Andre Perry

May 2, 2018

What to do when TOPS is underfunded?

The House version of next year’s budget funds the TOPS scholarship program at only 80 percent of current year funding.

Number of the Day

167 - Average annual percentage interest rate (APR) for a new predatory payday loan product that would be authorized by legislation passed by the Louisiana Senate on Tuesday evening. Current law caps interest rates at 36 percent APR. (Source: Center for Responsible Lending)
February 5, 2018

A new stall tactic

State legislators have had nearly two years to prepare for the $1 billion-plus “fiscal cliff” that Louisiana faces on July 1, when a host of temporary taxes expire.

Number of the Day

$145.7 million - Amount of money Louisiana consumers pay annually in fees on short-term “payday” loans with interest rates of at least 300 percent APR.  (Source: Center for Responsible Lending)