S&S Private Capital Announced Today Exceeding 25,000 Clients Who Have Utilized Their Credit Score Optimization Systems to Obtain Their Home Loan and Other Financial Goals

January 7th, 2012 by Bank Loan | No Comments | Filed in Loans

Dallas, TX (PRWEB) June 28, 2011

S&S Private Capital, Inc. announced today that its S.O.S. – Score Optimization Systems has reached 25,000 consumers across the country who have utilized their credit score optimization services. S.O.S., the most advanced technology in the credit repair industry, is able to help its clients meet the credit score requirements and lending guidelines necessary to qualify for the home loans and other financial solutions they were previously turned down for based on past damaging trade history reporting to their Equifax, Trans Union and Experian personal credit files.

S&S Private Capitals S.O.S. system analyzes it’s clients credit report in its entirety, identifying all the factors both negative and positive, having any affect on their credit score that is preventing them from obtaining their goals. Based on the financial goals of the client, their current credit situation, and the banks loan requirements, Score Optimization Systems will then calculate the most effective and efficient plan of action necessary in assisting the client in successfully meeting all the loan stipulations.

Thanks to Score Optimization Systems, I was able to overcome credit mistakes I made when I was younger. Gene Schwalen and his staff made the process very simple and after signing up for their services, I was able to purchase my very first home!, reported Amanda Walls with the U.S. S.S.A.

With the S.O.S. Guaranteed Loan Approval Program, consumers can now turn all their “Maydays” into “Paydays” by not only qualifying for their home loan, but by also saving thousands of dollars in interest overcharges every year.

S&S Private Capital, Inc. and its S.O.S. Score Optimization Systems focuses on credit report repair, and more importantly, credit score optimization. The S.O.S. consulting services educates clients on how to obtain their home loan and other financial goals while qualifying for the most competitive rates and programs. In business since 1998, the developers of Score Optimization Systems have helped more than 25,000 thousand clients including individuals, families and businesses across the country in realizing the gift of a great credit rating and the value it brings.

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Inc. Magazine Unveils Exclusive List of America’s Fastest-Growing Private Companies – the Inc. 5000

November 2nd, 2011 by Bank Loan | No Comments | Filed in Bank

Livonia, MI (Vocus) August 31, 2009

Inc. magazine today ranked WorkForce Software NO. 2528 on its third annual Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy — America’s independent-minded entrepreneurs. Consumer electronics maker Vizio, Internet giant GoDaddy, rental car service Zipcar, and beverage maker Honest Tea are among the prominent brands featured on this year’s list.

“Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate,” said Inc. 5000 project manager Jim Melloan. ”That’s why our list is so eagerly anticipated every year.”

WorkForce Software, Inc. is the leader in workforce management solutions for organizations with complex policies and compliance concerns. Its EmpCenter Workforce Management system enables strategic HR by automating and streamlining tactical tasks, and allowing HR to focus on business goals.

Since its inception in 1999, WorkForce Software has focused on delivering solutions that exceed customer expectations by providing a configurable system that easily adopts and manages any organization’s policies and procedures, regardless of the complexity. By enforcing business rules, EmpCenter eases the minds of employers and HR personnel. When it comes to managing the workforce, it is critical to stay abreast of the changing government regulations, labor contracts, and other compliance concerns; non-compliance with any of these rules and regulations affect an organization’s creditability and bottom line with costly fines.

WorkForce Software’s President & CEO Kevin Choksi credits the company’s continued revenue growth over the past 10 years to its customers, the flexibility of the EmpCenter solution, and its highly experienced team. “We are honored to be recognized on the Inc. 5,000 list for the third consecutive year as one of the fastest-growing private companies in the country,” said Choksi. “We owe much of our success to our customers who have actively participated in helping us define and develop the solution the industry demands. And, over the next four quarters, we are announcing two game-changing products that will significantly impact the way organizations manage their workforce.”

