President Joe Biden once again is trying to deliver widespread student debt forgiveness, with a new plan unveiled on Monday that could help about 30 million borrowers erase some or all of their college loans. The latest attempt at broad debt relief comes less than a year after the Supreme Court blocked Biden’s previous attempt…
The UN Environment Programme estimates that developing nations will need up to 364 trillion each year in public finance for climate adaptation this decade. ADVERTISEMENT Pressure is mounting for global financial reforms to help developing nations tackle climate change. An open letter was sent to G20 leaders ahead of annual World Bank and International Monetary…
More than 40% of American adults have medical debt, and almost 60% of those with hospital medical debt had health insurance. Its tempting for policymakers and private entities to provide medical debt relief. Has medical debt relief actually helped individuals who received it? To answer this question, four economists from Harvard, Stanford, the University of…
By AGGREY MUTAMBO By ABDULKADIR KHALIF Somalia is banking on new opportunities coming out of recent debt relief to seek new credit lines and open up for trade. And in spite of security challenges and ongoing state rebuilding, Somalias Ambassador to Kenya Jabril Ibrahim Abdulle says Somalia is yearning to play a big role in…
More than 275,000 borrowers enrolled in Saving on a Valuable Education (SAVE), public service loan forgiveness (PSLF), and others who benefit from previously announced income-driven repayment plan adjustments will see student debt relief amounting to $7.4 billion applied on their accounts, the Biden Administration announced Friday. The decision comes on the heels of a separate…
On Friday, President Joe Bidens administration announced its latest student debt relief effort, authorizing $7.4 billion in student loan debt forgiveness for 277,000 borrowers. This latest round of debt forgiveness takes place under Bidens Saving on a Valuable Education (SAVE) program, which ties monthly student loan payments and debt forgiveness to income and family size. …
If you’re feeling overwhelmed by high-interest debt, these payoff strategies can help you tackle what you owe. Getty Images If you’re carrying variable-interest debt on credit cards or other credit products, you’ve likely noticed an uptick in interest over the past few years. The Fed implemented a series of rate hikes throughout 2022 and 2023…
With inflation rising yet again, for many Americans it may be time to explore debt relief options. Getty Images At the end of 2023, hope was high that the worst of this inflationary cycle was over. The inflation report released in December showed inflation cooling in the month prior, and many hoped it would continue…
It seems so obvious: Relieve people of medical debt burdens and their mental health and financial profiles will improve. Well, that isnt always the case, according to a study released April 8 by economists who worked with RIP Medical Debt, the fields leading nonprofit. (Founded in 2014 by two former collections industry executives, RIP rose…
If youre feeling overwhelmed about being in debt, youre not alone. Many people who have debt report feeling stressed about their financial situation and their payments. On top of that, others report feeling unfairly judged for being in debt, even when debt can be a good thing or happen to financially responsible individuals. As a…