Jefferies raises Praxis Precision Medicines stock price target on pipeline catalysts
College Tuition Up 914% Since 1983, J.P. Morgan Reports
College Tuition Up 914% Since 1983, J.P. Morgan Reports
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Jefferies raises Praxis Precision Medicines stock price target on pipeline catalysts
Amex Platinum Card Removes Uber VIP Benefit
Amex Platinum Card Removes Uber VIP Benefit
Effective today May 7, 2026, Uber VIP has been removed from the $200 Uber Cash benefit and replaced with Signature Support for Amex, a premium level of phone customer service including 24/7 access to live customer support agents. The $200 Uber Cash benefit is not changing.
Signature Support for Amex can be accessed in the account section of the Uber, Uber Eats, or Postmates apps via the Partner Rewards Hub or Help pages. Further details are available at uber.com/signaturesupport.
Who is eligible for Signature Support?
You’re eligible for Signature Support if you:
- Are a U.S. Consumer American Express Platinum Card® or Centurion® Member
- Have added your eligible American Express Card to your Uber Wallet, and
- Are using Uber, Uber Eats, or Postmates on an iOS or Android device
If an eligible American Express Card is added to multiple Uber accounts, Signature Support will apply only to the first Uber account to which the Card was added.
How to access Signature Support?
Eligible users can access Signature Support through two in-app entry points.
- Partner Rewards Hub: You can find Signature Support by navigating to the Partner Rewards Hub in the Uber, Uber Eats, or Postmates app. To reach the Partner Rewards hub:
- Open the Uber, Uber Eats, or Postmates app
- Select Account
- Select Partner Rewards
- Help Section: You can also access Signature Support within the Help section of the apps, by selecting a help topic for Rides or Eats and navigating to “Call Signature Support.” To reach the Help section, select “Account” and then “Help.”
Note: Eligibility and access may take up to 24 hours to update after adding an eligible American Express Card to your Uber Wallet.
Using Signature Support phone assistance
- The dedicated phone number is displayed only in the Partner Rewards Hub or within the Help section in the apps
- Calls must be placed from the phone number associated with your Uber account
- If your account is not eligible, the phone support option may not appear, or you may not be able to connect with Uber Support.
HT: Upgraded Points
Daily Market Coverage Mar. 25, 2026 9AM-11AM (ET) | Yahoo Finance
Daily Market Coverage Mar. 25, 2026 9AM-11AM (ET) | Yahoo Finance
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Cosigner Release on Private Student Loans: The Truth
Key Points
- 90% denial rate: The Consumer Financial Protection Bureau found that roughly 9 out of 10 borrowers who applied for cosigner release on private student loans were rejected.
- Vague criteria: Lender rules often hinge on undefined phrases like “sufficient income” and “satisfactory credit,” giving servicers wide latitude to deny applications.
- Refinancing is often the real exit: For many families, refinancing the loan into the student’s name alone is a more reliable way to remove a cosigner than waiting on a release request.
When parents cosign a private student loan, they’re usually told that once the borrower makes a set number of on-time payments, the cosigner can apply to be released from the loan.
On paper, it sounds like an exit plan. In practice, federal regulators and consumer advocates have flagged cosigner release as one of the most opaque corners of the private student loan market — and the data suggests very few people who try actually get out.
Roughly 90% of cosigner release applications were denied, according to a Consumer Financial Protection Bureau report on industry practices. The CFPB also found that borrowers and cosigners had little visibility into what specifically would qualify them, and were often left without a clear explanation when they were turned down.
What Is Cosigner Release?
A cosigner is a second person (often a parent) who promises to repay a private student loan if the primary borrower can’t. The loan sits on both parties’ credit reports and counts against both of their debt-to-income ratios. That can make it harder for the cosigner to qualify for a mortgage, a car loan, or even an apartment lease.
Cosigner release was designed to give parents an off-ramp after their child got on their feet financially after college. After the primary borrower makes a set number of consecutive on-time payments (typically 12 to 48 months, depending on the lender) the borrower can apply to take the loan into their name alone. If approved, the cosigner is removed from the obligation entirely. The credit report no longer shows the balance, and the loan no longer counts against their borrowing capacity.
For the borrower, qualifying for release usually requires more than just a payment history. Lenders want to see proof of income sufficient to handle the loan on its own, plus a credit check that meets the lender’s underwriting standards.
90% Rejection Rate
The CFPB’s findings gives families a window into how cosigner release actually works. Based on its review of complaints and industry data, the bureau reported that 90% of borrowers who applied for cosigner release were denied. The agency cited two recurring problems.
The first was disclosure. Borrowers and cosigners often didn’t know what specific criteria they had to meet, and even when they were denied, lenders frequently provided no actionable explanation.
