loans

Launching a new business has never been easy, but it's even tougher for startups in the post-recession economy. Credit remains tight, and banks in Northeast Ohio rarely risk loans to unproven entrepreneurs.

In this week's Exploradio, WKSU's Lucas Misera looks at how small-business owners are getting creative in startup financing.

Show Me the Money

"I thought this just happened to me."

That's the refrain from dozens of teachers who reached out to NPR — via email and social media — in response to our investigative story about serious problems with a federal grant program that, they say, have left them unfairly saddled with thousands of dollars of debts they shouldn't have to pay.

The Consumer Financial Protection Bureau is levying a $1 billion fine against Wells Fargo — a record for the agency — as punishment for the banking giant's actions in its mortgage and auto loan businesses.

Wells Fargo's "conduct caused and was likely to cause substantial injury to consumers," the agency said in its filings about the bank.

America needs teachers committed to working with children who have the fewest advantages in life. So for a decade the federal government has offered grants — worth up to $4,000 a year — to standout college students who agree to teach subjects like math or science at lower-income schools.

Pixabay

As state lawmakers and citizen activists continue to search for the best ways to regulate the payday loan industry, one local Catholic organization is not waiting.

Nationwide Arena
WOSU file photo

For the third year, Nationwide Arena will not be able to pay back any of its loans from a complex deal to use casino-tax money to finance the arena.  

College Affordability

Nov 9, 2015
THISISBOSSI / Flickr

The Obama Administration recently kicked off a new campaign aimed at making college more affordable for students. Since the 1970s, the cost of college has more than tripled and the average college student is facing nearly $30,000 in debt. The U.S. Department of Education's College Scorecard will ultimately help students and parents find out which schools offer a quality education for less money.

Financial Advice with Jonathan Pond

Oct 23, 2015
Flickr

According to the Institute of College Access and Success, the average student now graduates with $30,000 in loans. The personal savings rate has been on the decline for the past 30 years, and nearly one-third of Americans will delay retirement savings to help their college-age children. By 2030, many Americans over the age of 65 will have outlived their savings accounts. 

Financial Advice with Jonathan Pond

Oct 22, 2015
Flickr

According to the Institute of College Access and Success, the average student now graduates with $30,000 in loans. The personal savings rate has been on the decline for the past 30 years, and nearly one-third of Americans will delay retirement savings to help their college-age children. By 2030, many Americans over the age of 65 will have outlived their savings accounts. 

Financial Advice with Jonathan Pond

Oct 15, 2015

According to the Institute of College Access and Success, the average student now graduates with $30,000 in loans. The personal savings rate has been on the decline for the past 30 years, and nearly one-third of Americans will delay retirement savings to help their college-age children. By 2030, many Americans over the age of 65 will have outlived their savings accounts. 

Financial Advice with Jonathan Pond

Oct 15, 2015
Flickr

According to the Institute of College Access and Success, the average student now graduates with $30,000 in loans. The personal savings rate has been on the decline for the past 30 years, and nearly one-third of Americans will delay retirement savings to help their college-age children. By 2030, many Americans over the age of 65 will have outlived their savings accounts. 

College Affordability

Sep 24, 2015
Thisisbossi / Flickr

The Obama Administration recently kicked off a new campaign aimed at making college more affordable for students. Since the 1970s, the cost of college has more than tripled and the average college student is facing nearly $30,000 in debt. The U.S. Department of Education's College Scorecard will ultimately help students and parents find out which schools offer a quality education for less money.