The 2009 Inc. 5000, unveiled today on Inc.com, serves as a unique report card on the U.S. economy. Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $ 214 billion, up $ 29 billion from last year, with a median three-year growth rate of 126 percent. The Inc. 5000 are responsible for creating more than 1 million jobs since their founding, making the list perhaps the best example of the impact private, fast-growing companies can have on the economy. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on Inc.com.

This year’s list also offers a preview of which industries are poised for growth in coming years. With an average growth rate of 667 percent, Insurance ranked as the top industry overall. Government Services was the top industry gainer with 252 companies on this year’s list, up from 135 last year. Health is the top industry by both total revenue ($ 22.7 billion) and total employment (156,223 jobs).

The Hottest Regions for Fast-Growing Companies

Once again, California tops the Inc. 5000 with the most companies of any state with 612. The Golden State is followed by Texas (393), New York (316), Florida (263), and Virginia (261). All 50 states, plus Washington, D.C., and Puerto Rico, are represented on this year’s list.

New York boasts 371 Inc. 5000 companies, making it the top metropolitan area, followed by Washington, D.C. (317), Los Angeles (253), Atlanta (209), and Chicago (203).

The Inc. 5000 at a Glance

Bolstered by this year’s No. 1 company, Northern Capital Insurance, Insurance emerged as the top industry, with an average growth rate of 667 percent. Other strong performers include Energy (523 percent) and Government Services (491 percent).

In total, the companies on the Inc. 5000 have created more than 1 million jobs. Health is the top employer with 156,223 jobs, followed by Business Products & Services (122,911), IT Services (89,632), Food & Beverage (86,572), and Construction (65,494).

IT Services had the most companies on this year’s list with 658, followed by Business Products & Services (502), Advertising & Marketing (398), Construction (354), and Manufacturing (342).

Topping this year’s list is Northern Capital Insurance, a Miami-based firm that is helping to revolutionize Florida’s ailing insurance industry. The company generated $ 95 million in revenue in 2008 and an impressive three-year growth rate of 19,812 percent.

The top woman-owned company is P3S (No. 17 overall), a San Antonio-based firm that provides IT network security and physical security services, mostly to the Defense Department. P3S, owned by Mary Ellen Trevino, recorded revenue of $ 13.5 million in 2008 and a three-year growth rate of 5,898 percent. The top minority-owned company is Harley Stanfield (No. 3 overall), a Washington, D.C.-based real estate investment firm that buys existing properties, makes them energy efficient, and then resells them as investment properties. Harley Stanfield, founded by Cedric Franklin, posted revenue of $ 38.4 million in 2008 and a three-year growth rate of 13,350 percent.

The Inc. 5000 posted an aggregate revenue of $ 214 billion in 2008, up nearly 16 percent from the previous year. The top five industries by total revenue include Health ($ 22.7 billion), Business Products & Services ($ 19.6 billion), Construction ($ 18.8 billion), Energy ($ 14.7 billion), and IT Services ($ 13.2 billion).

Methodology

The Inc. 5000 is ranked according to percentage revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, and therefore able to show four full calendar years of sales. Additionally, they have to be U.S.-based, privately held, for profit, and independent — not subsidiaries or divisions of other companies — as of December 31, 2008. Revenue in 2005 must have been at least $ 200,000, and revenue in 2008 must have been at least $ 2 million. The top 10 percent of companies on the list comprise the Inc. 500, now in its 28th year.

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (http://www.inc.com ) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at Inc.com.

About WorkForce Software

WorkForce Software, Inc. is the leader in workforce management solutions for organizations with complex policies and compliance concerns. Its EmpCenter system enables strategic HR by automating and streamlining interactions between the employer and its workforce. These interactions include time entry, time-off requests, request for personal information, and schedule preferences. By automating these interactions, organizations can better manage payroll and processing costs, help ensure compliance with state and federal regulations, and increase the productivity and satisfaction of their employees. The EmpCenter suite is composed of numerous applications, including Time and Attendance, Activity Based Costing, Multiple Assignments, Absence Management, FMLA Manager, Advanced Scheduling, and Fatigue Management. WorkForce Software’s diverse customer base includes large employers such as the University of California, the City of Raleigh, Vivendi Games, and Compass Bank. For more information, visit http://www.workforcesoftware.com .

