Accounts – Gutenberg http://gutenberg.tv/ Fri, 01 Oct 2021 05:44:43 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 http://gutenberg.tv/wp-content/uploads/2021/05/gutenberg-icon-150x150.png Accounts – Gutenberg http://gutenberg.tv/ 32 32 Michael Bugbee Joins BSI Financial Services as Vice President of Client Success http://gutenberg.tv/michael-bugbee-joins-bsi-financial-services-as-vice-president-of-client-success/ http://gutenberg.tv/michael-bugbee-joins-bsi-financial-services-as-vice-president-of-client-success/#respond Thu, 08 Apr 2021 02:38:32 +0000 http://gutenberg.tv/michael-bugbee-joins-bsi-financial-services-as-vice-president-of-client-success/

“Michael’s depth of knowledge and expertise in the specialist agency and services arena aligns with our core value of delivering a world-class customer experience,” said Allen Award, senior vice president of sales and marketing at BSI Financial. “We are delighted that Michael is joining the BSI team.”

The Client Success Group previously reported to the President of BSI Jean Laurent in maintenance and operations; they will now report to Price in sales and marketing.

“It is exciting to grow our leadership team as we continue to focus on our primary and specialty service clients,” said Lawrence.

Bugbee replaces Mike Whitfield, who will progress to a senior project management position to focus on several key initiatives across the company. To ensure the continued success of the client and a smooth transition, Whitfield will continue to work with Bugbee over the next few weeks.

With nearly 20 years of experience, Bugbee worked for over a decade at M. Cooper / Nationstar Mortgage where he held various roles, but more recently led a team of client managers responsible for portfolios totaling 300,000 units with a UPB of $ 86 billion. Prior to that, he worked for more than seven years at Freddie Mac as a portfolio manager.

“I am excited to lead BSI’s customer success model and look forward to further improving the customer management experience,” said Bugbee. “I believe my mortgage history in operations, client and portfolio management makes me well suited for this vital role.”

About BSI Financial Services
Led by a seasoned team of financial industry professionals, BSI Financial Services provides mortgage and special services, loan quality control, REO and asset management services, and lifetime performance reporting. loan life using advanced data analysis tools. Backed by a 30-year track record, BSI Financial offers its clients customized solutions using proprietary digital technology such as BSI ASSET360, an advanced form of RegTech. BSI ASSET360 provides daily loan condition reports using exception processing that enforces 600 business rules on 10,000 loan level data items that are updated daily. With BSI ASSET360, clients have real-time visibility into loan status and performance, giving them choice and control. BSI Financial is approved as a servicer by Fannie Mae, Freddie Mac, FHA, VA, the Federal Home Loan Banks and several private investors, and is approved as an issuer by Ginnie mae. BSI Financial’s business operations are located Titusville, Pennsylvania; Irvine, California; and Irving, Texas, where it also maintains its head office. For more information visit www.bsifinancial.com.

Press contact:
Mike Murray
Strategic advantage
240.498.0863
[email protected]

SOURCE BSI Financial Services

Related links

https://www.bsifinancial.com

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If you like dividends, you should like these 4 stocks http://gutenberg.tv/if-you-like-dividends-you-should-like-these-4-stocks/ http://gutenberg.tv/if-you-like-dividends-you-should-like-these-4-stocks/#respond Thu, 08 Apr 2021 02:38:20 +0000 http://gutenberg.tv/if-you-like-dividends-you-should-like-these-4-stocks/

“Do you know the one thing that makes me happy?” It’s seeing my dividends come in.
– John D. Rockefeller

There’s a reason one of the richest men in the world loved dividend stocks so much. Aside from the extra income, dividends, when reinvested, can grow rapidly over the years thanks to the power of compounding, bringing you rich returns.

Great dividend-paying stocks, however, go beyond high yields – they are also stable and growing. That’s why you just can’t ignore Sherwin-Williams (NYSE: SHW), Illinois Tool Works (NYSE: ITW), NextEra Energy (NYSE: NEE), and the PowerShares S&P 500 High Dividend Low Volatility Portfolio (NYSEMKT: SPHD). Here’s why.

Paint can also color your dividend portfolio

The last time you repainted your home or workplace, did you consider making money with these paint cans? You can if you invest in paint manufacturers. Specifically, you can invest in paint and coatings specialist Sherwin-Williams.

I know a 1% dividend yield isn’t exactly appealing, but it’s hard to ignore Sherwin-Williams when you realize that he not only paid out, but also increased his dividends each and every. year since 1979, doubling it in the past six years. or. What matters even more is that Sherwin-Williams has increased its dividend even in times of crisis like the housing bubble. There is no better proof of the reliability of this dividend stock.

