Minnesota Ranked 5th In Nation For Student Loan DebtMinnesota has made another list, but it is not a good one to be on if you are heading to college. A new study from the Institute for College Access and Success says Minnesota ranks fifth on the list of the states with the highest student debt.
MN Supreme Court Upholds Payday Lending LawThe Minnesota Supreme Court has upheld the constitutionality of the state's payday lending law involving out-of-state, online lenders. The state sued Integrity Advance in 2011, saying the company violated the state lending law when making nearly 1,300 loans to borrowers in Minnesota at annual interest rates of up to 1,369 percent.
Minnesota Moves To Help Farmers Whose Flocks Hit By Bird FluGov. Mark Dayton says he's behind a move to offer loans to Minnesota poultry farmers hit hard by bird flu. A bill at the Legislature would open $10 million up to farmers with birds who caught the highly pathogenic virus. Every farmer could get up to $200,000 to replace flocks, make building improvements or otherwise cover their losses.
Good Question: Can You Borrow Too Much Money For Your Education?A new report out by the Project for Student Debt finds 70 percent of Minnesota college students graduate with some sort of student debt. On average, they owe $30,894, which puts Minnesota as the 5th highest in the country for student debt.
Court To Clarify Process For Rescinding MortgagesThe Supreme Court will decide what a home buyer must do to rescind a mortgage that violates the federal Truth in Lending Act. The justices on Monday agreed to hear an appeal from a Minnesota couple who refinanced their home in 2007 with Countrywide Home Loans, Inc.
Advice For Successfully Getting A Small Business LoanEven during challenging times, a small business with a sound strategy can obtain a loan.
Advice For Successfully Getting A Small Business LoanEven during challenging times, a small business with a sound strategy can obtain a loan.
Good Question: Why Are Mortgages Sold?After mortgage banker Alex Stenback of<a href=""> Alerus Mortgage</a> helps people buy a new home, he sells off the mortgage. “We sell everything that we do here,” Stenback said. “When we sell them, it’s one by one.” About 80 percent of home loans are eligible to be sold. Stenback says it can happen for a couple of reasons. “One is there is $10 trillion in outstanding mortgages right now in the country and there's simply not enough deposits in all the banks to make that many mortgages," he said.
Reality Check: Cost of The New Vikings Stadium Minnesota is preparing to sell nearly $500 million in bonds to cover the state's share of the Vikings stadium facility. It's looking for financial institutions to buy the bonds for the stadium construction, which is scheduled to start in November. The $498 million in loans will cover the State’s and the Minneapolis’ share of stadium construction. The Vikings are putting up the rest of the $477 million for the project, which will total $975 million.
Secretary Of Education Arne DuncanSecretary of Education Arne Duncan visited the Twin Cities. He joined Chad to discuss the reason for his visit.
Student Loan Rate Set To Double MondayLike many Americans, lawmakers will have this week off for the 4th of July, but that break has Minnesota college students and their parents wondering what's next for their student loan rates.
Court Orders Multi-Million Judgment Against Internet LenderFor struggling families living paycheck to paycheck, internet deals offering a short-term payday loan can appear appealing. But for many customers, what was intended to help them out when they are short of cash, can quickly grow into long-term headaches.
Thursday Night Football

Listen Live