Copyright ? 2009 WorkForce Software, Inc.

Media Contacts:

Melissa Diemert, Director of Marketing

WorkForce Software, Inc.

mdiemert(at)workforcesoftware(dot)com

(734) 742-3594

Clarissa Horowitz, Senior Director

Spark PR

clarissa(at)sparkpr(dot)com

Office: (415) 321-1881

Mobile: (415) 608-6825

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Getting student private loans regardless of need

October 1st, 2011 by Bank Loan | No Comments | Filed in Loans

Getting student private loans regardless of need

Private student loans are commonly referred to as alternative student loans, but whichever they are known as to you it is important to know right off the bat that private loans should be the last source to go to for financial aid money for college. This is because private loans as the name implies are managed and given by private companies that are in the business of student loans for the money. Interest rates on private loans are generally much higher than federal loans, and often come with disbursement fees, repayment fees, and even sometimes application fees.

There are of course advantages to private loans. The first advantage is that they are available to anyone looking to fund their college education, regardless of their need. Another advantage to private loans is that they often have far higher maximum limits per year and per degree then federal loans and grants. Of course if you are eligible for federal loans, federal grants, or any money from your school; you need to exhaust those sources first before considering private loans.

The first step in finding a good private student loan is to look beyond your school’s financial aid office. While some offices are honest and look out for the student, some have been accused of accepting bribe payments from private loan companies to service and promote a certain higher interest loan or fee laden deal. Many companies are available by searching the internet, asking fellow students, or a trusted financial aid officer at your school.

The next step is to narrow down the list by looking at critical fine print information such as disbursement fees, repayment fees, and of course interest rates. Disbursement fees are charged (applied to your total) whenever a loan is sent as a check to your school or to you. Keep in mind that private loans sent directly to the student often carry higher disbursement fees then those sent to your financial office; after all their charging a bit more for the ease of having the money directly in your hands (if this sounds like a credit card company move, don’t be surprised a lot of banks service cards as well as student loans). Repayment fees are paid when your loan is in repayment and you want to look for the lowest fees possible of both disbursement and repayment fees. More reputable companies often waive or reduce these fees if done through a school financial aid office but again be careful if your school’s financial aid office seems to be hawking pricey loans.

Interest rates are the next thing to consider. Many loans come with interest rates that can change at any time for pretty much any reason, so you’ll want to find loans that either have fixed rates or have an option to consolidate after college. Shop around to find which loans have overall lower rates. You can also get lower interest rates based on your credit history, although since many students are younger and may have no history, you may end up with a rate more likely to be given to someone with bad credit. Getting a cosigner such as a parent or close relative is always an option and most loan providers will offer lower rates to loans that have cosigners on them.

But before you convince someone to be your cosigner keep in mind that once the person signs the agreement, they are just as responsible for the loan as you are. That means if you don’t finish school, can’t pay the loan, or refuse to pay the loan then that person will be on the hook for the bill. Due to this risk many people are unwilling to cosign and if you are being considered as a cosigner then think long and hard about the decisions, don’t be guilt tripped or bribed into signing on the dotted line. Be sure as a potential cosigner that you ask yourself if you could afford this financial risk if the student defaulted on the loan, consider if the student is likely to finish college, and consider if they’d ever do the same for you.

Remember to shop around and look at differences in fees and interest rates. Also don’t be discouraged if you get turned down for a loan, there are always other loan providers out there and options such as finding a cosigner exist for getting approved for the loans. Remember to also consider the maximum amount that can be borrowed each year and for the life of the loan; if you are looking for graduate or professional school loans the amounts may vary and you may get more money per year. And of course remember that private loans are not free money, you should exhaust all other sources of financial aid before applying for private loans, this is money you’ll have to pay back plus interest so it should be used as a last resort and only for education related expenses (tuition, room and board, books).

