STRUGGLING Brits in debt could save thousands of pounds in fees under new rules. The Financial Conduct Authority (FCA) is banning debt packager firms from receiving referral fees from debt solution providers. Struggling Brits could save thousands of pounds thanks to a ban on debt packager referral feesCredit: Getty The move is expected to save struggling…
Federal Education Minister Jason Clare has left the door open for changes to how HECS-HELP debts are paid back, including how indexation is applied to the original debt. Key points: The education minister says he is open to changing how HECS debts are indexed Indexation of 7.1 per cent has added $1,775 to the average $25,000 HECS-HELP debt Under the…
{“menuItems”:[{“label”:”Quick summary”,”anchorName”:”#quick-summary”},{“label”:”Student loans Australia”,”anchorName”:”#student-loans-australia”},{“label”:”HECS indexation”,”anchorName”:”#hecs-indexation”},{“label”:”Analysis based on potential indexation rate figures”,”anchorName”:”#analysis-based-on-potential-indexation-rate-figures”}]} Quick summary The average HECS debt was $24,771 in the 20212022 fiscal year, according to ATO figures, up from $23,280 in 201920. The 2023 HELP debt indexation of 7.1% is the highest on record in over a decade, up from 3.9% in 2022 and…
WASHINGTON, D.C. The U.S. Senate passed a joint resolution to overturn President Bidens student loan debt relief plan on Thursday in a vote of 52 to 46. >>> STREAM CHANNEL 9 EYEWITNESS NEWS LIVE <<< This comes after the House passed the measure last month. Even with the majority of both chambers voting to repeal…
Australian graduates face a multimillion-dollar markup on university debts that they have already discharged because of a timing quirk in the processing of repayments. Former students are required to pay off their Higher Education Loan Programme (Help) debts through a top-up to their tax, which is typically collected by their employers each pay period and…
Disclaimer: This is sponsored content. All opinions and views are of the advertiser, and does not reflect the same of TMJ4. Dealing with credit card debt can be challenging, but there are effective ways to manage it. Credit card debt consolidation is a popular option for those seeking to reduce their debt and make it…
House Speaker Kevin McCarthy, R-Calif., arrives at the U.S. Capitol on May 31, 2023. Sarah Silbiger | Bloomberg | Getty Images Borrowers, advocates and progressives don’t want to see the payment pause on student loans come to an end. But that is a part of the debt-ceiling deal, which could be voted on and approved…
From 1h ago The House of Representatives has started its debate ahead of the chambers final vote on the debt ceiling bill. We will be bringing you all the latest details. Senate minority leader Mitch McConnell echoed similar sentiments alongside Senate majority leader Chuck Schumer, saying that he will support the debt ceiling bill once…
WASHINGTON The Senate today narrowly voted to block congressional student debt relief in the Congressional Review Act. Invoking the CRA also threatens a promise owed to our nations public service employees through the Public Service Loan Forgiveness program. Since 2021, more than 615,000 educators and public service workers have received PSLF, equating to more than…
House Democratic leaders are preparing their members to provide votes to push a bill to suspend the debt ceiling and limit federal spending past a critical procedural hurdle Wednesday afternoon, as lawmakers work toward enacting a deal to avert a U.S. government default. Democratic leaders have telegraphed to several lawmakers in the last several hours…