Trendy Outfit – Mijas Guide Tue, 19 Oct 2021 13:48:00 +0000 en-US hourly 1 Trendy Outfit – Mijas Guide 32 32 KBRA assigns preliminary ratings to PMT Loan Trust 2021-INV1 (PMTLT 2021-INV1) Tue, 19 Oct 2021 13:48:00 +0000

NEW YORK–(COMMERCIAL THREAD) – Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 53 classes of mortgage transfer certificates from PMT Loan Trust 2021-INV1 (PMTLT 2021-INV1). The transaction is backed by mortgages for qualifying investment purposes by leading agencies. The PMTLT 2021-INV1 pool comprises 1,416 fixed rate first residential mortgages with a total principal balance of $ 414.7 million as of the October 1, 2021 deadline. The pool is characterized by significant equity of the borrower in each mortgaged property, as evidenced by the original WA LTV of 59.2%. The initial weighted average credit score is 778, which is within the range for prime mortgages.

KBRA’s scoring approach included a loan-level analysis of the mortgage pool through its RMBS credit model, a review of the results of due diligence of third-party loan files, a cash flow modeling analysis of the payment structure of the transaction, reviews of key parties to the transaction, and an assessment of the legal structure and documentation of the transaction. This analysis is described in more detail in our US RMBS rating methodology.

Click here to view the report. To access the assessments and relevant documents, click here.

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Further information on key credit considerations, sensitivity analyzes that examine the factors that may affect these credit ratings and how they might lead to an improvement or a downgrade, and ESG factors (when they are a factor). key to the change in credit rating or rating outlook) can be found in the full appraisal report referenced above.

A description of all substantially significant sources that were used to prepare the credit rating and information about the method (s) (including significant models and sensitivity analyzes of the relevant key rating assumptions, if any) used to determine The credit rating is available in the Information Disclosure Form (s) located here.

Here you will find information about the meaning of each rating category.

Further information relating to this rating measure is available in the information disclosure form (s) referenced above. Additional information regarding KBRA’s policies, methodologies, rating scales and disclosures are available at

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the United States Securities and Exchange Commission as NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a credit rating agency with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a credit rating agency with the UK Financial Conduct Authority under the temporary registration regime. In addition, KBRA is appointed as the designated rating agency by the Ontario Securities Commission for issuers of asset-backed securities to file a simplified prospectus or a shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a credit rating provider.

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Geneva Financial announces higher compliant loan limits Mon, 18 Oct 2021 09:00:00 +0000

Posted: October 18, 2021 at 3:00 a.m. MDT|Update: 1 hour ago

CHANDLER, Arizona., October 18, 2021 / PRNewswire / – Geneva Financial Home Loans (Geneva) announces that they will now offer higher loan limits for compliant loans. The direct lender in 45 states has increased its conventional loan limit to $ 625,000 for single-family homes ahead of the Federal Housing Finance Agency’s announcement on compliance with loan limits for 2022.

Geneva Financial Home Loans Announces Higher Compliant Loan Limits

“It has been an unusual season in the mortgage market and home buyers are feeling the impact of rising home values ​​in addition to low inventory.” Aaron Van Trojen, said the CEO of Geneva Financial. “We are committed to providing opportunities for borrowers and saw the need to work with our aggregators to increase conventional loan limits ahead of the FHFA announcement. “

Due to the substantial rise in home values, borrowers are being pushed into jumbo loan products to obtain financing for homes that would have qualified for conventional financing 12 to 18 months ago. Jumbo loans have higher rates, larger down payments, and more stringent eligibility requirements. The increase in loan limits will temporarily allow Geneva borrowers the opportunity, in these unusual market circumstances, to obtain conventional financing at lower rates.