Image source: Getty Images

Sherwin-Williams’ consistent profitability and dividend streak can be largely attributed to the strength of its brand. Sherwin-Williams, Dutch Boy and Pratt & Lambert are just a few of his brands that have become household names. The company’s strategy of creating its own stores to take the pulse of consumers instead of relying on chain stores for sales has clearly paid off. Most recently, Sherwin-Williams reported 7.5% year-over-year growth in same-store paint sales for its first quarter, continuing its winning streak since fiscal 2016, when its sales in comparable stores increased by 5%.

With Sherwin-Williams upping its full-year profit forecast, building on free cash flow valued at over $ 1.3 billion, and on track to acquire Valspar To become the world’s largest paint and coatings company is one hell of a move no dividend enthusiast can afford to ignore.

You won’t regret owning this dividend dynamo

As boring as the Illinois Tool Works business can be, you just can’t help but be excited about the stock’s record and dividend potential. Illinois Tool Works is a mega-conglomerate that manufactures a wide range of equipment and components for several industries including automotive, food equipment, oil and gas, healthcare, construction, packaging and electronic. Managing such a diverse portfolio is certainly not child’s play, but Illinois Tool Works has found its strength in its 80/20 business strategy: each of its business segments focuses on the key 20% of its customers or products that generate 80% of its sales.

This focus and diversity of intent has proven to be a win-win – Illinois Tool Works has generated consistent earnings and cash flow over the years. It has rewarded shareholders with annual dividend increases for over 50 years now, with dividends increasing at a compound average rate of 14% since 2012.

Again, don’t be put off by Illinois Tool Works’ low dividend yield of 1.9%, as its dividends have tremendous growth potential. And I’m not saying this based solely on its dividend history. Illinois Tool Works recently released strong first quarter numbers, raised its full-year EPS guidance, and plans to convert 100% of its net earnings to free cash flow this year. Considering he ended fiscal 2016 with almost $ 2 billion in FCFs and paid out around $ 821 million in dividends, there is plenty of room for higher dividends for several years to come.

Are you tempted by the dividends of renewable energies?

The appeal of NextEra as a dividend-paying share lies in its commercial structure. As a yield company, NextEra buys and operates distressed, high yielding assets and passes a large portion of its profits to shareholders in the form of dividends. The company has increased its dividend at a compound annual rate of 9% since 2005.

I believe NextEra’s growth potential lies in its focus on clean energy. Mind you, NextEra is not just any other clean energy company. Together with its subsidiaries, NextEra is the largest supplier of solar and wind energy in the world and is also one of the largest nuclear energy operators, with a total generation capacity of around 45,900 megawatts. Its subsidiary NextEra Energy Resources added a record 2,500 MW of wind and solar projects in 2016.

Management plans to increase its adjusted earnings per share from 6% to 8% through 2020. The company has historically increased its dividends at the same rate as adjusted earnings, which should give income investors a fair idea of ​​this. what to expect in the future.

Charts showing the relative growth of NextEra Energy's dividends versus its Adjusted EPS.

Image source: NextEra Energy presentation in February / March.

With NextEra offering a good 2.9% yield and trading well below the industry and its own five-year average valuation at 16 times rolling earnings, now is a great time to consider this dividend growth stock. .

A basket of stocks with incredible dividends

We’ve discussed some great dividend-paying stocks so far, but what if you could buy a basket of high-yielding diversified stocks all at once? Sounds like a deal, right? My next pick is just that – the exchange-traded fund known as Invesco’s PowerShares S&P 500 High Dividend Low Volatility Portfolio.

This ETF is unique in that it invests in high dividend stocks which are less volatile. It does this by tracking the S&P 500 Low Volatility-High Dividend Index, which includes the 50 “least volatile high dividend” stocks of the S&P 500, based on the standard deviation of daily prices over the 252 days. following awards. Simply put, the highest yielding stocks that were also the least volatile rank in the bottom 50. For any income investor, high return and low volatility are a winning combination. Check the ETF’s total returns against the S&P 500 over the past three years:

SPHD Total Return Price Table

Total return price SPHD given by YCharts

What I also like about the PowerShares S&P 500 High Dividend Low Volatility Portfolio ETF is that it offers exposure to almost every industry, with the biggest ones being utilities, real estate and consumer staples. Among the actions, Iron mountain and Welltower Inc. are his two main titles at the moment. With an SEC-defined yield of 3.79% and its inherent low volatility, this ETF is as good as it can get for dividend enthusiasts.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

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Man charged after offering horse owner $ 200 for “sexual activity” with animal: police http://gutenberg.tv/man-charged-after-offering-horse-owner-200-for-sexual-activity-with-animal-police/ http://gutenberg.tv/man-charged-after-offering-horse-owner-200-for-sexual-activity-with-animal-police/#respond Thu, 08 Apr 2021 02:38:11 +0000 http://gutenberg.tv/man-charged-after-offering-horse-owner-200-for-sexual-activity-with-animal-police/

A York County woman who was looking to hire her horse for riding lessons was run over when a 53-year-old man offered money for “sexual activity” with the animal, the report said. police.

