Asian Families Split In Chase For Education
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Education providers and researchers say there are increasing numbers of what have been dubbed “wild geese” or “astronaut families”, particularly from South Korea, living in New Zealand to give their children a high-quality Western education.
The South Korean description is “wild geese”, but a New Zealand report uses “astronaut families”, a term coined in Hong Kong.
The [...]
United Way Has New Goals For Education
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The president of the United Way of America announced plans this week to steer money over the next 10 years toward programs related to education, income and health care.
That’s already being done at the United Way of Central Oklahoma, the local organization’s president said Friday from Washington, where he was meeting with elected officials from [...]
Alternative Education To Get Boost
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Baltimore school administrators unveiled a plan yesterday to reduce violence and the dropout rate by overhauling alternative education, nearly doubling the number of alternative school slots by August and creating morning and evening programs for working students.
The plan calls for the creation of two new alternative schools and the redesign of existing alternative schools, where [...]
Seeking A Hubbie Get A Degree
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Women with degrees are more likely to marry than their less educated sisters, in a dramatic reversal of an established pattern, new analysis of the 2006 Austarlian census shows.
Those who have been to university are now the ones with the best chance of finding a husband, leading some to worry that marriage is becoming the [...]
US STOCKSMarket slips on deeper job losses
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By Jennifer Coogan
NEW YORK, April 4 (Reuters) - U.S. stocks edged lower on
Friday after news of an unexpectedly large decline in payrolls
tempered earlier optimism about the jobs market, but the market
was still poised to end the week on a high note.
Shares of for-profit education companies were trading
higher on expectations that a dimming [...]
First Marblehead sinks as big client goes bankrupt
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First Marblehead shares fell $3.20, or 41.6 percent, to $4.50 in premarket trading.
The decline came after The Education Resources Institute Inc, which calls itself the largest not-for-profit guarantor of U.S. private education loans, filed Monday for Chapter 11 bankruptcy protection. It said rising borrower defaults and credit market problems damaged liquidity, and that its viability [...]
Big US student loan guarantor files for bankruptcy
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The company, known as TERI, filed for protection from
creditors with the U.S. bankruptcy court in Boston, where it is
based. It has more than $1 billion of assets, and between
$500,000,001 and $1 billion of liabilities, court papers show.
TERI said it has more than $17 billion of outstanding loan
guarantees, and has since its founding in [...]
Global poverty to halve by 2015 Africa seen lagging
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WASHINGTON (Reuters) - The world is on course to halve extreme poverty by 2015, but Africa will fall far short of the U.N.’s Millennium Development Goals, the World Bank and International Monetary Fund said on Tuesday.
A new report by the global institutions also warned that urgent action was needed to tackle climate change, which threatens [...]
Big US student loan guarantor files for bankruptcy
Posted by admin
The company, known as TERI, filed for protection from
creditors with the U.S. bankruptcy court in Boston, where it is
based. It has more than $1 billion of assets, and between
$500,000,001 and $1 billion of liabilities, court papers show.
TERI said it has more than $17 billion of outstanding loan
guarantees, and has since its founding in [...]
First Marblehead sinks guarantor is bankrupt
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NEW YORK (Reuters) - Shares of First Marblehead Corp (FMD.N: Quote, Profile, Research), one of the largest securitizers of student loans, sank 37 percent on Tuesday after a company that guarantees bonds it helps to sell filed for bankruptcy protection.
The decline came after The Education Resources Institute Inc, which is known as TERI and calls [...]