With over 130 branches nationwide, Geneva Financial Home Loans offers countless products focused on buyers and homeowners, including Conventional, FHA, VA, USDA, Refinance, Reverse, Jumbo Loans and Condo Financing as well as down payment assistance programs, first-time home buying programs. , doctor loans and hero loans for first responders, police, firefighters, nurses and teachers. If you need help navigating the current market, contact your local Geneva Financial representative to start the conversation and learn more about Geneva full range of products on

About Genève Financière

Founded in 2007 by Aaron Van Trojen, Geneva Financial (NMLS 42056) is a direct mortgage lender headquartered in Chandler, Arizona with over 130 branches in 45 states. Our mission at Geneva Financial is to approach every aspect of our business from the inside out. With a forward-thinking mindset, we focus on our loan originators and support staff first to ensure an unbeatable experience for our clients.

Our core values ​​were created as a daily reminder to operate with the inside-out approach in mind. Core Value # 1 is the backbone of all of our Core Values, Mission, and Brand Vision: Home Loans Powered by People®. Find out more about Geneva financial mortgage real estate loans on

Geneva Financial named one of the 5 best mortgage companies to work for (PRNewsfoto / Geneva Financial, ...
Geneva Financial named one of the 5 best mortgage companies to work for (PRNewsfoto / Geneva Financial, LLC)

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SOURCE Genève Financière

The above press release has been provided courtesy of PRNewswire. The views, opinions and statements contained in the press release are not endorsed by Gray Media Group and do not necessarily state or reflect those of Gray Media Group, Inc.

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The mayor of Blasio gets even more debt with new mortgage loans Sat, 16 Oct 2021 17:12:00 +0000

Blasio’s indebted mayor dug a deeper $ 2.5 million hole by taking out another mortgage on his Park Slope home.

De Blasio and his wife, Chirlane McCray, secured a loan of $ 615,342 in June for their 11th Street residence, according to public records.

They had already borrowed $ 625,000 against the $ 1.56 million house, although it is not known how much they still owe.

The couple began a massive renovation project on the century-old home this fall, ahead of their planned return to the property once de Blasio steps down in January.

Plans filed with the city show substantial additions to the second and third floors of the townhouse. The work must also include new windows and siding as well as a paint job.

The couple also signed a $ 543,425 mortgage consolidation deal in May for a second home, worth $ 1.65 million, which they own on the same street, getting $ 18,938 in cash, according to the files.

Hizzoner also owes lobbyist / law firm Kramer Levin about $ 435,000 in legal fees, with interest, related to an investigation into his fundraising activities, according to a report in The City.

Blasio’s indebted mayor dug a deeper $ 2.5 million hole by taking out another mortgage on his Park Slope home.
Gregory P. Mango for NY Post

The mayor never set up a legal defense fund intended to foot the bill.

And he failed to reimburse taxpayers nearly $ 320,000 to cover expenses related to the misuse of his security details to campaign for the presidency, the city’s investigation department found in a scathing report.

“The mayor of Blasio has not reimbursed the city for these expenses, either personally or through his campaign,” the report said.

In total, these known debts total more than $ 2.5 million. Its campaign and political action committees are also in the hole, with debts reported in excess of $ 185,000.

De Blasio blamed his inability to foot Kramer Levin’s bill on the pandemic on Thursday.

“Everything has been suspended. Obviously, I intend to settle this debt and to muster the resources over time. It will take time, but I absolutely intend to fix it. This is what I have done in the past, ”he said in his daily briefing.

De Blasio is paid $ 258,750 as mayor. He also received rental income from Brooklyn homes, earning between $ 5,000 and $ 49,999 from each of the three tenants in 2020, according to his latest financial disclosures.

De Blasio blamed his inability to foot Kramer Levin's bill on the pandemic on Thursday.
De Blasio blamed his inability to foot Kramer Levin’s bill on the pandemic on Thursday.
Helayne Seidman for NY Post

He hinted that he might run for governor, a job that pays less than mayor. The state’s first-place salary was set to rise to $ 250,000 in 2021, although former Gov. Andrew Cuomo postponed the hike and kept his salary at $ 225,000.

A city hall official said HIzzoner’s latest loan would be used to fund the home improvement project.

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Demand for bank loans is not strong except for home loans Fri, 15 Oct 2021 20:22:43 +0000

The country’s major banks reported their profits this week, and overall their profits have risen – a lot. This is in part because they are setting aside less money to cover bad debts than they were earlier in the pandemic.

