The enormity of the student debt crisis is staggering. The Federal Reserve has reported a record-breaking $1.7 trillion in federal and private student loan debt,which is currently held by more than 44 million Americans. This burden has enormous repercussions. Recent graduates may experience a narrowed sense of possibility; decisions like when to start a family…
In war, as the saying goes, truth is often the first casualty. During the pandemic and its economic shocks, however, truth has become a blessing for some. Take the African country of Chad. When its debt levels grew too onerous late last year, it was forthcoming with creditors about its finances. By February, the International…
A small business financial counsellor is urging small and family businesses in Mackay to seek help urgently if they deferred debt during the pandemic. Financial management expert Kristy Wilson encouraged businesses owners to be on the front foot so they can survive the next 12 months. The Rural Financial Counselling Service North Queensland is funded…
Democratic senators say a provision in the $1.9 trillion stimulus package signed by President Joe Biden last week paves the way for him to cancel student debt for a broad swath of borrowers. As part of the law, borrowers who have any student debt cancelled through the end of 2025 wont face a tax bill…
BALTIMORE (WJZ) Maryland Attorney General Brian E. Frosh has filed charges against a California-based tax debt relief company in connection to their offer and sale of tax debt relief services to Marylanders. The Consumer Protection Division alleges National Tax Experts, Inc. mailed advertisements to Maryland consumers that looked to be from a Maryland court or…
The past year has fractured our world in countless ways. Now, as people look to pick up the pieces, those managing debt need to account for their position in our uneven economic recovery. In this so-called K-shaped recovery, one part of the population is rebounding quickly while another has a longer, slower path. For example,…
Business U.S. Treasury Secretary Janet Yellen will meet on Tuesday with Jubilee USA Network, a non-profit group that advocates for debt relief for developing countries, and senior religious leaders from large U.S. Christian and Jewish faith groups. FILE PHOTO: U.S. Treasury Secretary Janet Yellen attends an economic briefing with U.S. President Joe Biden in the…
Eurozone treasuries are set to agree Monday they will only start addressing their countries mounting debt piles once the health crisis is over. According to a draft statement obtained by POLITICO ahead of its discussion at a Eurogroup videoconference, ministers will signal their commitment to keep their budget strategies in lockstep and continue spending for…
Advertisement The federal government should target any debt forgiveness to those who truly need it. It is important to remember that student loan borrowers are different from most Americans: Theyve gone to college. College students, as a group, earn more, are better educated, live longer, and come from more affluent backgrounds than other Americans. Those…
Local churches & organizations help relieve medical debt for Arkansans Skip to content Close Ad Read the full article at: https://www.nwahomepage.com/news/local-churches-organizations-help-relieve-medical-debt-for-arkansans/