As high school seniors and their families prepare to choose which college to attend, student loan debt looms large. Currently, 43 million Americans have student debt and the average household with student loan debt owes almost $48,000. More than 5 million borrowers are in default. With the nationwide student debt topping $1.5 trillion, CBS News…
Adopt a Farmer: How you can help drought-stricken families NSW drought: Devastating reality in pictures Across drought-stricken NSW there are remarkable tales of community strength in the toughest of times and no one embodies that more than young Harry Chase and his classmates at Tottenham Central School. They came up with the Best Cookbook Ever.…
Money is often a source of conflict in a relationship. Josh Hastings, a financial educator and blogger, said combining his debt with his wife Lauren is helping them pay off nearly 300,000 in debt. The debt is actually helping their relationship by forcing them to communicate regularly about their financial future. Visit Business Insiders homepage…
Three years ago my autistic son was groomed on Facebook as soon as he turned 18. He was fooled by some scammers into revealing his bank details on some cock and bull story. In February, they took out three loans in his name from three different payday lenders of varying amounts adding up to nearly…
In the volatile landscape of southern Africa, Zambia is often overlooked. It played a huge role in the liberation struggles of its neighbours. The ANC, banned in South Africa by the apartheid government, established its exile headquarters in Lusaka. The SWAPO movement, fighting for a free Namibia, was also headquartered there. Joshua Nkomos wing of…
Saudi Arabia is seeking to open up its government bond market to retail investors as part of sweeping reforms intended to develop a savings culture. Officials said last week that the countrys government sukuk, or Islamic bonds, would be sold in chunks of SR1,000 ($267), rather than the typical SR1m, in a move that finance…
Back in July 2005, the G8 summit at the Gleneagles hotel in Scotland announced a package of aid and debt relief for the worlds poorest countries. The event marked the high point of international development cooperation and was supposed to put the finances of low-income nations on a permanent sustainable footing. For a while, optimism…
Yes, interest rates are low. But that doesnt mean debt doesnt matter. By William Gale, byWilliam Gale Despite a strong economy, the U.S. budget deficit recently rose by nearly40percent year over year, largely because of the tax cuts passed in 2017 and the spending deal approved in 2018. Federal debt the accumulation of…
We told you yesterday about Elizabeth Warrens new plan to make two- and four-year public colleges free for students and cancel up to $50,000 in student loan debt for millions of Americans. The proposal generated a wide range of responses, including questions about the structure and fairness of the student debt forgiveness. While experts who…
Student debt in the US is worth a whopping $1.5 trillion. Graduates are so burdened with debt, according to reports, that they arent buying homes or getting married. Even grandparents are burdened by student loans, having borrowed on their grandkids behalf. It is no wonder, then, that US presidential candidate Elizabeth Warren has promised to…