The second was process. Some servicers required borrowers to submit applications during narrow windows, restart payment counters after any forbearance or modified repayment schedule, or supply documentation that wasn’t disclosed up front.
The CFPB also flagged auto-default clauses in many private student loan contracts that put loans into default automatically if a cosigner died or filed bankruptcy — even when the borrower had been paying on time. Some of those practices have since been curtailed, but the underlying release rate problem has not meaningfully shifted in the years since.
How Private Student Loan Lenders Compare
Each lender sets its own threshold, and the published rules vary widely:
- Ascent Student Loans: Borrowers can request release after 12 consecutive on-time principal-and-interest payments.
- College Ave Student Loans: Release can be requested after the borrower has completed half the original payment schedule.
- Sallie Mae: Release is available after 12 on-time principal-and-interest payments, with no 30-day-plus delinquencies in the prior 12 months, no hardship forbearance or modified repayment in that window, and a credit review showing no bankruptcy, foreclosure, or 90-day delinquencies in the prior 24 months.
- Earnest Student Loans: Does not offer cosigner release on its in-school loans. Borrowers who want a cosigner removed have to refinance.
Beyond the published rules, most lenders layers in two phrases that do most of the work in a denial: “sufficient income” and “satisfactory credit.” Neither is defined in numeric terms. A borrower making $55,000 a year with a 720 credit score might qualify at one lender and be denied at another with identical loan terms.
Student Loan Refinancing Is The Real Pathway Forward
Many lenders quietly prefer that borrowers refinance their student loans rather than pursue release, and the math often works out in the borrower’s favor anyway.
A student loan refinance means taking out a new student loan in the student’s name only to pay off the existing loan that has a cosigner attached. If the student qualifies on their own credit and income and the refinance loan is completed, the parent is removed from the obligation the day the old loan is paid off.
Refinancing can also lower the interest rate if the borrower’s credit has improved since the original loan was taken out. Lenders that offer student loan refinancing (including Earnest, SoFi, ELFI, and Splash Financial) underwrite to the new borrower’s standalone profile, which is the same financial test most cosigner release programs apply, just packaged as a new loan.
What This Means For Families
For parents who cosigned during their child’s college years, the practical impact is significant. The loan stays on the parent’s credit report for years after graduation, potentially impacting future life choices.
Even when the primary borrower is paying on time and never misses, the balance still counts against the cosigner’s debt-to-income ratio when underwriters evaluate new credit. A $40,000 student loan balance can shave tens of thousands of dollars off what a parent qualifies to borrow on a mortgage.
Cosigners also carry the credit risk. If the borrower hits a rough patch and goes 30 or 60 days late, that mark hits both credit reports and (under most release programs) also resets the on-time payment clock the borrower would need to qualify for release later.
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Editor: Colin Graves
The post Cosigner Release on Private Student Loans: The Truth appeared first on The College Investor.
About Alejandro Borrayo – MortgageDepot
Alejandro Borrayo is a licensed Mortgage Loan Originator dedicated to helping clients navigate the home financing process with clarity and confidence. He specializes in a wide range of loan programs, including Conventional, FHA, VA, Non-QM, and DSCR, allowing him to tailor solutions that align with each borrower’s unique financial goals.
Alejandro is known for guiding clients through every stage of the loan journey—from initial consultation and pre-approval to closing—ensuring a smooth and well-informed experience. His strong background in credit analysis and loan structuring enables him to identify the best options for both first-time buyers and seasoned investors, whether they are purchasing or refinancing.
With a natural ability to build relationships and a results-driven mindset, Alejandro works closely with all parties involved in the transaction to keep timelines on track and expectations clear. His bilingual proficiency in English and Spanish allows him to effectively serve a diverse client base, making the process more accessible and comfortable.
Backed by an engineering education, Alejandro brings a detail-oriented and problem-solving approach to every transaction. Clients value his transparency, responsiveness, and commitment to delivering reliable, compliant lending solutions tailored to their needs.
Only one Supreme Court Justice has ever served longer than Clarence Thomas
The first baby boomer on the Supreme Court hit a milestone on Thursday, becoming the second-longest serving justice in history at a time when his influence has never seemed greater.
Once an outlier on the nation’s highest court, Justice Clarence Thomas has become a towering figure in the conservative legal movement over the last decade as he helped secure landmark rulings on abortion, voting and Second Amendment rights.
The only justice with a longer tenure is liberal William O. Douglas. Thomas would overtake Douglas in 2028 if he remains on the court — and there’s no sign he plans to retire anytime soon.
“I think he’s more energized and excited now than when I first met him,” said John Yoo, a law professor at the University of California, Berkeley, who served in Republican President George W. Bush’s administration after his time as a Thomas clerk three decades ago.