Written by MaxwellPayne

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SimpleTuition Adds Student Loans from KeyBank: Now Families Have Even More Federal and Private Loan Options to Choose From at SimpleTuition.com

September 24th, 2011 by Bank Loan | No Comments | Filed in Bank

NEWTON, Mass. & CLEVELAND (PRWEB) July 11, 2007

????”When it comes to something as important as financing an education, KeyBank urges parents and students to explore all of the available loan options,” said Daryl Leake, national director of business development for Key Education Resources. “The loan comparison feature available through SimpleTuition.com will help borrowers compare loan products and make the best choices for their financial situation.”

Although many students are enjoying the summer break, come August more than 16 million(1) students will be heading off to school. About three-quarters of all full-time undergraduates will realize that they still need some type of financial aid(2).

“Paying for college is a long-term financial commitment lasting years beyond college graduation, so we believe in giving borrowers a rich range of choices,” said Kevin Walker, CEO of SimpleTuition, Inc. “Partnering with KeyBank reinforces our commitment to offering the widest range of student loan choices, empowering the borrower to easily compare, find, and ultimately select the financing option best suited for them.”

After users review their choices, SimpleTuition offers direct links to KeyBank where the entire application process can be completed online. Users can sort results by monthly payment, total cost of the loan, number of payments, first payment due date and APR, as well as compare by lender, loan type, fund disbursement, credit sensitivity, minimum and maximum loan amounts, repayment options and borrower benefits. To ensure objectivity, SimpleTuition is not a lender.

About Key Education Resources

Key Education Resources, the education financing arm of KeyBank, is one of the largest education loan providers in the U.S. In business for more than 50 years, Key Education Resources provides federal education loans, private loans, monthly payment plans and education consolidation loans for students and families in K-12, undergraduate, graduate and professional education institutions. For more information, visit http://www.Key.com/educate.

About KeyCorp

Cleveland-based KeyCorp is one of the nation’s largest bank-based financial services companies, with assets of approximately $ 93 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. For more information, visit http://www.key.com.

About SimpleTuition, Inc.

Founded in 2005, SimpleTuition is dedicated to helping students and parents make sense of education financing options. Recently featured as one of Fast Company’s Top 12 Web 2.0 sites, SimpleTuition offers the leading independent and interactive solution for researching and comparing over 100 private, PLUS, Stafford, GradPLUS and Federal Consolidation loans from more than 45 lenders. SimpleTuition is headquartered in Newton, Massachusetts and is funded by Atlas Venture, IDG Ventures Boston and North Hill Ventures. For more information, visit http://www.SimpleTuition.com.

(1) National Center for Education Statistics, Enrollment in educational institutions, June 2007

(2) U.S. Department of Education, Student Financing of Undergraduate Education: 2003-04, August 2006





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Credit Unions Challenge Big Banks For Private Student Loans

September 3rd, 2011 by Bank Loan | No Comments | Filed in Loans

Credit Unions Challenge Big Banks For Private Student Loans

Big banks that offer private-label college loans are facing new competition from credit unions that are looking to issue their own private student loans.

Credit unions, in increasing numbers, are developing partnerships with private student loan companies like Sallie Mae and Credit Union Student Choice to deliver private student loan products to credit union members. In one such agreement, Southeast Corporate Federal Credit Union, which itself has more than 400 member credit unions, will offer private student loans through Sallie Mae.

Private student loans, non-federal education loans issued by banks and private lenders, are designed to assist students who have exhausted their federal student loan options. Private student loans can be used to cover up to 100 percent of a student’s approved educational expenses.

Credit Unions Offering Flexibility in Student Loan Programs

Some credit union private loan programs are being structured to appeal to families with more than one student in college by enabling parents to make multiple withdrawals on a single line of credit worth as much as ,000. In addition, credit union–backed student loans are eliminating loan origination fees and offer both in-school student loan repayment and deferred, post-graduation repayment plans.