According to a probable cause affidavit, the Salisbury Township woman posted to a Facebook group to let people know they could hire her horse, Bentley, for training or take riding lessons.

She was contacted in early August by Norman S. Zalek, 53, of Lykens, who asked her if he and his wife could have “private time” with the horse for sex and to “perform sexual activities”. indicates the affidavit.

According to the affidavit, in an exchange on Facebook, Zalek said, “We’re an open-minded couple, we love to try different things.”

Zalek offered the woman $ 200 for time spent with the horse in a bugged conversation, according to the affidavit.

Police said they also compared the information on Zalek’s Facebook page with his driver’s license to determine that it was the same person.

Zalek is charged with criminal solicitation of sex with an animal. Judicial acts show that a preliminary hearing is scheduled for Oct. 29 before York County Judicial District Judge Lindy L. Sweeney.

READ MORE:

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Pennsylvania cop jailed for felony after ‘violent’ incident with ex-wife, kids and baseball bat

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Lenders take control of Polarcus assets after seismic surveyor defaults on debt http://gutenberg.tv/lenders-take-control-of-polarcus-assets-after-seismic-surveyor-defaults-on-debt/ http://gutenberg.tv/lenders-take-control-of-polarcus-assets-after-seismic-surveyor-defaults-on-debt/#respond Thu, 08 Apr 2021 02:37:35 +0000 http://gutenberg.tv/lenders-take-control-of-polarcus-assets-after-seismic-surveyor-defaults-on-debt/

OSLO, Jan.26 (Reuters) – Lenders took control of Polarcus ships on Tuesday after the seismic expert defaulted on its bank loans and bonds, hit by lower spending by energy companies battling the pandemic of COVID-19 and the volatility of oil prices.

Shares of the Oslo-listed company plunged 47% after resuming trading following an earlier suspension.

Polarcus said the lenders had taken over shares in subsidiaries that owned seismic vessels and replaced directors in each subsidiary, but wanted to continue operations.

“Along with their actions described above, the lenders made it clear to the company that their intention was not to endanger or destabilize the Polarcus organization,” he added.

The Dubai-based company’s fleet consists of seven seismic vessels, two of which are chartered to the Russian Sovcomflot and one on standby.

“The lenders have confirmed that they are prepared to enter a standstill period which will allow operations and awarded projects to continue without interruption and discussions are underway in this regard,” Polarcus said.

The company said earlier that banks refused to extend the repayment term on a $ 25 million working capital facility, triggering a cross-default on other loans and bonds, which totaled $ 415.7 million. dollars at the end of September.

Seismic surveyors, such as Polarcus and PGS, have been hit by weak demand as oil companies cut spending on geological data amid the pandemic and collapse in crude prices last year.

Offshore seismic spending fell 40% last year, and even though oil prices have rebounded, oil companies should remain cautious, with spending increasing only 3% this year, Sparebank 1 Markets said on Tuesday in a note.

A previous slowdown in the oil market from 2014 to 2016 led to a consolidation of companies in the seismic industry, leaving a few players with ships. (Report by Nerijus Adomaitis. Editing by Terje Solsvik and Mark Potter)

(c) Copyright Thomson Reuters 2021.

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HomeTown Adds Shanon Schinkel of Colorado Springs | New http://gutenberg.tv/hometown-adds-shanon-schinkel-of-colorado-springs-new/ http://gutenberg.tv/hometown-adds-shanon-schinkel-of-colorado-springs-new/#respond Thu, 08 Apr 2021 02:37:13 +0000 http://gutenberg.tv/hometown-adds-shanon-schinkel-of-colorado-springs-new/

HUNTSVILLE, Ala., April 1, 2021 / PRNewswire / – Hometown Lenders (HTL), an emerging leader in the domestic mortgage industry, continues its strategic growth to close the first quarter of 2021, today announcing another major acquisition.

The company selectively identifies and meticulously reviews established and respected mortgage lenders who have earned the trust of families in their respective local communities over time; using this verification process, HTL decides which existing lenders would be the ideal candidates to become new branches of Hometown Lenders.

As a final result, HTL is proud to add a branch in Colorado Springs as 92sd Nationwide hometown location. Shanon Schinkel will serve as branch manager.

Situated at Huntsville, Alabama., HTL now has nearly 100 branches and operates in more than 40 states.

As seen in the thousands of testimonials from Hometown (click here to see the latest news), HTL places great emphasis on providing our guests with the highest quality experience possible, genuinely striving to embody good old-fashioned Southern hospitality – even at the digital age.

HTL firmly believes that its key Three Rs philosophy – Recruiting the Best, Retaining Our Talents, and Remembering Who Brought Us Here – is the foundation for continuing to exceed its lofty goals.

“Today marks the latest in a long line of exciting days for the Hometown Lenders family. Our new Colorado Springs branch is on 15e we added this year only, ”said the founder and president of HTL John taylor. “I am particularly happy to be able to say that we are not only building in numbers, but also in quality.”

