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Princeton has removed loans from its aid packages for all students.
Once that was removed, loans began to flow and Solyndra was the first to benefit.
Williams is one of several dozen colleges and universities, most of them private, that have removed loans from aid packages within the last three years in favor of scholarships.
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But a report in China Securities Journal indicated that Chinese banks' bad loans may grow in 2009, as Beijing has removed loan caps for commercial lenders and direct banks to help finance its half-trillion-dollar stimulus package.
As a lending instrument, they allow banks to remove loans from their balance sheets by bundling them into a diversified pool, which is then issued as a bond.
This means removing loans that will never be repaid from their balance sheets, injecting enough public money to allow those that stay in business to emerge in good health, and, ideally, ensuring that executives at the most mismanaged banks are replaced with people who know something about modern business.
So you're going to start to see more bond issuance and less loan issuances as banks try to remove loans off their balance sheets.
Examples include: making cheaper finance available through Credit Unions; working with the Police to remove loan sharks; helping individuals with debt; removing barriers to employment; and ensuring individuals take benefits and tax breaks they are due.
Doing so could lower your APR, take out unwanted charges, and remove loan terms.
Banks with substantial loan troubles sometimes establish collecting banks to remove those loans from the parent company's balance sheet.
Removing the loans from the banks' books will allow them to make fresh loans.
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