student loan officer

A lot of people have changed since 2020. Now is a good time to make sure your contact details are up to date with the Department of Education and your student loan officer – you don’t want to miss any important repayment correspondence student loan or new opportunities for student loan forgiveness. And most student loan agreements impose a positive legal obligation on the borrower to always keep their contact information up to date.

Make sure the phone number, mailing address, and email address on file with your loan holder are correct and up-to-date.

Certify your employment for Public Service Loan Exemption (PSLF)

Borrowers on track for Public Service Loan Forgiveness (PSLF) — a student loan forgiveness program for borrowers working for nonprofits or government organizations — cannot get credit for their payments only if they submit PSLF employment certification forms. And borrowers only get credit up to the date of their most recent certificate of employment. This means that borrowers must periodically submit a new PSLF Employment Certification Form for an up-to-date tally of eligible PSLF payments.

Now is a good time for borrowers on track to have the PSLF certify their employment, given that the ongoing Covid-related payment pause may count towards the PSLF, as well as the imminent expiration of the PSLF waiver limited October 31, 2022. You can begin the process through the Department of Education’s PSLF Help Tool.

Get ready for the student loan break until the end

The ongoing student loan pause, which has suspended most federal student loan payments and interest, is set to end Aug. 31. Borrower advocates have urged the Biden administration to extend the pause again. But so far, Biden administration officials have not publicly announced a decision.

Now is a good time to evaluate your repayment plan options. Borrowers can perform calculations using the Ministry of Education’s repayment simulator. Notably, borrowers who followed an income-contingent repayment plan will not have to recertify their income until March 2023 at the earliest, according to the Department of Education.

Further Reading on Student Loans

The Biden administration approved $26 billion in student loan forgiveness, but borrowers face growing uncertainty

Education Department urges borrowers to apply for student loan forgiveness before October deadline

3 Key Student Loan Forgiveness Opportunities Could End Soon – Here’s How to Apply

If You’ve Been To These Schools, You May Qualify For Student Loan Forgiveness: Here’s What To Do

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State Bank of Vietnam considering online loan facility | Company https://ipdaonline.org/state-bank-of-vietnam-considering-online-loan-facility-company/ Tue, 19 Jul 2022 01:34:00 +0000 https://ipdaonline.org/state-bank-of-vietnam-considering-online-loan-facility-company/ Illustrative photo However, although it is still at the project stage, it could still face difficulties in opening the doors to electronic lending if the current laws continue to create obstacles that hinder and limit the activities of the State Bank of the Vietnam to manage and keep up with the current pace of technological […]]]>
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However, although it is still at the project stage, it could still face difficulties in opening the doors to electronic lending if the current laws continue to create obstacles that hinder and limit the activities of the State Bank of the Vietnam to manage and keep up with the current pace of technological development.

Go to technology

According to data published on the Tima Financial Connection Floor website, from 2017 to present, this unit has disbursed loans online totaling approximately VND 108.833 billion, the number of people applying for loans online now reaching over 9.6 million. A peer-to-peer lending (P2P Lending) platform also shows that people’s demand for quick loans through online channels is very high today. Credit services via online platforms are a big challenge for credit institutions, but at the same time offer an innovative shift in offline to online lending methods.

Lending institutions’ journey to enter the online lending trend must include pioneering FE Credit, when launching Vietnam’s first auto loan application called $NAP in August 2018. This application receives documents, verifies, approves automatically customers, signs an electronic contract and allows the borrower to receive a loan within a day via a bank account or post office.

After this introduction, other financial companies also joined. Faced with this trend, a number of big banks such as BIDV and VietinBank have proposed to the State Bank of Vietnam to allow the establishment of online loans, but the management agency has not yet answered. Meanwhile, many banks have introduced online lending on digital banking channels, but only limited to online savings for overdraft loans.

Currently, the State Bank of Vietnam is preparing draft Circular 39/2016/TT-NHNN, amending and supplementing a number of articles to regulate the lending activities of credit institutions and branches of foreign banks, including additional electronic lending regulations.

According to the State Bank of Vietnam, this regulation stems from a request from credit institutions and is also part of the policy of digital transformation of the banking sector until 2025 and orientation until 2030 which has been set out by the Governor of the State Bank. of Vietnam under Decision 810/QD-NHNN of May 11, 2021. If this regulation is approved, credit institutions will have an excellent opportunity to grow their outstanding loans. Banks can then only serve a large number of customers through automated processes, with rapid file reviews at a lower cost.

Many problems remain

Previously, the regulator allowed credit institutions to use Know Your Customer (eKYC) electronic application guidelines for opening personal payment accounts and issuing cards. However, in lending activities, credit institutions must comply with circular 39/2016/TT-NHNN, while this circular does not contain any regulations on the application of eKYC.

Currently, this problem has been solved in the draft amendment and supplement to Circular 39/2016 by opening lending activities electronically and partially removing the difficulties of digitizing lending activities. It is expected that the first consumer loans will be set up online by the bank and will explode in the near future. However, digitalized lending business in the future still faces many major problems.

The first is that electronic transactions in the banking sector are not only related to the authority of the State Bank of Vietnam, but also must comply with the Electronic Transactions Law. This law was enacted in 2005 and so far the technology has developed at a rapid pace with many regulations becoming redundant and obsolete.

Currently, the Ministry of Information and Communications is finalizing the Electronic Transactions Law to build a unified law and create a legal corridor to carry out business transformation from the physical environment to the digital environment in all industries and fields. If this law is perfected and there are relevant regulations suitable for the current high-tech environment, including future long-term changes, then new lending institutions will be able to open online lending as planned.

The second factor relates to loans on digital platforms which face many problems like cyber security while banks are still the target of cyber criminals. It is easy to see that now personal information such as citizen identification and facial recognition are very easily stolen. This is a huge challenge as it requires a strong buffer of protection to avoid risks, as well as legal provisions to manage rights and responsibilities in the event of such risks. In addition, there must be regulations to manage the applications in case of problems or disputes between banks and customers during transactions on this channel.

Another fundamental point that the State Bank of Vietnam has been talking about for a long time is that so far there is no agency that performs individual credit rating for the whole population. Currently, banks are deploying their own system to score their customers, while the National Credit Information Center (CIC) has not yet covered the entire population.

These are the technical issues that must be present if one wants to promote the loan electronically. Since CIC only creates customer profiles with loan and credit transactions with the bank, it does not give credit scores to all individuals. Of course, without a credit rating system, banks can still continue to lend based on the internal rating system or on collateral, but the risk of bad debts will become higher.

For example, in the United States, people have a Social Security Index, and the government can track income and determine what benefits people are entitled to. They have three individual credit rating companies to do this. The standard score of each citizen is 800 points, then these three companies base their set of criteria to calculate the score, and all the lending banks send information to these companies.

This is the basis of the credit rating. People with bad debts, unstable jobs or violations will have their points deducted. People with low credit ratings will not be able to borrow or can borrow at high interest rates, allowing them to self-discipline to improve their credit rating.

Saigon Investment

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