Topic
loan-defaults
2 stories related to this topic, newest first.
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investopedia.comworld17 days agoDeveloping
KKR Commits $300 Million to Support FS KKR Capital Fund
KKR & Co. is investing $300 million of its own capital into FS KKR Capital, a business development company it co-manages with Future Standard. The move comes as the fund faces rising loan defaults that contributed to a $560 million loss in the first quarter. The investment includ…
finance47 days ago
US Department of Education to Transfer Millions of Defaulted Student Loan Accounts to Treasury Department
The US Department of Education announced in March plans to transfer millions of federal student loan accounts to the Treasury Department, beginning with defaulted borrowers. This move follows a 2015 pilot program under the Obama administration that showed lower recovery rates for…