VSAC Issues Revenue Bonds

first_imgThe Vermont Student Assistance Corp. (VSAC) recently issued$112.5 million in revenue bonds to meet the demand for new educationloans.Most of the bond proceeds will be used to finance conventionalfederal education loans, primarily Stafford loans for students and PLUSloans for parents. A smaller share will be used to cover what are known asalternative or supplemental loans. Increasingly, education expenses exceedwhat students are able to cover using government grants and loans, forcingstudents to turn to more costly alternative financing. “We remainconcerned about the amounts families are having to borrow to pay forcollege, whether through the federal loan program or other sources,” saidVSAC President Don Vickers said. “As a result, we will continue toadvocate at both the federal and state levels for more grants andscholarships, which, unlike loans, do not have to be repaid.”Despite significant education debt levels in Vermont, VSAC borrowers continue tomaintain a good track record in repaying their loans. The most recentdefault rate for VSAC borrowers is 3.1 percent, one of the lowest rates inthe nation.last_img read more

Co-CEOs: Only odd from the outside

first_imgWorking together supports unusual but successful arrangement.by: Karen BankstonWhen Bill Kiss or Jeff Shewfelt introduces himself at community and industry events as co-CEO of G & F Financial Group, “it’s always a conversation starter,” says Shewfelt. This unique arrangement took a little getting used to inside the $1.25 billion Burnaby, British Columbia, credit union, as well, but seems to be working just fine now. In the almost four years since they were named co-leaders in July 2011, the credit union has achieved solid growth and enviable employee engagement metrics.Kiss joined the organization as chief financial officer in 1996, and Shewfelt started in the branch network in 1991, working his way through branch management, loan processing, marketing, and HR; he was VP/sales and service when the CEO post opened. “We had a history of 15 years of working well together, and we both had extensive, but mutually exclusive, networks in the industry,” Kiss notes.So when the board launched a national search for a new chief executive, Kiss and Shewfelt threw their hats in the ring collectively. “We told the board we certainly understood the need to go outside the organization if they wanted to go in a different direction culturally and strategically. But if they wanted to move forward with our current strategy, we could do that without slowing things down,” Shewfelt says. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Gold Coast house sets record in Hinterland estate with million-dollar sale

first_img The property set a record for its estate.Marketing agent Katrina Walsh, of Harcourts Coastal, said it was the only property to sell in the Hidden Woods Estate since the original owners snapped them up.“It’s set a record, it’s the only resale in the estate,” she said.“It had a lot of interest.”She said the buyers planned to live in the four-bedroom, three-bathroom residence, which was on the edge of a nature reserve and had panoramic valley and Hinterland views.The 4062sq m property includes a single-storey house, saltwater pool, deck, covered parking for seven cars and a work shed.A media room, billiards room with wet bar, parent’s retreat and sauna are among its standout features. It fetched more than $1 million more than what the owners paid for the block in 2010.Property records show the seven-figure deal marked one of the highest sale prices in Advancetown.A five-bedroom property on Narrowleaf Rd holds the suburb record after changing hands for $1.6 million in 2016.More from news02:37International architect Desmond Brooks selling luxury beach villa9 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:27Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:27 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhy Spring 2019 is a good time to sell01:27 A luxury house at 64 Hidden Woods Drive, Advancetown, has sold in a $1.43 million deal.THE million-dollar sale of a sprawling Advancetown home has set the bar for its Hinterland estate.A local buyer splashed $1.43 million on the property at 64 Hidden Woods Drive – more than $1 million more than the sellers paid for the block in 2010, according to property records. MORE NEWS: What it takes to own a waterfallMORE NEWS: Wackiest bathtubs on the market The Hidden Woods Drive sale comes weeks after another acreage estate at Gilston sold for $2.85 million. Self-titled agency head Michael Kollosche and agent Rob Lamb handled the sale of 25 Fyfes Rd.Mr Lamb said buyers often got a lot more for their money in hinterland suburbs.Latest CoreLogic data shows Gilston’s median house price is $605,000.Advancetown doesn’t have a median house price as there haven’t been enough sales to determine an accurate figure.last_img read more