America's Student Loan Providers (ASLP), a group that represents loan providers under the federally guaranteed program, estimates that the bill will cut funding for guaranteed loans by about 80%, forcing borrowers into Direct Loans, which typically have slightly higher interest rates.
Mr. Mbindyo says borrowers must also be part of a loan group of at least a dozen people willing to be co-signers.
Bob Ash, director of Wachovia 's small-business group, says loan volume has been steady in the past few weeks compared to the first quarter of 2007.
The same Deutsche Bank-led bookrunner group is running the loan leg of the financing.
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It is backed by a small group of investors and a loan from a government agency.
If it happened, Microsoft would become the bridge loan to Alibaba Group and Softbank to finance their buying back their stakes.
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In a separate development in the industry, shares in the loss-making Kingfisher Airlines rose 5% after its owner, UB Group, agreed to increase a loan to the carrier.
He points to the Private Employment Partners Program, a small group of investors set up to provide loan guarantees to growth companies rich in intangible assets.
To offset any default, 5 percent of the loan is deposited at a bank as a guarantee, and a solidarity group of five to eight households is formed to share responsibility for the member's loan repayments.
An investigation by New York State Attorney General Andrew Cuomo revealed that officials at Columbia University, the University of Texas and the University of Southern California owned stock in a company called Education Lending Group, which owned a company called Student Loan Xpress.
Each woman gets her own, small, loan, but all the women in the group must meet their repayment obligations together.
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On the precipice of death, Painter obtained an emergency bridge loan from existing investors, which include Capricorn Investment Group, GRP Partners and an affiliate of Guthy-Renker.
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Also in the group, Bank of the Philippine Islands boasts the lowest delinquent-loan ratio in the country.
Unable to refinance, the group is asking the lender to accept a discounted payoff on the loan, according to Trepp, which also showed the mortgage flagged for imminent default.
He started trading commodities more than 30 years ago after receiving a business loan from his uncle, and eventually built the Dangote Group, which in addition to cement owns sugar refineries, flour milling and salt processing facilities.
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The loan agreements indicated that Reijtenbagh was the sole owner of Plaza Group and its affiliates, together with its investments.
That threat came from a group called Californians for Privacy Now, organized and funded by E-Loan Chairman and Chief Executive Christian Larsen.
Antal Desai with CMCG in Dallas and officials with several groups opposed to the private student loan industry as well as U.S. Public Interest Group.
That threat came from a group called Californians for Privacy Now, organized and funded by E-Loan (nasdaq: EELN - news - people ) Chairman and Chief Executive Christian Larsen.
In early 2001 Stephens Group in Arkansas, which owned 16% of Huntingdon, made a replacement loan.
Next month, the group also will start test marketing a concept called the Soil Trust, an ambitious loan guarantee for money lent to local enterprises.
Last month Communities Creating Opportunity, a non-profit group in Kansas City, Missouri, invited representatives of Bank of America and Countrywide to negotiate loan modifications with local customers.
Both private and government loans, however, lack "the most fundamental protections we take for granted with every other type of loan, " says Alan Collinge, founder of StudentLoanJustice.org, an advocacy group.
Mr Russell, who was culture minister at the time of the event, repeatedly denied that the loan was "secret", although it was not disclosed to members of the steering group at the time.
The former CEO of MF Global Holdings may have known of a loan to one of the firm's European affiliates using segregated customer accounts, CME Group's head told a U.S. Senate panel, contradicting Jon Corzine's own testimony.
In other news, the nearly nationalized American International Group announced plans to sell off a number of business units to pay off its massive and costly government loan, though it is retaining its U.S. property and casualty and foreign general insurance businesses.
For some students, a prepaid card offered through a college may be the fastest way to receive student-loan funds, says Rich Williams, higher education advocate with the U.S. Public Interest Research Group.
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