Slashdot: News for Nerds


Welcome to the Slashdot Beta site -- learn more here. Use the link in the footer or click here to return to the Classic version of Slashdot.

Thank you!

Before you choose to head back to the Classic look of the site, we'd appreciate it if you share your thoughts on the Beta; your feedback is what drives our ongoing development.

Beta is different and we value you taking the time to try it out. Please take a look at the changes we've made in Beta and  learn more about it. Thanks for reading, and for making the site better!

Interest Rates: Apple Wins, Students Lose

theodp (442580) writes | 1 year,10 days


theodp (442580) writes "In April, Apple locked in an insanely-great 2.415% interest rate on 10-year bonds offered as part of an unprecedented $17 billion bond sale (Apple's first since 1996). Bloomberg reports that Apple sold the bonds to help funnel money to shareholders in a bit of financial engineering, saving as much as $9.2 billion in taxes by avoiding the use of about $100 billion of cash it holds offshore. Meanwhile, seven million college students saw their interest rates doubled to 6.8% from 3.4% Monday after Congress failed to pass legislation preventing the increase on government-backed Stafford loans. Hey, don't let the IRS catch you trying to avoid paying any taxes due on the income you use to pay back those higher interest rate loans, kids, or there'll be hell to pay!"

cancel ×

1 comment

All the more reason (1)

cshark (673578) | 1 year,10 days | (#44162023)

people need to start getting smarter about how they get their educations, and classify their incomes.

Check for New Comments
Slashdot Account

Need an Account?

Forgot your password?

Don't worry, we never post anything without your permission.

Submission Text Formatting Tips

We support a small subset of HTML, namely these tags:

  • b
  • i
  • p
  • br
  • a
  • ol
  • ul
  • li
  • dl
  • dt
  • dd
  • em
  • strong
  • tt
  • blockquote
  • div
  • quote
  • ecode

"ecode" can be used for code snippets, for example:

<ecode>    while(1) { do_something(); } </ecode>
Create a Slashdot Account