Archive for the ‘ Affordable education ’ Category

Hello and good morning to all our readers. Welcome to another edition of the Prosper Roundup. We have lots in store for you today, including a large section for our small business entrepreneurs and for those looking to create their own start-up during this economic situation. Drop us a line when you’re through to tell us what worked for you!

Peer-to-Peer Lending:
• Business Network blogs tips peer to peer lending to have a bigger impact on financial services than file sharing has had on the music industry.

Stock Market and Banking Industry:
• What a tumultuous year – Market Watch says don’t panic and batten down the hatches.
• Wall Street Journal writes Wachovia talks snag over assets.
• Forbes focuses on some of the fastest-growing industries.
• Would split of Wachovia really work, asks the American Banker? (subscription)

Auto, Home, College:
• Tire Track blogs how to finance a car.
• CNN Money proclaims pending home sales rise.
• Students face steep lending curve announces Smart Money.

Small Business:
• Economy stalling your small business? Shift gears with these 4 tips from NYT.
• Kiplinger presents the Small Business Survival Guide.
• Business Week writes Starting a Business in a Downturn.
• Start your own ‘hot’ business says Hattiesburg American.
• Calgary Sun declares business success bolstered by planning.
• Check out the good and bad of unsecured business loans by Global Finance.
• There are three things you must have to have a chance at building a successful business says California Construction Loans.
• Los Angeles Times presents looking for loans in new places.

Prosper Gets Mentioned:
• CNN Money Special Report: America’s Money Crisis - Cash crunch: small businesses get creative
• Prosper.com in New York Times Small Biz Special Section - Likes Taking Risks, Profitable Returns
• New Age Borrowing: Peer to Peer Loans
• Prosper on US News & World Report Blog - Credit Crunch? Your Move, Peer Lending

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RateLadder is a Prosper lender and has been since July, 2006. He has a passion for p2p lending. He owns RateLadder — My Prosper.com Journey and other P2P Lending Adventures, P2P No Bank the P2P Blog Aggregate, and ProProsper — Professional Tools for Prosper Lenders featuring SQL access to Prosper data.

Welcome to this latest edition of Prosper’s Weekly Roundup. The title for this week’s roundup comes from a Forbes headline. There’s a lot going on in the news! Be sure to check out the Stocks and Banking Industry section for more information.

Peer-to-Peer Lending:
• TNL.net presents fast pace look into the History of Currency. P2P Lending is thought to be the ‘uncurrency’ for the lack of a better word.
• Sredel.com muses on P2P Lending - Counter to the Sub-Prime Loan Crisis?
• Peer to Peer Lending and P2P Loans writes Peer to Peer Campaign Finance.

Home and Auto:
• Real Estate Lens discusses VA Loans in VA Home Improvement Loan.
• Business Week Debates the Mortgage Bailout.
• Market Watch presents Best used-car bang for your buck!

Stocks and the Banking Industry:
• Wealth Weekly writes Financial Markets- Just What Went Down Last Week.
• Forbes on Bottom-Feeding Billionaires.
• Seeking Alpha discusses EarthLink options in Making the Best of a Difficult Situation.
• Fix My Personal Finances blogs Chicken Little and the Money Market.
• Yahoo Finance on Largest U.S. bank failure ever.
• Smart Money writes about the bailout in One Baby Step at a Time.
• New York Times with Bailout Talks to Resume After Impasse.

Student Loans:
• Freedom Rocks talks about Federal Student Loans.
• FiLife says Have a Student Loan Question? We Have Answers!
• There are Many Different Kinds Of Student Loans! School Work ugh! goes into a few of them.
• Student Loan Online presents Student Loans Terminology.

Business:
• Blogging Stocks interviews Thomas O’Keefe owner of Bizak in so what are startups worth now?

Taxes and Politics:
• The Wall Street Journal gives a break down on how our taxes will fare under Obama, McCain.
• The Tax Lady Blog provides the Latest from the Candidates on 10 Important Economic Issues.

Prosper Gets Mentioned:
• Regina Lewis talks about P2P lending in Got Cash?
• Banktastics posts a video with a brief write up of market and p2p lending at The Burst - Discrimination & Wall Street (Ep. 34).
• Komo News in Two Quick Ways to Get Hard Cash.
• Small Biz Bee writes So You Need Some Money?

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RateLadder is a Prosper lender and has been since July, 2006. He has a passion for p2p lending. He owns RateLadder — My Prosper.com Journey and other P2P Lending Adventures, P2P No Bank the P2P Blog Aggregate, and ProProsper — Professional Tools for Prosper Lenders featuring SQL access to Prosper data.

Prosper roundup gets switched around! Easy to read categories are going to be our new way of organizing the roundup.

