#loans

Truist Financial Corporation is selling its near-prime auto loan portfolio for over $5 billion. This strategic move has resulted in the closure of its auto loan subsidiary's office in Arlington, Texas. More than 200 full-time employees at this location will be laid off as a consequence. The company is providing support to affected employees, including severance and job search assistance. This decision aligns with the new CEO's strategy to streamline operations and focus on core strengths.

Arlington, Texas

https://www.dallasnews.com/business/jobs/article/truist-auto-loan-exit-triggers-205-arlington-22434850.php

About $18 billion in loans tied to an Oracle-leased data center in New Mexico ​has come under pressure, with loans quoted at 89 ‌to 91 cents on the dollar by syndicate banks including Santander and Jefferies.

https://www.reuters.com/business/finance/oracles-18-billion-data-center-debt-under-pressure-ft-reports-2026-09-18/

New federal borrowing caps are creating significant funding gaps for students pursuing higher education. An expert warns that soaring tuition costs combined with these new loan limits will force many students to seek private loans. This situation is particularly challenging for graduate students who previously relied on the Federal Direct Grad Plus Program. Experts advise students to carefully compare lenders and repayment plans to avoid financial pitfalls. The article suggests that the core issue is tuition costs, not student debt itself.

Eatontown, New Jersey

https://nj1015.com/student-loans-repayment-tips/

"Outstanding long-term debt in the amount of $35.4 million matures in November 2025."

https://projects.propublica.org/nonprofits/display_audit/2024-12-GSAFAC-0000353687