JEN and Travis Smith decided to get out of the red as they got engaged – and they now live debt-free thanks to no-spend challenges. The married duo, aged 32 and 34, had a combined $78,000 in debt in 2015, which included $74,000 worth of student loans and $4,000 in a car loan. 2 Travis…
A college graduate calls their family on video to celebrate Kemal Yildirim | Getty Images Earlier in August, the U.S. Education Department under President Joe Biden announced it would cancel another $1.1 billion in student loan debt for about 115,000 borrowers who attended ITT Technical Institute, a now-defunct school. This latest round of forgiveness brings…
THE economic fallout of the Covid-19 pandemic has led to the establishment of a number of debt-relief and financing options for cash-strapped countries. But just how many emerging markets have benefitted from these initiatives? Debt was already a big issue before the health crisis. According to the International Monetary Fund, 36 of the 70 markets…
Mercer County Community College is putting federal money directly into the hands of its students by way of reducing and eliminating debt. And its not waiting around to do so. The school announced that, over the past 16 months, it has forgiven nearly $5 million in qualified balances such as tuition, fees and other costs…
If you’re having trouble with credit card debt, consolidation could be the way out. Since credit cards tend to have high interest rates, getting rid of credit card debt can be expensive. A popular way to pay it off more efficiently is debt consolidation. Here are the two most common ways to consolidate credit card…
The department said the for-profit chain steered students into predatory private loans that were portrayed as grants and also lied about the state of its finances. ITTs malfeasance drove financial resources away from educating students to keep the chain in business for longer than the department says it should have been, resulting in the decision…
MELBOURNE, Australia, Aug. 26, 2021 /PRNewswire/ — Although it is common to juggle a personal loan with a mortgage, credit card debt, and even perhaps another type of loan, such as a boat loan, managing multiple debts can become challenging over time. Consolidating these debts can seem like a quick fix that can help save…
Do you want to pay your debt off while paying reduced interest rates? A Debt Management Plan (DMP) might be what youre looking for! When youre in the process of paying off your debt, the entire thing can become very overwhelming. You have several creditors to deal with, different companies that call you weekly, and…
SAN FRANCISCO–(BUSINESS WIRE)–U.S. fintech company Brex, the all-in-one finance solution for growing businesses, today launched Brex Venture Debt, a new product that gives select customers access to debt financing. Brex already offers credit cards, cash management accounts, spend management, and bill pay software together in a single dashboard for its customer base of high-growth businesses.…
Government interventions in private debt negotiations could be more effective in preventing default waves if they accounted for the connections between lenders and borrowers across the debt chain, according to a new research paper by Wharton finance professor Vincent Glode and Christian Opp, associate professor of finance at the University of Rochester Simon Business School.…