Thomas was confirmed in 1991 after contentious hearings that included sexual harassment allegations. More recently, his acceptance of luxury trips has raised a storm of ethics questions. He’s nevertheless gone from near-silence at oral arguments to asking the first questions and penning a landmark ruling expanding Second Amendment rights.
Following the appointment of three conservative justices by Republican President Donald Trump, Thomas is now the most senior member of a supermajority that’s also overturned abortion as a constitutional right, ended affirmative action in college admissions and sharply limited the Voting Rights Act.
“The court has radically moved in his direction over the course of his time on the court,” said Stanford University law professor Pamela Karlan. Thomas’ seniority means he can decide who writes an opinion if he’s part of a majority that doesn’t include Chief Justice John Roberts, a factor that can nudge other votes behind closed doors, Karlan said.
Off the bench, Thomas’ sphere of influence also includes his large, close-knit network of former clerks, who have served in the Trump administration and are increasingly filling out the ranks of federal judges.
“That is an important legacy that he will leave,” said Sarah Konsky, director of the Supreme Court and Appellate Clinic at the University of Chicago Law School. “Even as justices’ own time on the court winds down, significant influence lives on through their clerks.”
That’s not to say Thomas’ time on the court is up. In a recent speech, Thomas tied the nation’s highest ideals to a conservative vision of limited government — and launched a broadside on progressivism seen by critics as unfair and inappropriate. In the room at the University of Texas, though, it earned a standing ovation.
Thomas, who became the second Black member of the court, now has a tenure that tops 34 years, putting him ahead of Justice Stephen J. Field, who was appointed by Lincoln before the end of the Civil War and served as the only 10th justice until 1897.
For Thomas, 77, it’s a long way from the hearings at which his nomination by Republican President George H.W. Bush was nearly derailed by allegations that he had sexually harassed Anita Hill, a charge he forcefully denied.
Thomas has more recently come under scrutiny for lavish, undisclosed trips from a GOP megadonor and the conservative political activism of his wife, who backed false claims that the 2020 election was stolen from Trump. The justice has said he wasn’t required to disclose the trips he took with friends and ignored calls to recuse himself from cases related to the election.
On the court, though, recent years have also brought perhaps the most significant work of his career, especially a 2022 opinion he wrote that found people generally have the right to carry a gun in public. The justice did not respond to a request for comment on his tenure.
His own jurisprudence has changed little over the years, said Scott Gerber, author of “First Principles: The Jurisprudence of Clarence Thomas.” Even as the majority moves his way, he’s continued to write dissents that get noticed.
“He’s incredibly consistent,” Gerber said. Once known for solo dissents, “now he writes majority opinions.”
Believe unveils AZTEC, its first US record label joint venture, with music exec Az Cohen
Paris-headquartered music company Believe has teamed up with music executive Az Cohen to launch a new joint venture record label called AZTEC, based in New York.
The move marks Believe’s first such JV in the United States. The partnership was jointly announced today (May 7) by Cohen and Romain Vivien, Believe’s Global Head of Music.
The news arrives a week after Believe expanded its Label & Artist Solutions business in the US, led by music industry veteran Thomas Maxwell as Vice President, US, Label & Artist Solutions (LAS), Believe.
Cohen brings more than a decade of experience in the independent music industry to the partnership.
Believe noted that he previously held roles at 300 Entertainment, “helping scale” the company through its sale to Atlantic Records.
During his time at 300, he built and launched Sparta Distribution, the label’s independent distribution and artist development arm, which has generated more than 8 billion streams across its catalog since its launch.
Earlier in his career, Cohen managed Post Malone during the period the artist broke into mainstream.
Cohen will serve as president of the AZTEC joint venture with Believe, working out of Believe’s New York City offices, according to an announcement.
“AZTEC is about patience, commitment and shaping careers that stand the test of time.”
Az Cohen, AZTEC
Commenting on the partnership, Cohen said: “In an industry that’s become increasingly about quick wins and short-term virality, we are artists, engineers, planners and warriors with a singular focus: building empires with our artists and partners.”
“AZTEC is about patience, commitment and shaping careers that stand the test of time.”
Romain Vivien, Believe’s Global Head of Music, said: “Our joint venture with AZTEC reflects Believe’s continued commitment to building artist-first partnerships and supporting entrepreneurs who deeply understand the creative and cultural landscape.”
“Our joint venture with AZTEC reflects Believe’s continued commitment to building artist-first partnerships and supporting entrepreneurs who deeply understand the creative and cultural landscape.”
Romain Vivien, Believe
Added Vivien: “Az brings an exceptional ability to spot talent and build sustainable careers, and together we are creating an ecosystem designed for the next generation of artists.”
Believe said AZTEC completes a wider portfolio of in-house imprints and acquired brands like French label Play Two, South Indian music label Think Music, and Brazil’s Ok Music!