That doesn’t necessarily mean they’re loaning out more money, however.

There hasn’t been a lot of demand for bank loans this year. Companies have been hesitant to expand, said Nate Tobik of CompleteBankData. Many of them got help from the government.

“And they were able to grow with that money, the government grants, instead of needing credit from a bank,” Tobik said.

Then there are people like you and me – who got relief checks, student loan deferrals, and extra unemployment benefits. People used that money to pay their credit card bills, according to bank analyst Gerard Cassidy of RBC Capital Markets.

“Because these are expensive sales,” he said. “The average yield tends to be around 12% to 14%, with some interest rates going as high as 25%.”

This week, bank executives said borrowing could resume. People are spending more and many government assistance programs have ended.

In the meantime, companies are struggling to stock their shelves, given lingering supply chain issues. What if these subside?

“This will stimulate demand for commercial loans as these stocks are replenished to normal levels,” Cassidy said.

Then there are home loans. “The volume is way over 2020, and we still have a quarter to go,” said Peter Alden, president and CEO of Bay State Savings Bank in Massachusetts.

Demand for residential loans has remained strong this year, Alden said. The bank is seeing increased demand for home equity lines of credit and new mortgages.

“A number of people, due to the rise in real estate values, have sold their properties. So this created opportunities for new lending relationships, ”he said.

Alden added that he would keep an eye on delinquency rates as government assistance programs end.

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China’s new yuan loans in September increased from the previous month, but fell short of expectations Wed, 13 Oct 2021 09:39:00 +0000

BEIJING – New loans issued by Chinese banks in September increased from the previous month, but were lower than consensus views and declined from the previous year, indicating that the central bank is seeking to strike a balance between maintaining its prudent monetary policy and strengthening the sluggish economy.

Chinese banks granted 1.66 trillion yuan ($ 257.41 billion) in new yuan loans last month, up from CNY 1.22 trillion in August, according to data released Wednesday by the People’s Bank of China. Economists polled by the Wall Street Journal had forecast new loans of CNY 1.90 trillion. New yuan loans issued by Chinese banks in September were down CNY 232.7 billion from the previous year.

In a separate statement, the PBOC said total social finance – a broader measure of credit that includes funding offered by non-bank institutions – fell to CNY2.90 trillion last month from CNY2.960 billion. in August.

Total social finance includes all kinds of finance, including banks, trusts, finance companies, trade credit, corporate bonds, some types of interbank loans, and informal loans by individuals, among other types of credit. .

Data for M2 – the broadest measure of money supply – exceeded economists’ expectations, rising 8.3% in September. That compares to 8.2% in August, which was also the same forecast in the WSJ poll.

Write to Singapore editors at

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October 11, 2021 – Rate hike for well-qualified borrowers – Forbes Advisor Mon, 11 Oct 2021 23:49:39 +0000 Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but this does not affect the opinions or ratings of our editors.

Personal loan rates jumped last week. However, it is still possible for highly qualified borrowers to obtain a reasonable rate of interest on a personal loan. If you want to finance a major purchase or project, now is a good time to shop around for a loan.

For borrowers with a credit score of 720 or higher who prequalified in’s personal loan market, the average interest rate on a three-year personal loan was 11.61% from 4th to 8th. October. According to, it’s 0.36. % increase over the previous week. The average rate on a five-year personal loan fell 0.63% last week to 14.23% from 14.86%.

However, the actual rate you receive depends on your creditworthiness and what is available from your preferred lender. Well-qualified borrowers may be able to find rates that are significantly below average.

Related: Best personal loans October 2021

Average interest rates for personal loans by credit score

Here are the estimated average interest rates for personal loans based on VantageScore risk levels, according to Experian. Please note that interest rates are determined and set by the lenders. The prices provided are estimates.

Compare personal loan rates

Once you actively start looking for a loan, it’s a good idea to pre-qualify. Prequalifying can provide you with a more accurate view of the rate you will receive from a particular lender, as they will prequalify you by performing a smooth credit check (which does not affect your credit score).