In-school repayment options enable students to reduce the overall amount of interest their private student loan accrues before they graduate. According to Sallie Mae, students who begin college loan repayments while still in school can reduce their student loan debt by 30 to 50 percent over traditional student loan payment plans, which defer repayment until after a student has graduated or left school.

Investors Looking to Private Student Loans’ Long-Term Growth

The prospects for private student loan companies and student loan securitization are improving marginally. The National Credit Union Administration (NCUA) recently sold a bond worth nearly .2 billion that was backed by student loans, after previously relying on commercial and residential mortgages to secure its bond sales.

Credit rating agencies are less sure that private student loan companies represent a good risk; however, many analysts remain optimistic about the long-term investment potential of private student loans.

Fueling investor confidence in the longer-term prospect of the private student loan market is the growing demand for student financial aid as record numbers of students are entering college each year.

Federal Budget Cuts May Pave the Way for More Private Student Loans

Indeed, private student loans may gain market share in a more immediate future than analysts had been predicting.

On Capitol Hill, the U.S. Senate is currently struggling to pass a continuation of its earlier spending authorization to fund the Department of Education’s federal Pell Grant program, which awards government-issued college grants to financially needy and lower-income students. The current authorization expires December 18.

If the Senate fails to reauthorize the funding proposal at its current level, students who are eligible for a Pell Grant may find their Pell Grant award reduced or eliminated. With less Pell Grant aid available to them, many of these students would then need to take out more money in student loans in order to pay for college and complete their degree.

Congress is already considering elimination of the Pell Grant program altogether, as recommended by President Obama’s National Commission on Fiscal Responsibility and Reform.

The bipartisan panel, which recently forwarded its final report to Congress, recommended that the federal government reduce federal education grants based on a student’s pre-college family income in favor of more government-issued student loans, which would need to be paid back, replenishing the government’s coffers, and that would be more attuned to a borrower’s post-graduation earning potential.

However, spending appropriations for an expanded federal student loan program may face stiff opposition in the Republican-led House of Representatives.

As Congress wrestles with the funding needs and long-term future of both federal grant and federal student loan programs, private student loan companies are positioning themselves to fill in any emerging federal financial aid funding gaps.

private college loans, student loan repayment calculator, federal Pell Grants

Written by jmictabor

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Solinvest Private Portfolio Beats the S&P/TSX Trend in the Last 3 Years

August 31st, 2011 by Bank Loan | No Comments | Filed in Bank

Kelowna, BC (PRWEB) June 24, 2011

Coreen Sol, CFA, lead portfolio manager for the Solinvest Private Portfolio has done it again. After beating the Toronto Stock Exchange Benchmark Index for the last few years, Solinvest Private Portfolio is up 8.24% Year To Date, net of all management expenses. That is compared to the S&P/TSX return of 3.6% over that same period. Previous years have produced returns of 25.4% and 37.1%, results which are 7% and 8% above the Benchmark Index.

?My investment model doesn?t just look at growing earnings but compares each company?s growth patterns to previous market cycles and peer expectations. It is an analytic horse race to me.?

Coreen maintains her investment practice out of the National Bank Financial Wealth Management office in Kelowna, British Columbia, but she personally engages with clients across the country and internationally. Coreen delivers a unique investment model where clients have direct access to a professional portfolio manager but can still enjoy the personal relationship with the steward managing their wealth.

?I developed a retail investment practice where, as a discretionary portfolio manager, I design investment portfolios for each account but the core investment strategies are homogenous. It is the most efficient, accessible, transparent and cost effective way to manage money that my analytical brain could come up with.?

Coreen has been managing investments since 1992. To find out more about the Solinvest Private Portfolio visit http://www.solinvest.ca

I have prepared this commentary to give you my thoughts on various investment alternatives and considerations which may be relevant to your portfolio. This commentary reflects my opinions alone, and may not reflect the views of National Bank Financial Group. In expressing these opinions, I bring my best judgment and professional experience from the perspective of someone who surveys a broad range of investments. Therefore, this report should be viewed as a reflection of my informed opinions rather than analyses produced by the Research Department of National Bank Financial.

