Word: loans
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...Loan Letdown...
...League and Stanford have made news with free tuition for the middle class, but less noticed is the increasing loan trouble facing a much larger group of schools: community colleges...
Still there is no denying the good fortune that has helped McCain secure the nomination. Just two months ago, the Arizona Senator was still a distant long shot, operating a bare-bones campaign on a bank loan with a dilapidated staff of mostly unpaid advisors. Then almost everything broke his way: Mike Huckabee won Iowa, crippling the powerhouse campaign of Mitt Romney. Rudy Giuliani abandoned New Hampshire, allowing his moderate supporters to shift to McCain. Fred Thompson stayed in the race until South Carolina, bleeding enough votes away from Huckabee to allow McCain to win that key state. Even Huckabee...
...WORKS: Lenders list the total amount they'd like to loan and the risk level they can stand. They can select individual borrowers who meet their criteria, or the site's Lending Match program will generate a portfolio. The mean 12.32% interest rate beats the current 3% average return...
...They're pretty small dollar amounts on each loan," Lui says. "I figured it would be acceptable if someone defaulted...