After your prequalification, the lender can provide you with an overview of your loan options. This snapshot usually includes loan rates, terms, and limits. To find the best loan for your situation, consider prequalifying with multiple lenders and comparing terms.

However, prequalification does not guarantee approval. Once you find an offer you like, you will still need to submit a formal request and provide additional documents to the lender. When you apply, a lender will usually perform a rigorous credit check, which will vary your credit score between one and five points.

Related: 5 personal loan conditions to know before applying

Get the best rates

Two quick ways to help you qualify for lower rates include paying off existing debt to help lower your DTI and improve your credit score. The interest rate that you receive on a personal loan is based on a number of factors. This includes your overall creditworthiness, credit score, income, and debt-to-income ratio (DTI).

Although the qualification requirements differ from lender to lender, a minimum credit score of 720 will usually give you the best deal. If your score drops below this marker and you are looking for the lowest possible rate, there are steps you can take to improve your score. Try strategies like lowering your credit usage rate, removing errors from your credit report, and paying your bills early or on time.

Calculate monthly payments for a personal loan

To see if this fits your budget, it’s important to estimate how much you’ll pay monthly and how much you’ll pay in interest over the life of the loan. One of the easiest ways to do this is to use a personal loan calculator. You will need the rate, term, and amount of your loan.

For example, let’s say you get a $ 5,000 personal loan with a five-year term at a fixed interest rate of 14.23%. You would pay about $ 117 per month and about $ 2,016 in interest over the life of the loan, according to the Forbes Advisor personal loan calculator. All in all, you would pay $ 7,016 in total, which includes both principal and interest.

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Burlington County Commissioners Approve Zero Rate HELP Loans for Two Burlington County – Trentonian Businesses Sun, 10 Oct 2021 21:14:28 +0000

MOUNT HOLLY – Two other Burlington County businesses have been approved to receive interest-free HELP loans to help them recover from the pandemic.

Burlington County Commissioners voted last month to approve two zero-interest loans of $ 50,000 for Del Val Designs, a Mount Holly printing and engraving company, and The Supreme Dessert Shop, a dessert and sandwich shop. of Willingboro.

The loans come from the County Health Emergency Loan Program, also known as AID. The program was established by the commissioners last fall in response to the health crisis and the resulting economic fallout.

So far, seven Burlington County businesses have received interest-free loans under the program, and commissioners want businesses to know there is still money available for additional loans.

“Since the onset of the pandemic, our board of directors has done everything possible to support both our county residents and our small businesses, and we continue to do so,” said Managing Commissioner Felicia Hopson. “Our HELP loans provided vital funding to local businesses that fell through the cracks and were unable to qualify for federal or state aid or because they needed additional funds during this time. hard time.”

Del Val Designs is a small family owned printing and engraving business that has been operating in downtown Mount Holly for 11 years. Their $ 50,000 loan is expected to fund repairs and alterations to the Mill Street company building to comply with COVID-19 restrictions and guidelines and support expanding business opportunities. The loan will also finance the purchase of modernized equipment.

The Supreme Dessert Shop is a new dessert and sandwich place slated to open in the East Ridge Plaza Mall in Willingboro. The opening was delayed due to the pandemic, which both slowed construction on the site but also increased costs.

The restaurant loan will be used to set up a commercial kitchen and acquire other equipment needed for the restaurant, including COVID-19 security measures.

“Del Val Designs is an established business trying to recover and adjust to the ‘new normal’ and the Supreme Dessert Shop is a new business trying to take off,” said Hopson, who is the liaison. economic development commissioners. . “Both have been negatively affected by the pandemic and are looking to our county for help. We are delighted to give them some support with these HELP loans.

Funding for the loans was guaranteed by the Economic Development Office of the Burlington County Bridge Commission, which also administers the loan program.

“Burlington County is a fantastic place to live and raise a family and also develop a business, and the Bridge Commission is proud to partner with County Commissioners to provide these interest-free loans to small businesses affected by the pandemic,” Matt Riggins said. , Chairman of the Burlington County Bridge Commission. “We saw how these loans can be a lifeline and how they have helped owners retain their employees and purchase the equipment they need to grow their businesses. By making this help available, we are sending a message to business owners in our county that they are not alone in the face of this crisis. “

There is still money left for businesses in need. Up to $ 50,000 in interest-free financing is available for business-related purchases, payroll, and other expenses.

