Advocates rallied outside the Supreme Court in February to show support for the Biden administrations plan to forgive up to $20,000 in federal student loans for eligible Americans. Kent Nishimura/Los Angeles Times via Getty Images President Biden does not have the authority to forgive student loans, the Supreme Court said in a 6-to-3 decision that…
WASHINGTON The U.S. Supreme Court on Friday ruled that the Biden administration does not have the legal authority to enact a one-time student debt relief program, dealing a blow to the 40 million Americans who would have qualified for the program. Last year, the Biden Administration rolled out a debt forgiveness plan for borrowers with…
A report by Rhodium Group, on Thursday (June 29) showed that the value of Chinese debt relief dropped by more than 50 per cent between 2021 and 2022. This comes as Beijing, the worlds largest bilateral creditor, has recently backed more multilateral efforts to standardise support for poor nations. The report about Chinese debt relief…
It can be challenging to manage multiple debt accounts at once, but you may be able to find relief with a debt consolidation loan. They are readily available through traditional banks, credit unions and online lenders and come in two forms: secured and unsecured loans. Both secured and unsecured debt consolidation loans can help you…
Before partnering with us, many of our customers were battling interest rates of between 25% and 50%, Lockley said. This can mean its difficult to make progress or get through unexpected financial shocks. Our financial reset loans help break that cycle and set them on a sustainable path out of debt and on with their…
Supreme Court set to issue rulings that could impact student loan debt and college admissions Supreme Court set to issue rulings that could impact student loan debt and college admissions 02:15 The finances of about 40 million Americans with college loans are hanging in the balance as borrowers await the Supreme Court’s ruling on the…
As inflation spiked over the last two years, almost half of Americans have taken to relying more on credit cards to make ends meet. A survey of 1,000 U.S. adults conducted by consumer website Debt.com finds 45% of Americans have been pushed by inflation to use their credit cards far more frequently. In the last…
Perth Foodbank says March this year was its busiest month on record. The 66 volunteers at Cutlog Vennel, Perth and at a sister centre in Blairgowrie fed 1171 people that month and the number of people provided with food in the financial year 22/23 was up by 2028 referrals a rise of 30 per cent…
President Joe Biden announced in 2022 that he would use executive action to forgive many government student loans. The move was meant to alleviate the weight of $1.8 trillion in federal education debt, a figure that has more than tripled in the last 15 years. But the plan faces two challenges before the Supreme Court,…
Saving to buy a home or travel overseas might feel impossible right now, as everything from rent to bread is costing us more. But financial goals aren’t just about grand plans. They can be small, achievable things, too. And experts say there’s value in having them, even when we’re just trying to keep our head…