“Above all, we are committed to better serving the local hometowns in which we live and work through United States. Our customers are always our top priority in any decision making, and this latest acquisition is no exception. “

For more information visit www.htlenders.com.

View original content to download multimedia:http://www.prnewswire.com/news-releases/hometown-adds-shanon-schinkel-of-colorado-springs-301261104.html

Home city lenders

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Pulisic, Pogba and Salah among Premier League stars facing critical decisions about their clubs and future http://gutenberg.tv/pulisic-pogba-and-salah-among-premier-league-stars-facing-critical-decisions-about-their-clubs-and-future/ http://gutenberg.tv/pulisic-pogba-and-salah-among-premier-league-stars-facing-critical-decisions-about-their-clubs-and-future/#respond Thu, 08 Apr 2021 02:36:42 +0000 http://gutenberg.tv/pulisic-pogba-and-salah-among-premier-league-stars-facing-critical-decisions-about-their-clubs-and-future/

The Premier League returns this weekend with all clubs entering the home stretch of the season and the issues to be decided at both ends of the table. But while the focus will be on Manchester City’s pursuit of four trophies, the race for Champions League qualification and the battle to avoid relegation, there is also a lot at stake for a number of top players. .

Some have yet to figure out their future with their contracts which expire on June 30, while others have less than two months to gain more minutes on the pitch to potentially avoid looking for a new club this summer.

Stream ESPN FC Daily on ESPN + (US only)
UEFA World Cup qualifiers on ESPN +: Stream live matches and reruns (US only)

A small group is facing a ‘now or never’ summer in terms of landing a big move and there are also those who will only have one year left on their contract at the end of the season, which means they have to decide to leave, sign a new contract, or cut the remaining 12 months to become a free agent in 2021.

ESPN has assessed what lies ahead for players who face one of the most important periods of their careers in the weeks to come.

Question marks are growing over the Chelsea striker’s future at Stamford Bridge after his failure to make an impact under Thomas Tuchel since the German was appointed as Frank Lampard’s successor in January.

Tuchel showed his faith in Kai Havertz and Timo werner, while helping to take Mason frame‘s game to a new level, and the big loser was US captain Pulisic. After making his senior debut as a teenager by Tuchel at Borussia Dortmund, Pulisic appeared to have an advantage over his teammates when the new coach took the lead, but he is yet to finish 90 minutes under him and the majority of his play time has come. in FA Cup.

If Pulisic fails to make his mark in the final weeks of the season, the 22-year-old may have to consider his future at Chelsea this summer.

The French midfielder is entering the final 12 months of his contract with Man United this summer, making the coming weeks crucial for the player and the club. Pogba’s agent Mino Raiola made public last December of the 28-year-old’s desire to leave Old Trafford this summer, but the situation has calmed down in recent months as the player has performed well for the Ole Gunnar Solskjaer’s team until an injury forced him to be absent for six weeks.

– Dawson: Man United’s big decisions include Pogba’s future

Pogba’s salary and probable fees will ensure that only the wealthiest clubs could afford to sign him this summer, but the pandemic has hit the market hard and United could avoid losing him as a free agent in 2021 by accepting a new lucrative contract. How Pogba and the end of the season might decide if he stays or leaves, but there is no easy solution to the problem for either side.

The loaned Real Madrid winger has said his future is still undecided, having initially claimed last week that he would return to Spain this summer after his one-season loan at Tottenham ends. But with Bale having 12 months to run on a contract worth up to £ 600,000 a week at Real, he will have to do a lot more for Spurs in the final two months of the season to win over manager Jose Mourinho and President Daniel Levy that he is worth a big financial outlay to keep him at the club next season.

– Marcotti: Bale’s contract conundrum haunts Real Madrid and Spurs

Bale, who turns 32 in July, has scored a respectable 10 goals in 25 games in all competitions for Spurs this season, but despite his impressive strike rate, the Welsh international has missed too many games to be considered to have provided a good value for money. .

A fit and fit Bale would be an asset, but getting him fit and fit has been Tottenham’s problem for most of this season.

With two more years to go on his contract at Liverpool, it doesn’t look like Mohamed Salah’s future at Anfield is urgent. But the Egyptian has made a series of remarks in recent months about the possibility of a move from Liverpool, specifically to Spain.

The gambling financial crisis, caused by the pandemic, left Salah with limited options in terms of finding a move. The same goes for Liverpool who, if they were willing to sell, would find the market much less successful than when they did sell Philippe Coutinho in Barcelona for £ 142million in January 2018.

If there is a club willing to spend more than £ 80million to sign Salah, Liverpool would face a big decision as to whether the time is right to sell a player who turns 29 in June in order to reinvest in the Jurgen Klopp’s team.

