Farm loan delinquencies highest in 9 years as prices slump
The nation’s farmers are struggling to pay back loans after years of low crop prices and export markets hit by President Donald Trump’s tariffs, with a key government program showing the highest default rate in at least nine years.
Payday lenders to face new regulations
Payday lenders are facing new federal regulations aimed at preventing low-income borrowers from being buried by high fees and rising debt loads.
Obama calls for more rights for student borrowers
Issuing a clarion call to Americans saddled by student debt, President Barack Obama urged student borrowers Tuesday to stand up for their rights, and announced a medley of modest steps to bring some order to a notoriously chaotic system.
Rules are coming on payday loans
Troubled by consumer complaints and loopholes in state laws, federal regulators are putting together the first rules on payday loans aimed at helping cash-strapped borrowers avoid falling into a cycle of high-rate debt.
Report: Private student borrowers can’t get help
Millions of Americans still struggle with high-cost private student loans, with many tumbling into default because the companies servicing the loans aren’t offering reasonable options for improved terms, a new report says.
Pentagon wants tighter military short-term loan protections
Aiming to restrict lenders who prey on members of the military, the Obama administration on Friday moved to close legal loopholes that have placed hundreds of thousands of service members at risk of excessive payday and other short-term loan fees.
Women small business owners struggle to get loans
Women are a growing force in the business world, but if they own a company, they may still struggle to get a loan from a bank.
Obama signs student loan deal
WASHINGTON — President Barack Obama signed into law Friday a measure restoring lower interest rates for student loans, pledging the hard-fought compromise would be just
Senators ready to restore lower college rates
Senators are ready to offer students a better deal on their college loans this fall, but future classes could see higher interest rates.
Back to negotiations after student loan plan fails
WASHINGTON — The defeat of a student loan bill in the Senate on Wednesday clears the way for fresh negotiations to restore lower rates, but
As loan interest doubles, students face tough decisions
While Mississippi University for Women psychology major Kayla Tate finishes her coursework, she mulls what her next step will be. Graduate school is the front runner of her many options.
While she hasn’t had to rely on student loans so far, it seems likely she would need a loan to continue her education. As of today, the cost of a student loan has doubled.
Senators: Student loan interest rates to double
Student loan rates will double Monday — at least for a while — after a compromise to keep student loan interest rates low proved unwinnable before the July 1 deadline, senators said Thursday.
School board approves improvement bonds
The Starkville School District Board of Trustees Tuesday approved up to $9.95 million in spending power in which at least $2 million in no-interest loans will be used for various maintenance and repair projects.
SBA offers disaster loans to Noxubee
The United States Small Business Administration granted a request from Mississippi Gov. Phil Bryant to offer disaster loans to residents and business owners in Noxubee County affected by an EF-3 tornado that severely damaged parts of Shuqualak April 12.
Neither party has cash for student loan rate fix
Incoming college freshmen could end up paying $5,000 more for the same student loans their older siblings have if Congress doesn’t stop interest rates from doubling.
Bryant gets bill permanently allowing payday loans
Mississippi lawmakers may never have to debate payday loan interest rates again.
Developers could benefit from revival of low-interest loan program for Main Street
Main Street Columbus Inc. and developers are pushing to revive a long-dead low-interest loan program that helped spruce up downtown buildings.