Given the stakes both for students and the budget it is important for policymakers and the general public to understand the effects of different forgiveness options. Many economists have already pointed out that loan forgiveness would disproportionately help people on the upper end of the earning scale: Two scholars with the Brookings Institution, for instance,…
The Columbus Dispatch The staggering student loan debt in this country estimated to be around $1.6 trillion stymies much of its young population. Many borrowers are putting off having families because they can’t afford the expense of raising children. Nor are they buying houses or cars, which would boost the economy. This has led some…
Temporary changes to debt relief and bankruptcies brought into being in March will cease on Friday, with the bankruptcy threshold lifted. On 24 March of this year, thefederal government announced a series of changes to bankruptcy law as part of itswider economic response to the COVID-19 pandemic. Among the temporary changes implemented for personal bankruptcywere:…
Debt can be a slippery slope. Some types (like mortgages) are healthy and improve your ability to do and buy the good things in life. Others (like, um, that sofa youre still paying off) should come with a danger warning before you sign on the dotted line. Here, four types of debt that could spell…
LAHORE – The business community Saturday applauded the government for securing debt relief of $1.7 billion for another six months from G20 and other creditors, calling for driving a campaign to write off Pakistan debt permanently, as the country has paid $10.4 billion on account of debt servicing during last fiscal year. Federation of Pakistan…
Consumers with high-volume debts need a clear solution that helps them gain control over their finances. With high-volume debt, one false move leads to financial ruin and prevents the person from making any major purchases. They may lose their home, their automobile, or other dire circumstances that lead to serious financial losses. A debt consolidation…
Abolish debt now: Students at Hunter College in New York City demonstrate against tuition and ballooning debt, November 13, 2015. (Cem Ozdel / Anadolu Agency / Getty Images) Subscribe to The Nation Subscribe now for as little as $2 a month! Subscribe to The Nation Subscribe now for as little as $2 a month! Subscribe…
As 2020 comes to a close, it is clear that the year will be marked by a series of somber statistics. More than 300,000 Americans have died due to Covid-19. There are still 10 million fewer U.S. jobs than before the coronavirus pandemic began And as college students across the country pivoted between on-campus and…
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The United States on Monday reinstated Sudan’s sovereign immunity, as the U.S. Congress passed legislation formalizing the move, following the ending of Sudan’s designation as a state sponsor of terrorism. However, the legislation includes an exemption allowing lawsuits by the families of victims of the Sept. 11, 2001, attacks on the United States already underway…