At 24, Dele Alli is approaching a crossroads in his career this summer, which he will likely spend at home after losing his place in the England squad before the rescheduled Euro. With three years to go on his contract at Tottenham, Alli will demand hefty fees if he is sold, but his failure to earn a regular place under Jose Mourinho means he will have to seriously consider a move in order to launch his career.

Alli has only made 22 appearances in all competitions, scoring three goals, but he still has admirers, namely his former Spurs boss Mauricio Pochettino, who is now at Paris Saint-Germain. A return to the squad in the final weeks of the season could defuse the situation for Alli, but that seems an unlikely prospect, so he will either have to sit still and hope he survives Mourinho at Spurs or try to force a move elsewhere.

The England captain showed no commitment to Spurs’ future when asked this week about the prospect of moving away from the club to win major trophies. Sources told ESPN that Manchester City and Manchester United will both move for Kane if the 27-year-old shows signs of leaving Spurs, but with three years remaining on his contract, the London club would insist on huge fees for their objective. -mark the talisman.

As he nears his 28th birthday in July, Kane could see this summer as a landmark move in terms of moving to one of Europe’s biggest clubs. He seeks glory elsewhere or vows to help Spurs achieve it themselves, but beating City in the Carabao Cup final and finishing in the top four in the Premier League would go a long way in persuading him to stay.

If Kane decides to leave, Spurs won’t make it easy for him.

The Dutch midfielder from Liverpool is out of contract this summer and has so far resisted all attempts to persuade him to extend his contract. The 30-year-old is a target for Barcelona, ​​with former Netherlands coach Ronald Koeman keen to sign him for a free transfer.

Wijnaldum’s consistency and versatility would be a big loss for Liverpool manager Jurgen Klopp, who is expected to replace former Newcastle player without receiving a fee for him. But with Liverpool hit harder than most by the financial impact of the pandemic, the short-term cost of Wijnaldum’s salary hike to keep him at Anfield may turn out to be a better deal than trying to do it. to replace.

Manchester United have a big decision to make regarding their No.1 goalkeeper, with Dean Henderson‘s at Old Trafford ensuring that one of them will probably leave this summer.

Ole Gunnar Solskjaer’s selection for Sunday’s home game against Brighton could give us the answer to the club’s dilemma, with Henderson having played the last six games after De Gea returned to Spain for the birth of his child.

If De Gea fails to reclaim his spot this weekend, it will signal that Henderson is now the top pick and De Gea is unlikely to want to stay for the final two years of his contract as number two. But with a salary worth £ 300,000 a week at Old Trafford, De Gea will be a tough sell for United. Those salaries, hefty fees, and the 30-year-old’s inconsistent form in recent years make him an expensive bet for any potential buyer.

One year away from his contract in the Emirates, Alexandre Lacazette faces a few decisive weeks. The 29-year-old has struggled to convince manager Mikel Arteta of his worth this season, but he still managed 13 goals in 34 games in all competitions, so he remains a proven goalscorer at the highest level.

Still, with Arsenal needing to raise funds to bolster Arteta’s squad, Lacazette falls into the salable asset category. At the same time, as he nears his 30th birthday at the end of May, the Gunners could decide that it doesn’t make financial sense to offer him a new contract. This means that Lacazette has just under two months to close a new deal or convince a potential buyer that it is worth signing.

It will be a crucial summer for the Aston Villa midfielder, who has taken his game to a new level with the club and England this season.

The lack of a move last summer, when Manchester United chose not to pursue their interest in the 25-year-old, prompted Grealish to sign a contract until 2025 at Villa Park. But in doing so, Villa also ensured that they would be able to order a big sum for Grealish this summer if he impresses at Euro 2020.

Manchester City are keeping an eye on Grealish and could take a step, but if he performs well for England this summer, Villa will find it extremely difficult to retain their star player.

]]> http://gutenberg.tv/pulisic-pogba-and-salah-among-premier-league-stars-facing-critical-decisions-about-their-clubs-and-future/feed/ 0 What to do if you have university expenses, student debt http://gutenberg.tv/what-to-do-if-you-have-university-expenses-student-debt/ http://gutenberg.tv/what-to-do-if-you-have-university-expenses-student-debt/#respond Wed, 07 Apr 2021 23:17:43 +0000 http://gutenberg.tv/what-to-do-if-you-have-university-expenses-student-debt/

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Many Americans who have obtained or expect to receive a stimulus payment under the latest economic relief plan for the COVID-19 pandemic may also have or know they will have expenses or debts related to the COVID-19 pandemic. university – so what’s the best thing to do with a check for maybe $ 1,400 under these circumstances?

The answer will really depend on each individual’s financial situation, said Roberta Johnson, director of student financial aid at Iowa State University – but there is key and universal information.

An additional context to consider – the temporary suspension of payments and interest on federal student loans owned by the US Department of Education, enacted in March 2020 due to the pandemic, was extended in January to last at least until September 30 of this year.

