Cohorts of young Australians have been told they have to study longer, work harder, eschew avocado and marry better if they want the chance to buy a home of their own. Nearly 2.5 million people owed the Australian government almost $49 billion in HELP debts in 2015-16. The average student debt in 2016-17 had…
Shop worker pocketed payments to help father out of debt 30 August 2018 Image caption John Veighey took the cash from customers to help his father out of debt A shop assistant pocketed customer payments up to 20 times in a bid to help his unsuspecting father out of debt, a court has been told.…
AUSSIES struggling with financial wellbeing want their employers to help, though not necessarily in the form of a payrise, new research suggests. Fintech firm Map My Plan canvassed employees from a range of organisations for its Financial Stress in the Australian Workplace insight paper, finding 31 per cent were worried about their finances and 8…
A new perk at Abbott Laboratories that helps employees save for retirement even as they pay down student debt has caught the attention of a national employer group that is asking the government to clear the way for more companies to offer a similar benefit. Abbott had sought and received the blessing of the Internal…
Rabat Morocco has signed an agreement with the World Bank to engage youth in business, create employment, and reduce the debt to GDP ratio. The new partnership agreement, set to take effect January 2019, aims to address Moroccos health, socioeconomic, and unemployment challenges. According to Le360, the World Bank has pledged to give Morocco a…
Created by the Coalition and expanded by Labor, the scheme granted private colleges virtually unregulated access to government subsidies for virtually every student they enrolled. This created a perverse incentive for some colleges to enrol as many people as they could, sometimes luring them with laptops and other incentives to sign up to often substandard…
Image caption John Veighey took the cash from customers to help his father out of debt A shop assistant pocketed customer payments up to 20 times in a bid to help his unsuspecting father out of debt, a court has been told. John Veighey stole cash given to him for wine purchases and then cancelled…
China Cinda Asset Management, one of the countrys four biggest state-owned bad debt managers, said on Thursday it would proactively help the government tackle peer-to-peer (P2P) lending risks, after confirming Chinas top financial regulator had recently met the big four asset management companies on the issue following several protests in the past few weeks by…
Student at college graduation.Photo by Esther Tuttle on Unsplash New York University’s School of Medicine just announced it will offer full scholarships to all current and future students in its MD program. NYU medical students will graduate with zero academic debt (though they may have to take out loans for room and board). The NYU…
The Kyneton Football Netball Club is calling for community support to help them overcome a $200,000 debt. The debt has amounted following the club’s recession in 2013 where the club was forced to pull the senior football side from the Bendigo Football League while costs from upgrading the netball courts, lights and scoreboard in recent…