Educational Resources Impact Fund at Maycomb Capital closes flexible, mission-aligned loans to increase access to high-quality instructional materials

The Fund’s investors are the Bill & Melinda Gates Foundation, William and Flora Hewlett Foundation, Charles and Lynn Schusterman Family Philanthropies, W.K. Kellogg Foundation and Walton Family Foundation

BALTIMORE, Dec. 7, 2022 /PRNewswire/ — This week at the Mission Investors Exchange National Conference, Maycomb Capital announced the first loans out of a new, flexible, mission-aligned debt vehicle called the Educational Resources Impact Fund (ERIF). ERIF is one of Maycomb Capital’s Custom Strategies and supports nonprofit developers and providers of high-quality instructional materials and aligned supports, particularly those offered as open educational resources. The first two loans were made to

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5 things to know for December 1: Ukraine, Student loans, Trump, Immigration, Uvalde



CNN
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Traders on Wall Street and many investors are in a good mood. Stocks soared Wednesday after Federal Reserve Chairman Jerome Powell said rate hikes could ease this month. With this recent rise, the Dow is more than 20% above its 52-week low, which puts it in a new bull market.

Here’s what else you need to know to Get Up to Speed and On with Your Day.

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The US is considering a dramatic expansion in the training it provides

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What to know about the latest payment pause extension on student loans

President Joe Biden and Secretary of Education Miguel Cardona.

The Washington Post | The Washington Post | Getty Images

It’s been almost three years since people with federal student loans have had to make a payment on their debt, and the Biden administration recently announced that borrowers have even more time.

In March 2020, when the coronavirus pandemic first hit the U.S. and crippled the economy, the U.S. Department of Education suspended federal student loan payments and the accrual of any interest, providing borrowers extra breathing room during an especially hard financial period.

Resuming the bills for more than 40

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Four student debtors tell why they refuse to pay back loans

Stick a fiscal fork in ’em: These student loan debtors are done.

As they contend with a second legal setback to President Biden’s estimated $430 billion student debt cancellation plan, some exasperated borrowers told The Post they won’t ever pay another penny toward their massive tabs — regardless of how it might impact their future finances.

Rather than having up to $20,000 forgiven as Biden vowed in August, the fed-up debtors remain among the more than 45 million borrowers who owe a total of $1.6 trillion in federal student loans. The average undergraduate borrower leaves college with nearly $25,000 in

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Judge blocking Biden’s student loans relief made a glaring error

At the end of this summer, President Joe Biden made good on a campaign pledge by announcing a plan that would erase approximately $430 billion of the $1.6 trillion in student debt held in this country. But last week, a Trump-appointed federal judge concluded that Biden’s student loan relief program is an illegitimate use of presidential authority, a ruling that brings into clearer focus a battle between a frustrated president, a recalcitrant Congress and the federal judiciary. 

As many as 26 million people have already applied for student loan forgiveness under the program that now stands in legal limbo, because

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Biden administration could extend payment pause on student loans again

Bloodua | Istock | Getty Images

With the legal blows to President Joe Biden’s student loan forgiveness plan mounting, it’s possible that the administration could extend the payment pause on the monthly bills yet again, experts say.

“I’m sure they have to be considering it as an option,” said Scott Buchanan, executive director of the Student Loan Servicing Alliance, a trade group for federal student loan servicers.

If the president’s policy remains blocked in the courts by the end of the year, higher education expert Mark Kantrowitz said, “the Biden Administration is likely to further extend the payment pause.”

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Huge Jump In Negative Leverage For CMBS Loans Bodes Ill For Property Values

This year’s rapid interest rate hikes, combined with cap rate movements, put the squeeze on commercial real estate, with about $5.5B, or 28% of new CMBS issuance, suffering from negative leverage during the third quarter of 2022, according to a report by Moody’s Analytics.

For those deals, the cost of debt exceeds projected returns on investment.

The amount of CMBS exhibiting negative leverage was only 8% in the second quarter of this year, Moody’s noted. During Q3 2021, the total was a mere 2%.

The third-quarter jump was seen across asset classes, but industrial and multifamily have the largest share

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