Following: Trump and Biden froze federal student loans. Should borrowers pay or take a break before unfreezing?

President Joe Biden has also previously declared his support for Congress to write off $ 10,000 in personal student loan debt, although he is rejected appeals from fellow Democrats to cancel a value of $ 50,000. Either way, it is not clear if or when the loan cancellation can occur.

Americans collectively owed more than $ 1.7 trillion in student loan debt by the end of 2020, according to the Federal Reserve, and the average 2019 public or private nonprofit college graduate owed an average of $ 28,950, according to The Institute for Access to and Success in College.

Whether it was going into debt or trying to save for future college spending, Americans have also had to think about it all during the economic and social upheavals and job losses of the pandemic that have boosted economic stimulus packages in the first place.

Stimulation controls: How to Check the IRS Status of Your COVID Relief Payment

Understanding Your Student Debt or Education Savings Plan

Johnson could not immediately estimate how many ISU students would get themselves a stimulus payment compared to a financial dependent in their family. She said the only way to know if a student is a dependent is if they have completed the Free Application for Federal Student Aid, or FAFSA, and not all students are or feel they are eligible. the need.

Anyone who handles a stimulus payment, Johnson said that if a student goes into debt in college and knows they’ll graduate with more debt than the stimulus could cover, it’s important to consider how long they’ll be. remains before graduation and what type of debt the student has before deciding what to do with a stimulus payment.

A freshman three or four years early may want to put money aside for future expenses, “the idea being that if you have that cushion available to you, you potentially won’t need it. to borrow that much in the future, ”Johnson said.

Most federal student loans have a post-graduation grace period of six months before payments are required – a grace period that, for a class of 2021 senior graduating in May, would end after the due date. current end of the temporary suspension of payments and interest in place due to the pandemic.

Johnson said a student graduating in May who is considering relocating to another city could take more advantage of his stimulus by earmarking it towards expenses such as first and last month rent that may soon fall due. Someone who stays close or won’t have those expenses might want to assess the accrued interest on their loans instead.

Following: Fed aims delicate balance between injured economy and booming outlook as it unveils new forecast

Subsidized loans do not carry interest while a student is in school. Johnson therefore said it didn’t make as much sense to pay off that debt early in his college career as it did to set up a savings plan.

However, she said if someone was borrowing heavily through unsubsidized or private loans that accumulate interest while they were enrolled in school, it might be better to pay that interest back, especially if the interest on a private loan is recapitalized regularly and is added to the loan balance.

A family with a child years away from college but anxious to save for their child’s education might also be wondering how best to use a stimulus payment.

The safest option is a savings account, but these aren’t earning much interest at the moment due to the economic policy response to the pandemic.

A certificate of deposit will likely have a higher interest rate than a savings account, but a 529 plan will be even better, Johnson said.

She said that 529 plans can be invested and set based on a family’s risk tolerance for their investment. If a family invests even a few hundred dollars several years before their child reaches college age, it could really grow their money.

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About half of student borrowers think they’ll be in debt forever

More than half of student borrowers believe they will be in debt forever. Natasha Abellard de Veuer has the story.

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You can request that your new economic situation be taken into account

Johnson said the ISU’s financial aid office has a few financial success coaches – counselors with additional training in financial literacy – and that any student can ask questions about financial issues, regardless of whether they are finished. FAFSA or be eligible for financial assistance.

Most office appointments are still done virtually.

Anyone who missed the deadline for priority assistance to complete their FAFSA can still at least fill out the form, and Johnson said it might be good to have the form on file in case circumstances change and someone would need financial help when they hadn’t done it before.

She also said that because the stimulus payments are not taxable, this income should not affect a person’s eligibility for financial assistance.

Following: A “staggering” number of needy students are not applying to college. Is “an entire generation” missing?

Eligibility for financial aid through the FAFSA for the current 2020-21 school year is based on information from 2019.

“We know a lot has happened in 2020, and the families’ incomes they earned in 2020 might not look like they were in 2019,” so Johnson added that families who have experienced radical changes in their financial situation can contact their office to submit an appeal to the Department of Education to have their change in circumstances factored into their eligibility for assistance – a process known as a professional judgment review .

Phillip Sitter covers education for the Ames Tribune, including the Iowa State University and PreK-12 schools in Ames and elsewhere in Story County. Phillip can be contacted by email at psitter@gannett.com. He’s on Twitter @pslifeisabeauty.

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Ellison calls for debt cancellation for students defrauded by for-profit college http://gutenberg.tv/ellison-calls-for-debt-cancellation-for-students-defrauded-by-for-profit-college/ http://gutenberg.tv/ellison-calls-for-debt-cancellation-for-students-defrauded-by-for-profit-college/#respond Wed, 07 Apr 2021 23:17:42 +0000 http://gutenberg.tv/ellison-calls-for-debt-cancellation-for-students-defrauded-by-for-profit-college/

Minnesota Attorney General Keith Ellison joined with 24 other state attorneys general in demanding repayment of payments and cancellation of student loans for former students of the ITT Technical Institute, a for-profit college that closed in 2016.

