US President Joe Biden.Saul Loeb/Getty Images The Biden administration will forgive $39 billion of student debt for about 800,000 borrowers. Only those who’ve made repayments in an income-driven plan for either 20 or 25 years are eligible. That means the policy probably isn’t much help to anybody younger than 40. Joe Biden’s latest student-debt relief…
US President Joe Biden.Saul Loeb/Getty Images
An additional 1.65 million people have been pushed into extreme poverty in the worlds poorest countries after a succession of economic shocks since the Covid pandemic, according to the United Nations. In a report highlighting the human cost of inaction, the UN Development Programme (UNDP) said low-income countries urgently needed breaks from their debt repayments…
Pennsylvania Rep. Dan Meuser and Fox News contributor Liz Peek forecast the consequences of President Biden’s student loan handouts on ‘The Evening Edit.’ The U.S. Department of Education announced Friday it “will begin notifying more than 804,000 borrowers that they have a total of $39 billion in Federal student loans that will be automatically discharged…
CNN The Biden administration announced Friday that 804,000 borrowers will have their student debt wiped away, totaling $39 billion worth of debt, in the coming weeks due to fixes that more accurately count qualified monthly payments under existing income-driven repayment plans. For far too long, borrowers fell through the cracks of a broken system…
A punishing series of economic shocks over the past three years drove 165 million people into poverty worldwide and left debt-swamped developing nations unable to afford adequate schooling, medicine and other social services, according to a report from the United Nations Development Program. Some of the worlds poorest countries borrowed heavily since 2020 to cope…
Hailey Gertner expects to spend time soon reworking and re-evaluating her budget, the record of what shes spending and earning. Theres a reason for Gerners financial examination. The 26-year-old Greeley resident is one of millions of Americans who later this year will again be responsible for paying student loans following the U.S. Supreme Court decision…
The promoter and managing director of SpiceJet (SG, Delhi International) has agreed to inject INR5 billion Indian rupees (USD61 million) into the under-pressure airline to strengthen its financial position and maximise growth opportunities. Ajay Singh’s equity contribution will also assist the airline in accessing a further INR2.06 billion (USD25.1 million) via the Indian government’s Emergency…