A Thousand Opportunities

1) EQUITIES
Some 5.8M shares valued at KSh.226M were traded today, against 5.8M shares that were valued at KSh.237M posted the previous session.

The NSE 20 share index shed 2.92 points to stand at 5144.93.

MAIN INVESTMENT MARKET SEGMENT (MIMS)

Agricultural Sector
A total of 225,000 shares, which represented 3.88% of the day’s activity, were traded in this sector. Sasini moved 216,000 shares at between shs.18.05 and shs.20.00. Unilever Tea dipped three shillings to close the day at shs.74.00 on a volume of 2,000 shares.

Commercial and Services Sector
A total of 1.5M shares, which represented 26.52% of the day’s activity, were traded in this sector. AccessKenya unchanged at shs.13.45 moved 666,000 shares. CMC Holdings eased twenty cents to settle at shs.15.00 on a volume of 567,000 shares.

Financial Sector
Financials had 1.8M shares traded and represented 31.99% of the day’s volume. ICDC Investments moved 434,000 shares at between shs.26.00 and shs.30.00. Equity Bank moved 276,000 shares at a stable price of shs.136.00. National Bank moved 233,000 shares and closed at a reduced price of shs.50.50.

Industrial and Allied Sector
Industrial & Allied Sector moved 2.1M shares, which accounted for 37.47% of the days traded volume. KenGen closed seventy-five cents lower to shs.25.25 on a volume of 1.1M shares. Mumias Sugar actively moved 680,000 shares at between shs.25.00 and shs.28.00.

ALTERNATIVE INVESTMENT MARKET SEGMENT (AIMS).

Express Ltd moved 7,000 shares and closed at an average price of shs.23.00.

FIXED INCOME SECURITIES MARKET SEGMENT (FISMS).

2) BONDS
The Bond Market registered reduced activity with bonds totaling KSh.147M transacted compared to KSh.651M posted the previous session.

STOCK MARKET REPORT
Wednesday 20th June 2007
EQUITIES
Turnover declined to KSh.237M on a volume of 5.8M shares, down from KSh.341M on 7.1M shares posted yesterday.

The NSE 20 share Index closed 6.33 points higher to stand at 5147.85.

MAIN INVESTMENT MARKET SEGMENT (MIMS)
Agricultural Sector

Plantations moved 384,000 shares, which accounted for 6.62% of the days traded volume. Rea-vipingo moved 8,000 shares at a fairly stable price of shs.19.50. Sasini Tea moved 376,000 shares at between shs.18.00 and shs.20.25.

Commercial and Services Sector
A total of 1.9M shares, which represented 33.41% of the day’s activity, were traded in this sector. AccessKenya actively moved 891,000 shares at between shs.13.10 and shs.13.95. Kenya Airways nudged upwards to close the day at shs.78.00 on 342,000 shares, up from shs.76.50 posted the previous session.

Financial Sector
Financials had 1.8M shares traded and represented 31.73% of the day’s volume. ICDC Investments fluctuated at between shs.26.50 and shs.30.00 on a volume of 588,000 shares. Barclays Bank up fifty cents to shs.69.50 moved 206,000 shares.

Industrial and Allied Sector
Industrial & Allied Sector moved 1.5M shares, which accounted for 26.96% of the days traded volume. KenGen moved 616,000 shares at between shs.24.00 and shs.26.75. Crown Berger touched a high of shs.50.00 before easing back to close the day at shs.48.25 on a volume of 113,000 shares.

ALTERNATIVE INVESTMENT MARKET SEGMENT (AIMS).
Down two shillings to shs.22.00, Express Ltd moved 72,000 shares.

FIXED INCOME SECURITIES MARKET SEGMENT (FISMS).

2) BONDS
The Bond market had bonds worth KSh.651M transacted.

TRADING DEPARTMENT.
Disclaimer: The Nairobi Stock Exchange believes that all the information provided above is accurate and reliable but gives no warranty of accuracy or reliability of such information to you or to any third party. The Nairobi Stock Exchange accepts no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided in this report, whether arising from negligence or otherwise

1. What next after you have defaulted on your student loan?

2. Several students’ loans?  Why not try student debt loan consolidation?

Wikipedia information

You probably have gone to the Wikipedia website and found loads of helpful information on Student loans in the US

The article gives lots of details about

1.      Federal Loans to Students; these come in 2 forms, subsidized or unsubsidized by the federal government. They are disbursed directly to the schools.  They are guaranteed by the US department of Education directly or through guaranty agencies. Repayments are due 6 months after graduation.

2.      Stafford loans- These loans have an aggregate limit ($23,000 in subsidized and $34, 500 in unsubsidized)

More information about PLUS loans

4.      Debt levels: This varies as federal policies change. However 8% of total monthly income after graduation is used more as indicator than a rule

5.      Private student loans- These loans are not guaranteed by a government agency. They are provided by banks or finance companies. Some of them offer longer grace periods some as high as 12 months, loan consolidation options.

6.      Private student loans types include

1.      School-channel loans; certified by schools

2.      Direct-to-consumer private loans are not certified by the school but to the individuals

7.      Private loan consolidation: the article is very detailed on the what to look gives details on

Links to assist you further

• International Students Loan information
•  students loan options available
• American Education Services Student Loan Management Options

·         Loan information for International Students

Popular Online Student Loan Tools 

After the passage of the bankruptcy reform bill of 2005, student loans are not wiped clean during bankruptcy. This provided a risk free loan for the lender, but interest rates remained high, averaging 7% a year.

In 2007, the Attorney General of New York State, Andrew Cuomo, led investigation into lending practices and anti-competitive relationships between student lenders and universities. Specifically, many universities steered student borrowers to "preferred lenders" which resulted in those borrowers incurring higher interest rates. Some of these "preferred lenders" allegedly rewarded university financial aid staff with "kick backs." This has led to changes in lending policy at many major American universities. Many universities have also rebated millions of dollars in fees back to affected borrowers.