The securities or sectors mentioned on this website are not suitable for all types of investors and should not be considered as recommendations. Please consult your investment advisor to verify whether this security or sector is suitable for you and to obtain complete information, including the main risk factors. Some of the securities mentioned in this letter may not be monitored by the analysts at National Bank Financial.

The particulars contained herein were obtained from sources we believe to be reliable, but are not guaranteed by us and may be incomplete. The opinions expressed are based upon our analysis and interpretation of these particulars and are not to be construed as a solicitation or offer to buy or sell the securities mentioned herein. The information contained herein has been prepared by Coreen T. Sol, CFA, an investment advisor with National Bank Financial.

National Bank Financial is an indirect wholly-owned subsidiary of National Bank of Canada. The National Bank of Canada is a public company listed on the Toronto Stock Exchange (NA: TSX) National Bank of Canada is a member of the Canadian Investor Protection Fund.

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Consolidate Private Student Loans

August 31st, 2011 by Bank Loan | No Comments | Filed in Loans

Consolidate Private Student Loans

Just to let you know, you are not the only graduate who has to deal with multiple private student loans. It is difficult to manage your financial condition with multiple loans on your back and other expenses to take care of. How can you remedy the situation? Have you ever thought of going to consolidate your private student loans?

When you are doing so, there are 3 things you need to look out for.

1. Loan consolidator

Unlike federal student loan consolidation, private loan consolidators charge various interest rates for your loans. The interest rate charged is according to the market rate. So, when the market rate is low, you can enjoy low interest rate. But when the market rate shoots up to the maximum cap, you will have to bear the burden.

And to get your business, different loan consolidators will offer different benefits when you consolidate your student loans with them.

Some of them may offer higher interest rate but they might offer lucrative packages that can benefit you in the long run and vice versa. So, you have to look into your need before you talk to the loan consolidators.

Lastly, you have to be extra careful when you are applying for online private student loan consolidation. This is because there are a lot of agencies which claim to consolidate your loans are actually referring your loans to firms that really consolidate student loans. You can actually get better interest rate when you deal directly with the responsible firms.

2. Extra cost and penalties

When you are consolidating your private student loan, you will also want to be clear of the extra cost that is involve in your consolidated loan.

Some loan consolidators might charge you for an application fee and some might charge you processing fee for credit history check.

And to let you know, many loan consolidators are withdrawing their pre-payment penalty (penalty that you need to pay when you settle your loan before the agreed loan period). So, be sure that you ask the loan consolidators about this and if they are unwilling to withdraw this for you, you can always look for another loan agency.

Although you can enjoy incentive with on-time payment, what if you are late with your monthly payment? How much penalties are they going to charge you? You have to be clear on every detail of your loan consolidation.

3. Promotions

And since the loan consolidators are competing for your business, it is common that they will run promotions once in a while to draw in new business. So, when you are talking to the loan agencies, remember to ask them about the promotions. It will be good to have some incentive to lighten your burden.

Sometime the loan agency will not inform you about the promotions. After all, they are affecting their profit when they run the promotions. So, you have to take the initiative and keep yourself update so that you can get on the boat before the expiry date.

To learn much more about student loan consolidation, visit StudentLoanConsolidationHowTo.blogspot.com where you will find this and much more including student loan consolidation comparison.

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Private Student Loans Set to Stage a Major Comeback

August 2nd, 2011 by Bank Loan | No Comments | Filed in Loans

Private Student Loans Set to Stage a Major Comeback

Industry analysts speculate that the volume of private student loans, which had dropped in 2008–09 and 2009–10, is poised to make a comeback as federal funding for education declines, especially among private, for-profit institutions.

