Millions of Australians are expected to be hit with hikes in their HECS repayments amid skyrocketing inflation. Student loans, known as HECS-Help, are not charged interest. Instead, the full amount is indexed to inflation each year. They are often labelled a good debt being far cheaper than other types of debt. Over the past decade,…
Millions of Australians are expected to be hit with hikes in their HECS repayments amid skyrocketing inflation. Student loans, known as HECS-Help, are not charged interest. Instead, the full amount is indexed to inflation each year. They are often labelled a good debt being far cheaper than other types of debt. Over the past decade,…
Urgent warning issued to millions of Australians with student debt – with payments set to soar again HECS-HELP indexation forecasted to reach 7 per cent Rise will be confirmed after ABS March quarter figures Indexation will impact graduates wanting home loans By Courtney Gould For Nca Newswire Published: 11:08 AEST, 17 April 2023 | Updated: 11:20…
There was optimism at the spring meetings of the I.M.F. and World Bank that China will make concessions over restructuring its loans. WASHINGTON China, under growing pressure from top international policymakers, appeared to indicate this week that it is ready to make concessions that would unlock a global effort to restructure hundreds of billions of…
WASHINGTON, April 15 (Reuters) – Africa is struggling with the triple shock of rising debt burdens, an ongoing food crisis and climate change fallout and needs more help from international institutions and wealthy nations to cope, African finance ministers said on Saturday. Developing African economies were only beginning to recover from the COVID-19 pandemic when…
Ghana has defaulted on loans and is among 22 countries which either have excessive debt or risk facing it, the World Bank says. AFP Paris, France: After the epidemic and Russias invasion of Ukraine, Africa is facing decades-high levels of debt, but the international community is finding it difficult to come to an agreement on…
Dear Amy: I belong to a group of nine women who are all retired teachers of various ages. We have met monthly for 35 years. We started this group because, although we worked for the same school district, several moved to different schools, and this was a way for us to stay connected. In the…
People often tend to go overboard spending beyond their means during Eid Al Fitr celebrations and later struggle with buyers remorse. This could spell trouble for many households who are struggling amid the global cost-of-living crisis. It is important to avoid racking up holiday debt, particularly when interest rates are rising, financial experts warn. It…
(MENAFN– Colombo Gazette) International Monetary Fund chief Kristalina Georgieva says China had been helpful in reaching a debt relief deal for Sri Lanka. Georgieva also said she told China’s new top economic official, Li Qiang, that China must accelerate its work to reach debt restructuring agreements for countries like Zambia, Ghana and Ethiopia. Georgieva, who…
International Monetary Fund chief Kristalina Georgieva says China had been helpful in reaching a debt relief deal for Sri Lanka. Georgieva also said she told Chinas new top economic official, Li Qiang, that China must accelerate its work to reach debt restructuring agreements for countries like Zambia, Ghana and Ethiopia. Georgieva, who met with Li…