Categories may change from week to week, but overall the feel of the roundup will be the same.

Business Loans:
• SFGate posts an article this last Sunday on how right now it’s a hard time to get new credit. Article discusses housing loans in depth and briefly touches business and personal.
• Commercial Loans Source lists types of commercial loans and provides a succinct overview for beginners.

Mortgage Loans:
• Business Week says subprime mortgages–good luck getting one!
• The Consumerist blogs 12 confessions of a home mortgage collector is an article containing insider knowledge of the system and could help you out.

Student Loans:
• TheState.com writes this article, student loan availability squeezed, which explains how the nationwide credit crunch is affecting higher education.
• Continuing this point of view is Guampdn.com in student loan options shrinking and offers some excellent advice for those worried about paying this semester’s tuition.
• Check out 25 tips, ideas, resources for paying back student loans at Broke College Grad is a consolidated collection of blog articles for paying student loans in a variety of ways.

Small Business Entrepreneur:
• Tips for small business startup by Wealth, Success, and Women is a nice little starter post. What tips would you add?
• These 7 lies that prevent Your Great Idea from becoming a Real Business by Internet Redux might sound like commonsense, but in reality more people than you know believe in them and never try.

P2P Lending:
• Money Crashers writes a scathing review in Richard Branson Makes It Easier To Borrow Money From Your Family. What are your thoughts on loaning money to friends and family?

Prosper Gets Mentioned:
• The Wall Street Journal Small Business Site lists Prosper in Four Sources of Alternative Funds
• At the Active Rain real estate blog Prosper Marketplace is written as an example of alternative funding a down payment for a mortgage extension.
• At Site Point in 5 ways to fund your web startup for online business funding.
• NBC Action News aired a segment on Peer-to-Peer Lending
• KGBT4 features Prosper in their Show Me the Money Segment: Personal Loans
• Barron’s article feature Web Lenders See Opportunity in Bank’s Woes
• More Prime Borrowers at Prosper Site in American banker (subscription required)

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RateLadder is a Prosper lender and has been since July, 2006. He has a passion for p2p lending. He owns RateLadder — My Prosper.com Journey and other P2P Lending Adventures, P2P No Bank the P2P Blog Aggregate, and ProProsper — Professional Tools for Prosper Lenders featuring SQL access to Prosper data.

“Education is the most powerful weapon which you can use to change the world” - Nelson Mandela 

For the last 12 years, average college costs have risen faster than inflation, yet federal grant aid has not kept pace. We have all heard the stats: According to the Bureau of Labor Statistics, the tuition component of the Consumer Price Index (CPI) increased by 8% per year, on average, from 1979 to 2001.  For many, a college education is becoming less and less accessible.

There is no question that education is an investment in our future and the stakes just keep getting higher. The earnings gap between those with higher education and those without it is widening.  Today, men and women aged 25-34 with bachelor’s degrees earn 60% - 70% more than those with high school diplomas. In 1985, that gap was 37% - 47%.   Parents should expect to pay at least half to two-thirds of their children’s college costs through a combination of savings, current income, and loans. Gift aid from the government, the colleges and universities, and private scholarships accounts for only about a third of total college costs according to www.finaid.org

And just this month we read that some of the country’s biggest banks including Citi, JPMorganchase, PNC and SunTrust have stopped lending to students attending community colleges - arguably the students who most need to be given funding to enter the competitive arena better educated.  

I went to one of the best schools in the world-The London School of Economics & Political Science. It cost me nothing.  I was raised in England, a country that believes giving everyone access to a higher education is better for everyone.  Kids don’t have to work several jobs to get through school, nor do they come out of college with enormous debt.  Since the Thatcher administration things have changed somewhat, but kids still go to college for far less than a state university education in the U.S.

Education is the passport to choice, freedom and opportunity-not to mention expanded social experience, relationship building, personal development, and character development.  I’ve never thought these opportunities should be unavailable to those who simply don’t have enough money. That’s why I’m especially fond of coming across Prosper stories like the one (Prosper Listing 347314: Paying For My Senior Year Of College), recently shared with us her story.

I am pleased to have been a part of helping Prosper members with funding of over $800,000 in loans for student needs since January 2008.  But parents should still always think about other savings vehicles like a 529’s, Coverdell ESA’s, and loyalty programs like Upromise, a brand loyalty network that rewards customers with college funding. There are also good resources such as

• SavingForCollege.com
• Finaid.org
• StudentAid.ed.gov

Leave no stone unturned, tap them all.

To post your listing for a personal loan for students on Prosper, click on Prosper Loans

To bid on a Prosper personal loan for students, click on Lending at Prosper

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Catherine Muriel is the Chief Marketing Officer of Prosper.