Recent governmental analysis has shown that about one-fourth of all federal financial aid is directed toward students who attend private, for-profit colleges, even though these students represent just 12 percent of the national college population.

Private student loans are non-federal student loans — student loans issued by banks and private lenders, rather than by the federal government.

Private student loans are credit-based loans carrying variable interest rates that can be as much as three to five times as high as the fixed interest rates on federal college loans. Additionally, private student loans don’t generally offer the flexible repayment options and borrower hardship protections offered by federal education loans.

The recent substantial drop in the amount of private student loans being issued can be partly attributed to greater publicity of the drawbacks of these loans in comparison to federal student loans.

Consumer advocates, student groups, and the U.S. Department of Education have campaigned heavily over the past three years for the benefits of low-cost federal college loans over private student loans, which the groups maintain are more expensive and higher risk for vulnerable student borrowers, many of whom are financially inexperienced and who may not be aware of exactly what kind of long-term debt burden they’re signing up for.

Private Student Loans Poised to Surge at For-Profit Colleges

The student loan default rate among students from for-profit colleges is exceptionally high because these students — a large proportion of whom are low-income, minorities, or returning students — tend to have a harder time translating their for-profit degree into gainful employment, and they’re carrying much more student loan debt than their post-graduation income will allow them to repay.

New proposed federal financial aid regulations seek to rein in what critics of for-profit colleges see as runaway student debt levels by instituting a student loan default threshold that would render a for-profit institution ineligible to offer federal financial aid to its students if its students have a sustained high student loan default rate.

A proposed federal “gainful employment” rule would also yank federal financial aid funds from for-profit schools whose students graduate with excessive debt-to-income levels and are unable, in general, to find work — “gainful employment” — that will allow them to earn enough to pay off their student loans.

But in the absence of federal financial aid, private student loans remain the financing of choice among students — particularly in the current economy, with home equity, credit card lines, investments, and college savings largely decimated — and some private lenders are readying to fill in the gaps left by the suspension of federal financial aid at ineligible institutions.

According to analysts, large private student loan lenders like Wells Fargo and Sallie Mae will reap the benefits of the proposed federal financial aid sanctions, which are set to go into effect in 2012.

Lingering Recession Forces Students Toward Pricier Private Student Loans

The re-emergence of private student loans won’t be limited to just for-profit colleges, however. The rise, fall, and rise-again of private student loans as a part of U.S. students’ long-term financial aid future is tied directly to increases in the costs of college and the failure of federal financial aid to keep pace with the increases.

“Increases in college costs are the primary drivers of increases in student borrowing, especially when need-based grants don’t keep pace with higher college costs,” Mark Kantrowitz, publisher of FinAid.org, told Reuters.

And as the sour economy drags on, students’ need for funding sources to help pay for college will only become greater.

Publicly funded colleges and universities are reeling from a string of spending reductions for higher education and are passing along those losses to students in the form of tuition and fee increases.

“Private student loan volume could grow in the double digits next year because of tuition hikes driven by state budget constraints,” said Michael Taiano, a financial analyst at Sandler O’Neill.

At the same time, a record number of students are seeking a higher education, enrolling or re-enrolling in colleges and universities, stretching the federal financial aid budget thin.

“Federal budgets are constrained by how much in aid they can deliver,” said FBR Capital Markets analyst Matt Snowling. “So the funding gap is going to be filled by private loans.”

As the lender-in-chief for federal college loans, the federal government is also beginning to experience first-hand the impact of a growing number of student loan defaults, as a national populace in the midst of a recession and 10-percent unemployment struggles to keep up with its monthly bills.

Recent graduates are leaving school with record-high debt from student loans and diminished prospects for employment. Parents who in other years might have helped their children pay for college are finding themselves being turned down for federal parent loans because they have joined the ranks of the unemployed and don’t qualify for the loans based on their own creditworthiness.

All of these factors are re-opening the door to private student loans, despite the federal government’s best efforts to steer families from private student loans to federal financial aid options.

