Student loan borrowers facing financial hardship may qualify for Biden's new round of debt relief – Fox Business

Borrowers with high medical debt, childcare costs and other financial burdens qualify for relief.  (iStock) The Biden-Harris administration recently released another proposal to help borrowers handle high-cost student loans. This round of student debt relief is designed to help students facing serious financial hardship. The proposal would provide automatic relief to borrowers deemed likely to…

Government flags changes to HECS and placement pay – ABC News

In short: the government has received recommendations from a major review of the university sector. Proposed changes include additional financial support for low-income students, and a new method for calculating HECS repayments. What’s next? Education Minister Jason Clare said the government would respond to the recommendations “in the next couple of months”. University students could get cost…

China State Firm in Rare Move Sells Debt to Help Fund Local LGFV – Bloomberg

A state-owned firm in Chinas Guizhou province is selling bonds to help repay debt issued by a local government financing vehicle, a rare move that highlights the regions liquidity strains. Guizhou Hongyingda Construction Project Management Co., a wholly-owned subsidiary of the finance bureau of Xixiu district in Anshun city, issued a 1.8 billion yuan ($250…