The US Department of Education’s “borrower defense” application calls for loan cancellation for students who borrowed federal money to attend ITT Technical Institute between 2007 and 2011. College induced students in error about the value of a diploma, depending on demand.

Under federal law, the US Department of Education can cancel federal student loans for borrowers who have been deceived.

More than 1,200 Minnesota residents were enrolled in ITT, either online or at one of two Minnesota campuses.

The action is the latest step in a series of actions the Minnesota attorney general’s office has taken to help borrowers who have been defrauded by ITT and other for-profit colleges.

In October, Ellison struck a deal with a trust that held $ 1.6 million in student loans issued by ITT. Ellison’s office also filed for bankruptcy of ITT.

In March, Ellison announced a provisional agreement this would provide $ 23 million in federal student debt relief and nearly $ 16 million in cash compensation to 920 former Minnesota School of Business and Globe University students who were fraudulently enrolled in the Criminal Justice Program of the United States. colleges and issued “illegal loans”.

Ellison this week joined another coalition of 23 attorneys general writing to U.S. Education Secretary Miguel Cardona to demand more reforms to protect those who borrowed money to attend for-profit and closed colleges.

“I am proud to join national coalitions fighting for aid, because no Minnesotan and no American should be held in outrageous debt when they are just trying to pay for their lives,” Ellison said in a statement.

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Launch of the national mask donation program with Kids Matter International http://gutenberg.tv/launch-of-the-national-mask-donation-program-with-kids-matter-international/ http://gutenberg.tv/launch-of-the-national-mask-donation-program-with-kids-matter-international/#respond Wed, 07 Apr 2021 23:17:40 +0000 http://gutenberg.tv/launch-of-the-national-mask-donation-program-with-kids-matter-international/

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FT. WORTH, Texas, April 6, 2021 (GLOBE NEWSWIRE) – SecurCapital, LARGE Logistics, Maximed, Resources for healthcare professionals (HPR) and Children matter internationally today announced the launch of its national mask donation program. With millions of medical-grade masks available for immediate shipment from Dallas, the program will rapidly deploy high-quality masks to schools, local organizations and communities in need that do not have access to a cohesive supply chain. and secured in personal protective equipment (PPE). The core program team representing veterans in the healthcare finance, logistics and distribution sectors is looking for donor companies to purchase masks on behalf of schools, local communities and 501 (c) organizations ( 3) in need.

“The prevalence of fraud in the PPE market and the insufficient supply of high quality medical masks in our local communities inspired us to create this program,” said Steve Russell, CEO of SecurCapital. “Our masks meet US quality and regulatory standards and our adjustable adult mask can be converted to fit a child, allowing us to provide medical grade protection for people of all ages.”

With connections to the Texan community through Affiliate Partners, Kids Matter International received the first set of medical grade masks to support its mission to improve and empower the lives of children growing up in poverty. Managed by SecurCapital’s SecurFoundation with distribution via HPR and a realization of BIG Logistics, the program made its first donation to Grapevine Colleyville Independent School District (GCISD) in Texas on February 12-15. Cross Timbers Middle School (CTMS), Colleyville Heritage Middle School (CHMS) and Grapevine High School (GHS) have all received high quality medical masks for their students.

“As a mother of three, my top priority is the safety of my children,” said Samantha Strain, CEO of HPR. “Our team couldn’t be more proud to answer the call to help schools in need and we hope this program serves as a call to action for donors across the country to join us in helping. to stop the spread of COVID-19. . By donating masks through our program to 501 (c) (3) organizations, including schools and communities across the country, donors have the opportunity to make a real difference locally and nationally.

The team plans to expand their mask donation program with the support of corporate donors to help communities in need across the United States. and execution through BIG Logistics’ Ft. Worth Center in Texas. For more information on the mask donation program, please email distribution@wearehpr.com.

About SecurCapitalSecurCapital and its subsidiaries are proven PPE suppliers, 3PL warehouse operators and lenders who strengthen logistics and small businesses. The company was founded in 2017 and is headquartered in Los Angeles, California, and is operated by PPE, logistics, “cloud pioneers” and financial services veterans. SecurCapital offers a wide range of PPE to wholesalers, distributors and consumers. The company provides private small and medium-sized businesses, start-ups with access to working capital, term loans and mission-critical end-to-end supply chain services. For more information, please visit http://www.securcapital.com.