FinAid.org’s Kantrowitz predicts that the volume of private student loans will exceed federal student loan volume by 2025. And, as they have in the past, lenders of private student loans are perched, ready to fill in the widening gap between the cost of a college education and the value of a federal financial aid package.

private college loans, The Project on Student Debt, gainful employment rule

Written by jmictabor

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The Key To Private Equity Investment In Banking Firms

July 30th, 2011 by Bank Loan | No Comments | Filed in Bank

The Key To Private Equity Investment In Banking Firms
Private equity investment is nothing new. Sleeping partners in small businesses have been common since ages. However, with the modern day complexities, sizes and challenges, this has acquired new forms and names. For example, venture capital is funds invested in a relatively new business. Growth capital is offered to mature companies needing money for expansion or operational funds. Leveraged buyout is pooling investments to help or to help takeover a company in distress.

Bankers Role

India is attractive to both domestic and foreign private equity players. The safe economy, sanctity of contracts and a reliable legal system attract large funds to India. Investment banking firms specialise in locating opportunities for private equity. They pool the funds and manage the capital outlay. It is something similar to a stockbroker arranging trading of shares on a stock exchange. The only difference here it is not stock in the usual sense and the arrangement is arrived at, privately between the parties. The banker brokers private equity investment between the parties.

Rules of the Game

Some large finance firms build funds dedicated private equity. Smaller investments are pooled and are laid out privately. Here the investors do not have much active role; they only know the risks and expect higher than market returns. The regulations concerning private equity are quite flexible. However, it is advisable to checkout whether special approvals are necessary for a particular sector. Banking sector is a good example of certain regulations. The private equity investment sponsor may or may not have, or may not desire decision-making control.

Potential Returns

By their nature, these deals are one-to-one in nature; as such, the returns are negotiated by the funded company, the investor and the investment banking firms. Profits vary from case to case. Risks are higher; as a corollary, the profits are much higher than equities.

SMC Capitals is an Investment Banking arm of SMC Global and is a SEBI registered Merchant Banker that has published many informative articles on Private equity investment & Investment banking firms

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Fynanz Introduces New Consolidation Program for Private Student Loans

June 23rd, 2011 by Bank Loan | No Comments | Filed in Loans

New York, NY (PRWEB) February 1, 2011

Fynanz, Inc., the financial technology company that develops customized private student lending solutions and powers the cuStudentLoans.org private student loan marketplace, today announced the introduction of their new consolidation program for private student loans.

The new offering, known as the EdSucceed Private Student Loan Consolidation, will accompany the existing EdAccess Private Student Loan in Fynanz?s suite of loan products. EdSucceed, like EdAccess, will be issued by credit union lending partners within Fynanz?s program and offer variable rate pricing to qualified borrowers. The loan will also afford borrowers the ability to manage their expenses by selecting either a graduated or level repayment option.

?We?re pleased to announce the addition of a program with the current market demand of a private student loan consolidation,? said Vince Passione, CEO of Fynanz. ?Private student loan consolidation provides the opportunity to simplify finances and lower monthly payments and interest expenses. It also provides another powerful loan vehicle for our credit union lending partners to attract the GenY demographic following graduation,? continued Passione.

The EdSucceed Private Student Loan Consolidation, which has been in closed beta testing since November, will be made available to lending partners using the Fynanz platform on February 1st.

About Fynanz

Fynanz, Inc. is a leading technology provider of custom private student lending programs and turn-key solutions. Fynanz pioneered innovative technology that easily puts lenders into the private student lending business without the need to purchase or install any software. This end-to-end integrated solution includes complete origination, underwriting, servicing and marketing. Fynanz also powers cuStudentLoans.org, the leading private student lending marketplace, and currently serves more than 100 credit unions across the country. For more information, call (800) 881-8985, or visit http://www.fynanz.com.

Media Contact

Christian Widhalm, Fynanz, Inc.

christian.widhalm(at)fynanz(dot)com

646-626-7414

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