For more information or to apply, visit

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Changes to the student loan exemption: what you need to know Sat, 09 Oct 2021 15:18:13 +0000

A student debt cancellation program with notoriously complex eligibility rules is being revamped by the Biden administration, with the goal of extending debt relief to thousands of public servants.

The Education Department said on Wednesday it will lift some rules for the remission of civil service loans as it works on permanent improvements through a rulemaking process. The action will immediately make 22,000 workers eligible for an estimated $ 1.7 billion loan cancellation, and it will bring more than 500,000 people closer to debt relief.

Here are some questions and answers about the program and its redesign:


Public Service Loan Forgiveness, known as PSLF, is a program created by Congress in 2007 to encourage more college graduates to pursue careers in the public service. He promised that if employees in governments or nonprofit groups made 10 years of monthly payments on their federal student loans, the rest would be waived.

It is open to a variety of workers at all levels of government or any non-profit organization, from teachers and postal workers to police officers and members of the military.

But there are additional eligibility rules that were not always obvious to borrowers.


Under the original rules, borrowers with certain types of loans were ineligible, including those in a now defunct program that provided federally guaranteed student loans through banks. These loans, known as Federal Family Education Loans, were the most common type when the program was created, and more than 10 million Americans still pay them back.

Some reimbursement plans offered by the federal government were also ineligible, and any payments made while billing was suspended by forbearance or deferral were not counted towards the 120 monthly payments required. Payments that are late or not paid in full have not been recognized.

If the borrowers met all the conditions and made 120 payments certified by an eligible employer, then they could apply for the cancellation of the remainder of their debt.


When borrowers started submitting applications in 2017, it became evident that there was widespread confusion. The vast majority of applications were turned down, often because the applicants did not have the right type of loan or repayment plan.

Some borrowers said the rules were never clarified, while others said they were misled by loan officers who work on behalf of the federal government.

Despite past attempts to fix the program, the problems persisted. To date, only 5,500 borrowers have had loans cleared through the program, totaling $ 453 million in relief.


For a limited time, the Education Ministry said payments that were previously ineligible can now count towards the required 120. Borrowers can get credit for these payments if they request a loan forgiveness before October 31, 2022, and while they were working. in eligible jobs at the time the payments were made.

But there are two big caveats.

Borrowers receiving FFEL loans – those issued by banks – must consolidate their student debt into new loans under the existing federal lending system. This can be done until October 2022. And although all loans taken out directly by students can now be counted, those taken out by parents through the Parent PLUS program remain ineligible.

Along with expanding payment eligibility, the Department of Education is making other changes to address past issues.

Starting next year, federal workers and the military will no longer need to have their jobs certified to prove they worked in the public service while making their payments. Instead, the department will automatically keep track of their payments using existing federal data.

The ministry will also create a process to review requests for errors and to allow borrowers to appeal decisions.


To get around program rules, the Education Ministry invokes the HEROES Act of 2003, a federal law that allows the agency to override certain rules in the event of a national emergency. The department ties its action to the pandemic, which has been declared a national emergency, but the department said it would lose that flexibility after October 2022.

Democrats applauded the move, while Republicans said the Biden administration was overstepping its authority. Republicans agree the program needs to be improved, but say it should be done by Congress, not the executive branch.

Groups representing student borrowers say the changes are long overdue. Seth Frotman, executive director of the Student Borrower Protection Center, said the update was good news for millions of workers.

“For too long, those who give the most to our communities and our country have been sidelined and forced to take on debts that should have been canceled,” he said in a statement. “The Biden administration is taking a critical step in easing this burden on our public service workers.”


The Biden administration is committed to making permanent improvements to the PSLF through a federal rule-making process. Hearings for this process began this week, with the potential to make big changes to student aid programs.

