Four Malden banks have committed $8 million to a loan pool for a first- and second-time homebuyer program run by the Malden Redevelopment Authority.
Eastern Bank, Century Bank, Central Bank, and BankMalden each pledged $2 million to fund the program over the next two years.
The loan pool will make below-market-rate loans to low- and moderate-income home [...]
College costs keep spiraling upward, and now the cost of borrowing to pay for higher education is about to spike, too.
Students and their parents have taken comfort in a half-decade of ultra-cheap college loans, loading up on debt to cover the bills. About 8 million people borrowed $60 billion this year in education loans issued [...]
As college costs spiral upward, the cost of borrowing to pay for higher education is about to spike, too.
Students and their parents have benefited from a half-decade of ultra-cheap college loans, loading up on debt to cover their bills. About 8 million people borrowed a total $60 billion this year in education loans issued or [...]
College financial aid packages can include a combination of low-interest loans, federal work study and grants or scholarships that need not be repaid. The more desirable your child is to the college, the larger percentage of grants and scholarships he or she will receive.
So how do you position yourself to score the most aid dollars [...]
A year ago, students and parents who borrowed to cover college costs rushed to lock in the lowest interest rates in four decades.
Now those who haven’t consolidated their loans under the federal student-loan program are being urged to do so before July 1.
The reason: The deficit-reduction bill that President Bush signed earlier this year cuts [...]
As virtually every student and parent knows, college education costs are extremely high, and continue to go higher.
What’s worse, the overwhelming majority (over 60 percent) of financial aid for higher education comes in the form of loans that someone (the student, their parents, or both) ultimately have to pay back.
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