AZTEC has yet to announce initial artist signings. The joint venture will take advantage of Believe’s global network, as the latter continues scaling its international footprint and expanding to the US.
For Believe, the company said the move extends its strategy of growing its portfolio of entrepreneurial partnerships worldwide, including Tenace Records, formed with Tileyard Music in the UK, and All Night Long, an electronic music label launched with French management firm Kidding Aside.
In October 2024, Believe redesigned its global strategy, which it said was aimed at “driving further artist development and increasing the value created for artists and labels at all stages of their careers”.
Music Business Worldwide
Consumers Credit Union $150 Checking Bonus, Direct Deposit Not Required
Update 5/7/26: Deal is back, this time requires a deposit of $250+ (previously it was $5+)
Offer at a glance
- Maximum bonus amount: $150
- Availability: Anybody can join, even if they don’t live in Illinois but you’ll need to pay $5 to join Consumers Cooperative Association. More information here. Must be a US Resident.
- Direct deposit required: No
- Additional requirements: Yes, see below
- Hard/soft pull: Soft pull
- Credit card funding: Yes, up to $200
- Monthly fees: None
- Early Account Termination Fee: None
- Expiration date: May 15, 2026
The Offer
Direct link to offer
- Finder is offering a $150 digital gift card when you open a new Consumers Credit Union Rewards checking account and meet the following requirements:
- Deposit $250+ at account opening
- Maintain that $250+ deposit for 60 days
- Account can also earn up to 5% APY, more details here.
The Fine Print
- Eligible First Deposit means your first deposit of $5 or more into the new account before the end of the Promotion Period.
- Must keep a $5 balance for at least 60 days
- You must be a New Customer, meaning you haven’t owned a Consumers Credit Union account in the last 20 years.
- Mismatched names or emails between Finder and Consumers Credit Union may disqualify the reward.
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
This account has no monthly fees
Early Account Termination Fee
Bonus paid via a portal and minimum account length period mentioned.
Our Verdict
Bonus itself seems good, I very much doubt it will last until the end date so I would recommend applying ASAP if interested. According to the old thread we have it seems like they might be ChexSystems sensitive. We will still add this to our list of the best bank account bonuses.
Finder came good on the Axos promotion in the end. They have also agreed to donate $10 to our charity partner ‘Cure Alzheimer’s Fund‘ (will have more on this in a separate post) for deals such as this completed when clicked from Doctor of Credit (we tried to negotiate a better deal for you guys, but this wasn’t possible unfortunately). To be clear we receive $0 and zero other benefits.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
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Private Equity Best Practices | EI Blog
Innovations are rarely just about superior performance. They are also about experimentation. And all new experiments breed their fair share of miscarriages.
Given the extraordinary impact that financial leverage has on equity returns, PE fund managers have spent the past 40 years sharpening their use of debt funding. It is the area where the industry has witnessed the most innovation, because leverage is the principal means through which PE fund managers maximize returns3.
Since the 2008 financial crisis, institutional lenders and PE firms have greatly benefited from increased regulation of the banking industry. In the past 15 years, they have grown their share of the corporate debt market.
Large-cap PE firms are now among the largest corporate lenders: Apollo, Ares, Blackstone, Carlyle, and KKR all play on both sides of the capital structure4. That allows them to do two things. They can use their private debt divisions’ ability to underwrite loans as a bargaining tool when negotiating terms with third-party lenders, and they can acquire companies on the cheap by buying distressed debt at a discount, with the option of taking full control of the leveraged business if the latter defaults on its debt. Lender-led buyouts have become common.
With so much spare capital in the financial system, borrowers are frequently granted exceedingly generous terms, including the ability to draw interest-only loans (meaning that the principal is only repayable upon the sale of the business or when the loans reach maturity) or without the need to meet strict financial ratios (debt covenants).
Today, most buyouts with an enterprise value above $100 million are financed with covenant-lite bullet loans, meaning that the debt raised is not amortized but only repayable in full upon maturity or change of control, giving the borrower years to operate without constraint from its lenders.
The golden rule is to keep debt as a proportion of total funding at a manageable level. Up to 60% seems to work for most sectors, unless they are subject to sudden regulatory changes, technological disruption, or fierce cyclical downturns, in which case leverage ratios should be set much lower5.
The risk of default on debt obligations for many LBOs can be unusually high. Lengthy renegotiations with lenders, to amend covenants and extend maturities or, increasingly, via liability management exercises6, are just the start. Default can also lead to bankruptcy.
That makes the adoption of best practice principles imperative. Since few deal targets ever meet all the criteria to qualify as perfect LBO candidates7, practitioners must embrace investment and management discipline that can weather the test of time.
Parts of this post were adapted from The Good, the Bad and the Ugly of Private Equity by Sebastien Canderle.