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3 mins read

A major student-loan company is being punished for preventing over 460,000 borrowers from accessing cheaper monthly payments

The Education Department placed a second penalty on student-loan company MOHELA over failure to pro…

Ayelet Sheffey   


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2 mins read

Three out of 5 consumers think it's normal to exaggerate income on loan applications: Survey

"Three in five consumers (63 per cent) think it is OK or normal for people to exaggerate their …

PTI   


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1 min read

Why 1 in 2 Indians reject bank applications: FICO survey insights

Why 1 in 2 Indians reject bank applications: FICO survey insights

Business Insider Latest Story Image
2 mins read

Consumption loan portfolio expands 15% to Rs 90 lakh crore in FY24, notes CRIF report

The home loans portfolio saw growth slowing down to 7.9 % YoY in FY24, from the 23 % expansion seen…

PTI   


Jacob Zinkula   


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5 mins read

Millions of student-loan borrowers are waiting for broad debt cancellation. The next president won't have any immediate answers.

Millions of student-loan borrowers were counting on debt cancellation under Biden. Then came the la…

Ayelet Sheffey   


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2 mins read

Rs 782.26 crore distributed to 12.72 lakh ineligible beneficiaries under KALIA scheme: CAG

The scheme was launched in December 2018 to provide financial assistance to farmers, landless agric…

PTI   


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2 mins read

8 million student-loan borrowers struggling to afford key long-term expenses could get debt cancellation through a new Biden proposal

The Education Department released its proposal to get student-debt relief to borrowers facing finan…

Ayelet Sheffey   


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2 mins read

FM announces credit guarantee scheme, other measures for MSMEs

The credit guarantee scheme for MSMEs in manufacturing will operate on the pooling of credit risks …

PTI   


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5 mins read

I moved to the US from India and took out a $59K loan to follow my dream of landing a job in Big Tech. My risk paid off.

A millennial software engineer in India took out a $59,000 loan to study in the US, and landed a jo…

Ella Hopkins   


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3 mins read

A second Trump term would be 'chaos' for student loan borrowers

Trump has intensified his verbal attacks on student loan forgiveness and a recent Supreme Court rul…

Katherine Tangalakis-Lippert   


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3 mins read

DHFL scam, simplified: Here’s all about the Dheeraj Wadhawan case — allegedly India’s biggest banking loan fraud ever

The CBI also explains that the Wadhawans had allegedly created lakhs of fake borrowers by randomly …

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3 mins read

The Biden administration is giving entrepreneurs a shot at loans up to $2 million for climate-focused projects

The SBA is increasing its maximum loan amount for climate-focused projects as part of the green len…

John Towfighi   


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2 mins read

A major student-loan company is 'improperly' rejecting some borrowers for debt cancellation they qualify for, 18 Democratic lawmakers say

Sen. Elizabeth Warren is leading her colleagues in asking student-loan company Navient for answers …

Ayelet Sheffey   


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4 mins read

After various degrees and a brain injury, I owe $150,000 in student loans. The lawsuits and election only make it worse.

Shanna Hayes owes more than $150,000 in student loans, made worse after a brain injury. The electio…

Alice Tecotzky   


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2 mins read

Ayelet Sheffey   


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2 mins read

Some student-loan borrowers might get debt cancellation now that a major forgiveness program is back

The Public Service Loan Forgiveness program was paused in May as borrowers were transitioned away f…

Ayelet Sheffey   


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3 mins read

Student-loan borrowers on Biden's new repayment plan have 2 options to get credit toward debt cancellation while the program is blocked

With the SAVE plan blocked, student-loan borrowers have a couple of options to get credit toward de…

Ayelet Sheffey   


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2 mins read

Elizabeth Warren is asking a major student-loan company to cancel debt for borrowers with 'decades-old predatory private' loans. Here's how.

Millions of student-loan borrowers are being transferred from Navient to MOHELA. Elizabeth Warren w…

Ayelet Sheffey   


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1 min read

Ashneer Grover set to launch app for medical loans 'ZeroPe'

BharatPe co-founder and former MD Ashneer Grover is set to launch a new app called 'ZeroPe' that wi…