Topline The Biden administration announced Friday its canceling approximately $5 billion in student debt relief, largely for public servants, the latest incremental step the White House has taken on student loan forgiveness, even though its more ambitious student loan relief program was thwarted by the Supreme Court. Key Facts The administration approved debt relief for…
The White House Today, my Administration approved debt cancellation for another 74,000 student loan borrowers across the country, bringing the total number of people who have gotten their debt cancelled under my Administration to over 3.7 million Americans through various actions. Of the 74,000 borrowers approved for relief today, nearly 44,000 of them are teachers,…
Before you make a decision on a debt relief solution, it’s important to know the true costs associated with it. Getty Images No matter how financially savvy you may be, there may be points where you find yourself grappling with debt. After all, it takes just one major financial emergency whether it’s an unexpected medical…
As many low- and middle-income countries (LMICs) grapple with a sharp rise in payments on their sovereign debt in the wake of the COVID-19 pandemic and the war in Ukraine, leaders across the world are calling for urgent debt restructuring and reforms to the development financing system. Their calls are often framed in humanitarian and…
Key takeaways Before taking on a balance transfer offer to consolidate debt, budget for a monthly payment plan to pay it off. Select a balance transfer card that’s suited to your credit score, and look into the terms and conditions of the offer. Make it a priority to pay off the transferred balance within the…
A debt management plan is a tailored strategy to help you repay outstanding debt and financial obligations without using a new loan. Typically, credit counseling agencies work with creditors on your behalf to determine a debt management plan that fits your financial circumstances. Heres how debt management plans work and how to decide if one…
Debt consolidation can potentially hurt your credit score if you dont use the new loan responsibly, such as by missing payments or taking on even more debt instead of only paying off old debt. However, if you use it correctly, debt consolidation can have a positive impact on your credit score and help you pay…
A simple phone call could result in a lower interest rate or payoff balance. Here’s how you make it happen. Getty Images When it comes to credit cards, the vast majority of adult Americans have at least one card account in their name. If you carry a balance from month to month on these accounts,…
Sri Lanka is expecting an economic growth of 2% in 2024, which is likely to further increase to 4% or 5% in 2025, says President Ranil Wickremesinghe. The Head of State made these remarks on Wednesday while speaking during a panel discussion on the sidelines of the World Economic Forum in Davos, Switzerland. Responding to…
Sri Lanka is expecting an economic growth of 2% in 2024, which is likely to further increase to 4% or 5% in 2025, says President Ranil Wickremesinghe. The Head of State made these remarks on Wednesday while speaking during a panel discussion on the sidelines of the World Economic Forum in Davos, Switzerland. Responding to…