The education ministry said it was exploring a variety of changes, including possible partnerships with employers, to make it easier for officials to apply for a loan forgiveness.

However, changes are unlikely to happen quickly – the rule-making process can be slow and it can take years to put changes into effect.

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“It doesn’t seem fair. She has $ 131,000 in student loans and cannot afford to live on, even though she earns $ 110,000 a year. How She – and Other Borrowers – Can Get Rid of Student Debt Faster Fri, 08 Oct 2021 10:43:00 +0000

MarketWatch has promoted these products and services because we believe readers will find them useful. We may earn a commission if you purchase products through our links, but our recommendations are independent of any compensation we may receive.

Student loan debt hit a record $ 1.73 trillion in the second quarter of 2021, according to the Federal Reserve. So when we got the following letter from a borrower in heavy debt for their student loans, we wanted financial professionals to help us because the debt repayment strategies for them are similar to those millions of Borrowers who are tackling their loans may also want to consider. Here’s her question and what financial professionals think you and she should do to reduce student debt.

Question: I am now 39 years old and in a better position in my life than I was about 10 years ago when I decided to take out over $ 100,000 in student loans to pursue a master’s program in food policy and in nutrition. The program was the only master’s program I attended, and I didn’t care about the cost – I didn’t even look at what I was signing up for.

Now, in total, between my undergraduate and graduate loans, I owe $ 131,000. Some of the loans are federal and some are private; one of these companies charges an interest rate of 6%. While most of my loans are on hiatus now (thanks to the federal government), I’m worried about what will happen when it ends. The loan repayments are too expensive, although I am now a nutrition and public health consultant working on a contract basis and earning a good salary – $ 110,000 per year.

But our mortgage costs $ 1,100 a month; daycare is roughly the same, and car payments are $ 400. Otherwise, I feel like we live very frugally: we even bathe our son in a Tupperware tub because our bathroom needs updating, but we don’t have the money for it! We can’t even afford, as we do, to contribute to retirement or pay for some much-needed dental care. Honestly, I don’t know what we’re going to do when my loans are released. How can I get out of debt faster? -Erine

Reply: First of all, you’re not the only one who feels overwhelmed by student debt, and you do certain things right, like “limit the mortgage and the car loan”, both of which are “well within your range. for your income level, ”says Mitchell C. Hockenbury, a certified financial planner at 1440 Financial Partners in Kansas City. But, Hockenbury says, with your low mortgage and other seemingly reasonable expenses, you should see if there’s more money to be spent on paying down the debt. Even if there isn’t, once the daycare is over, you will have that money to pay off your debts more aggressively.

The next question is whether to refinance the loans to save money. But first, consider that right now your federal loan payments are on hold, and you need to be careful about refinancing a federal loan to a private loan as you will lose some of the federal loan protections (you can get details on the amount of refinancing could save you here). That said, Ethan Miller, founder of Washington, DC-based financial planning firm Planning for Progress, said Erin would likely have to refinance some of his loans with a private company because some fixed student loan refinance rates now start at around 2.5%. “If you are confident in your income and know that you will have a job for many years to come, this is the best option,” says Miller, who adds that Erin would probably have to wait until the student loan hiatus is over. refinance its federal loans. , if she decides that it is the right decision for these loans.

There are other options as well, says Hockenbury: “Is it possible to take a refi withdrawal? Interest rates are low, house prices have skyrocketed. Maybe she could use the money to pay off debts, ”he says. Even though, of course, she has to be sure that she can repay that or she risks losing her house.

Bottom line: Erin apparently has no good way of not repaying her loans (on the one hand, it does not appear that Erin qualifies for a loan forgiveness program like the Public Student Loan Forgiveness Program, because she’s a contractor in a government agency, not a full-time employee, Miller explains). But if she looks at her budget, she can find extra money to pay off her debt faster; refinancing at least some of its loans at today’s low rates could make payments more manageable, and a withdrawal refi may be another option. Good luck, Erin!

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US Department of Education Announces Changes to Public Service Loan Forgiveness Program – CBS Pittsburgh Thu, 07 Oct 2021 07:36:00 +0000