About BIG LogisticsIn 2016, a group of professionals from the finance, technology and logistics industries with aggressive growth plans and strong financial backing, acquired a 25-year-old KFS, Inc. and renamed it BIG Logistics. , LLC. The company currently has three state-of-the-art facilities in Texas: Alliance Fort Worth (AFW), Dallas Fort Worth (DFW) and El Paso (ELP). We have a field office located in Houston (IAH) and in the process of forming a new field office in Huntsville, AL (HSV). We offer configurable shelving and 375,000 square feet of warehouse space. We can handle all your warehouse and distribution needs. We also use our purchasing power and the latest technology to offer you the lowest prices and top-of-the-line service and increase your visibility in your supply chain. Our plan is for aggressive value growth by delivering the services our customers need today and envisioning them in the future. These beliefs, along with our proven international and domestic supply chain management, uniquely position us to be equal partners with our customers and suppliers. We are firmly committed to the path of digital transformation towards our end-to-end (E2E) service offerings. For more information, please visit www.biglogistics.com.

About MaxiMediMaxiMedi Limited is a subsidiary of UK company Maxi MLM Holdings Limited. MaxiMedi was one of the few companies to efficiently and reliably source high-quality PPE for the UK government during the first wave of the COVID-19 pandemic. Having established itself as a supplier of quality products (over one billion units supplied to date without a single return), MaxiMedi has become a trusted global partner for the distribution of PPE. MaxiMedi is currently the largest supplier of PPE in the UK, supplying distinguished and well-known brands around the world. For more information, please visit www.maximedi.co.uk.

About Resources for Healthcare ProfessionalsHealth Professional Resources (HPR) is a US supplier of medical grade disposable medical products, personal protective equipment (PPE), and infection control products and services. A company owned by women and veterans who have served the healthcare industry since 1996, HPR relies on the best global and domestic manufacturing partners to ensure consistent sourcing, sourcing and delivery of high-quality, standards-compliant products. international and national. FDA regulations. Collectively, HPR’s leadership team represents decades of industry experience, and has become the healthcare procurement partner of choice for some of the world’s best-known brands. For more information, please visit http://www.wearehpr.com.

About Kids Matter InternationalKids Matter International is passionate about helping children living in poverty by providing basic needs, such as new clothes and shoes, books and backpacks. We believe that every child is precious and should be treated with dignity and respect and give hope for a better future. For more information on Kids Matter International, visit www.kidsmatterinternational.org.

Contact: Paige Schultzpschultz@wearecsg.com

Source: Resources for healthcare professionals

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Is open banking making waves in P2P? http://gutenberg.tv/is-open-banking-making-waves-in-p2p/ http://gutenberg.tv/is-open-banking-making-waves-in-p2p/#respond Wed, 07 Apr 2021 23:17:38 +0000 http://gutenberg.tv/is-open-banking-making-waves-in-p2p/

Open banking has many benefits for lenders, including peer-to-peer lending platforms, and it has been more important than ever during the pandemic.

But in the three years since its introduction in January 2018 with great fanfare, is the data sharing initiative really making waves in the industry?

Platforms can use open banking to better assess borrower affordability using real-time data rather than old bank statements. It also helps reduce friction in their processes and deliver an improved customer experience as well as faster loan decisions. Open banking can also help reduce fraud, for example by confirming beneficiaries.

These benefits were even more vital during the Covid-19 crisis, allowing lenders to assess affordability, reduce fraud, and offer faster loan decisions to borrowers before going elsewhere for funds whose they need it so much.

Read more: Open banking boosts pandemic lending

However, only a handful of P2P platforms currently use open banking, although this has increased over the past 18 months.

In 2018 Works Loan in partnership with Crédit Kudos to deploy open banking for credit applications and the platform has demonstrated its advantages. COO Jonathan Kramer previously said the platform uses it to reduce friction in its processes and improve customer service., and the benefits will shift to underwriting and meeting the affordability requirements of the City regulator.

In 2020, ArchOver announced that it had partnered with analytics firm AccountScore to provide open banking data for use in its credit and monitoring teams and last year Rebuild the company had access to an open bank for himself and his executives after his technology provider White Label Crowdfunding partnered with TrueLayer.

Leap Lending was launched in January last year with the USP requiring all of its borrowers to use open banking and last month Kuflink launched a beta version of a new app for investors, with plans to add open banking functions.

Open banking brings a series of advantages for platforms. But in three years, adoption has been slow, with only a few platforms using it. However, this seems to be improving with the increasing adoption of the data sharing initiative and now more than two million consumers use it.

Read more: CMA launches an open banking consultation

The Open Banking Implementation Entity has estimated that since January 2020, an average of 160,000 users have switched to open banking each month.

Funding Xchange Managing Director Katrin Herrling put it best when she explained why the slowness was expected and that there was nothing to worry about.

“The open bank is basically a nuclear power plant that someone places on green land which is an extremely powerful data source, but as you can imagine with a power plant on green land you need a huge infrastructure to get to the point where you can slice your toast in the morning, ”she said at the LendIt Fintech Europe Lending Innovation Summit.

Whether open banking is making waves in the alternative lending industry remains to be debated, but it is certainly swimming towards a brighter future.

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