More than 12,000 Wisconsinites will see their student debt wiped out under President Joe Bidens program to help borrowers who have had their loans mismanaged under income-driven repayment plans. The U.S. Department of Education (DOE) announced last week that $39 billion in debt relief would be provided through fixes to the income driven repayment program.…
It was a matter of ticking the box. Izzie didnt and now she has a $5000 tax headache. Chartered accountant GAIL FREEMAN shares the tale of woe. Izzie came to see me upset at not getting a tax refund this year. Worse still, she had just received her tax assessment and she has a debt…
A refresh to how student debt is accumulated is required as part of an overhaul to Australias university sector, a report canvassing proposed reforms has declared. The Australian Universities Accord Interim Report, released on Wednesday, recommends revising student contribution amounts, payment for mandatory placements, and debt relief for graduates in valued occupations. Australias signature policy…
A refresh to how student debt is accumulated is required as part of an overhaul to Australias university sector, a report canvassing proposed reforms has declared. The Australian Universities Accord Interim Report, released on Wednesday, recommends revising student contribution amounts, payment for mandatory placements, and debt relief for graduates in valued occupations. Australias signature policy…
A refresh to how student debt is accumulated is required as part of an overhaul to Australias university sector, a report canvassing proposed reforms has declared. The Australian Universities Accord Interim Report, released on Wednesday, recommends revising student contribution amounts, payment for mandatory placements, and debt relief for graduates in valued occupations. Australias signature policy…
Robodebt may have been dumped, but carers, pensioners and parents receiving childcare support say Centrelink’s debt recovery processes are still causing distress and confusion. Key points: Some welfare recipients have been unable to find out why they owe Centrelink money Centrelink says they are making changes to debt letters to include more information It comes after…
After the U.S. Supreme Court struck down President Joe Bidens student loan forgiveness program last month, he vowed that his administration would not give up the fight, swiftly announcing plans to offer debt relief under an alternative authority, the Higher Education Act of 1965. Unlike Bidens initial plan, which was accomplished by executive order, his…
Biden administration officials have publicly offered few details about how they intend to structure the new program. | Alex Wong/Getty Images The Biden administrations second attempt at canceling large swaths of student debt will be aimed at helping borrowers who need it the most, according to a top Education Department official. James Kvaal, the undersecretary…
Its harder to withstand a disaster when your government spends more on paying down debt than on social services. UN figures released last week add more detail to the contours of a global debt crisis that is drawing increasing attention from humanitarians. Meanwhile, rising debt is one of many issues on the agenda as Group…
Debt consolidation can help you save money on interest and get out of debt faster, but it doesn’t always work as planned. In a recent U.S. News survey of consumers who have borrowed a debt consolidation loan, more than a third regret doing so. Nearly as many say their finances haven’t improved since they consolidated…