A proposal to reduce HECS debt for lawyers relocating to rural, regional and remote areas has the potential to transform the accessibility of legal services for these underserved communities. A request has been made to the Commonwealth government urging the implementation of an initiative aimed at reducing Higher Education Contribution Scheme (HECS) debt for legal…
McGrath said the absence of the districts lawyers has left the community with a significant unmet need for legal services, which could be addressed with the right incentive. The proposed scheme, recommended by the recent Independent Review of the National Legal Assistance Partnership (NLAP), would forgive tertiary education debt for private lawyers who dedicate a…
When confronted with a grim diagnosis or a catastrophic accident, Americans often wonder not only how they will recover their health and well-being but also if their finances can withstand medical debt and its rippling effects. But a proposed rule from the Biden administration could translate to more financial relief for the 15 million Americans…
With funds equivalent to just 2.9% ($35.7 billion) of their combined annual military spending, Group of Seven (G7) countries could help end world hunger and solve the debt crisis in the Global South, reveals new Oxfam analysis ahead of the G7 Summit in Borgo Egnazia, Italy. Eradicating world hunger in all its forms would require…
If you’re a senior with debt issues, there are lots of options to consider, experts say. KATLEHO SEISA/Getty Images Economic conditions are challenging for many these days. Despite recent drops, inflation has remained stubbornly high, and interest rates are even higher, making it hard to access cash and even easier to rack up debt in…
Washington, DC U.S. Senator Sheldon Whitehouse today encouraged Rhode Islanders with privately held student loans through the Federal Family Education Loan (FFEL) program to consolidate their loans to the Direct Student Loan Program to become eligible for student loan forgiveness. Borrowers have until June 30, 2024 to convert their loans from commercial to federal loans…
There are effective ways to reduce your debt without hurting your credit score in the process. Getty Images/iStockphoto With inflation and interest rates high, many consumers are struggling financially. The burden can be particularly heavy for those carrying credit card debt. The average interest rate on credit cards now sits at over 21%, up from…
Debt consolidation may make your debts easier to manage while saving you money. Getty Images/iStockphoto If you have high interest debt, you may be looking for options to eliminate it. As the cost of living continues to rise, balances with high interest rates can lead to financial hardship. One common debt relief option is debt…
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that ‘Volatility is far from synonymous with risk.’ So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt…
NEW YORK — Seriously overdue credit card debt is at the highest level in more than a decade, and people 35 and under are struggling more than other age groups to pay their bills. The share of credit card debt thats severely delinquent, defined as being more than 90 days overdue, rose to 10.7% during…