Going Downhill in Puerto Rico: Private lenders offer loans to help families cope with Hurricane Maria

While many in Puerto Rico await the federal government’s promised $94 billion in aid, some private lenders are offering something else — private loans that, with their low interest rates and generous terms, could…

Going Downhill in Puerto Rico: Private lenders offer loans to help families cope with Hurricane Maria

While many in Puerto Rico await the federal government’s promised $94 billion in aid, some private lenders are offering something else — private loans that, with their low interest rates and generous terms, could help families stay afloat in the wake of the devastating storm. And as the Federal Emergency Management Agency is under pressure to approve their requests, the lenders have some powerful allies in the government: The Trump administration and the U.S. Congress.

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1 of 6 Puerto Rico Schools Shuttered

No schools operating in Puerto Rico, in this photo taken on June 27, 2018. Six schools have been closed since the storm: Clemente, Granica, Carcel, Pensacola, Pensacola, León Viejo, whose name means “flower” and covers a high school complex with white cream-colored tiles, and Rancho Viejo. (AP Photo/Ricardo Arduengo) Share this slide:

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