#debt-relief
#debt-relief

The uncertain future of Biden's student loan repayment plan, explained

Federal judges have put an injunction on President Biden's student loan repayment program, causing uncertainty for millions of borrowers.

Hundreds of student-loan borrowers who applied for debt cancellation are being denied relief by a major lender, over 20 Democratic lawmakers say

Sen. Warren and colleagues demand investigation into Navient for allegedly denying debt relief to defrauded borrowers.

fromInside Higher Ed | Higher Education News, Events and Jobs

Grace period for student loan payments ends

The end of the grace period for federal student loan borrowers may lead to increased default rates, compounding financial stress for millions.

fromInside Higher Ed | Higher Education News, Events and Jobs

Federal appeals court halts Biden's SAVE plan

A federal appeals court blocked Biden administration's new income-driven student loan repayment plan, causing uncertainty for over eight million borrowers.

fromABC7 San Francisco

3 million student loan borrowers to be placed in payment pause

3 million student loan borrowers to have payments paused similar to pandemic-era moratorium due to legal challenges against Biden's student loan policy.

US politics

2 months ago

A new court ruling leaves 8 million student-loan borrowers enrolled in Biden's repayment plan blocked from cheaper payments

Biden's SAVE student-loan repayment plan is blocked, leaving millions of borrowers in limbo regarding payments and debt relief.

US news

fromWashington Post

The uncertain future of Biden's student loan repayment plan, explained

Federal judges have put an injunction on President Biden's student loan repayment program, causing uncertainty for millions of borrowers.

Hundreds of student-loan borrowers who applied for debt cancellation are being denied relief by a major lender, over 20 Democratic lawmakers say

Sen. Warren and colleagues demand investigation into Navient for allegedly denying debt relief to defrauded borrowers.

fromInside Higher Ed | Higher Education News, Events and Jobs

Grace period for student loan payments ends

The end of the grace period for federal student loan borrowers may lead to increased default rates, compounding financial stress for millions.

fromInside Higher Ed | Higher Education News, Events and Jobs

Federal appeals court halts Biden's SAVE plan

A federal appeals court blocked Biden administration's new income-driven student loan repayment plan, causing uncertainty for over eight million borrowers.

fromABC7 San Francisco

3 million student loan borrowers to be placed in payment pause

3 million student loan borrowers to have payments paused similar to pandemic-era moratorium due to legal challenges against Biden's student loan policy.

more#student-loans

fromwww.nytimes.com

2 days ago

US news

Saudi Arabia and Qatar to Pay Off Syria's Debt to the World Bank

Saudi Arabia and Qatar's payment of Syria's World Bank debt may facilitate vital reconstruction aid.

Major deal wipes out $30 billion in medical debt. Even backers say it's not enough

Massive debt relief for 20 million Americans highlights a deep-rooted crisis in medical financing.

Brooklyn

fromBKReader

Thousands of New Yorkers Will Have Their Medical Debt Wiped Out

New York City is erasing $80 million in medical debt for 35,000 residents as part of a groundbreaking initiative.

US news

fromwww.npr.org

3 weeks ago

Major deal wipes out $30 billion in medical debt. Even backers say it's not enough

Massive debt relief for 20 million Americans highlights a deep-rooted crisis in medical financing.

Brooklyn

fromBKReader

#student-loan-forgiveness

Thousands of New Yorkers Will Have Their Medical Debt Wiped Out

New York City is erasing $80 million in medical debt for 35,000 residents as part of a groundbreaking initiative.

Why Michael Sheen used $130,000 of his own money to buy $1.2m worth of debt owed by people in his hometown

Michael Sheen highlights the issue of credit debt by using his own money to pay off his neighbors' debts.

54,900 student-loan borrowers are getting $4.28 billion in debt wiped out a month before Trump takes office

Biden announced $4.28 billion in student-debt cancellation for 54,900 borrowers as part of Public Service Loan Forgiveness improvements.

Biden cancels another $4.2bn in US student loans before leaving office

Biden's administration has forgiven $180 billion in student loans, aiding nearly five million Americans, mainly public service workers.

fromSacramento Bee

Court halts Biden's student loan repayment plan. How this affects California borrowers

Federal appeals court halted Biden's student loan repayment plan, SAVE, temporarily, leading to uncertainty for borrowers.

A Gen Xer got $110,000 in student loans forgiven after he'd paid off more than he borrowed. It's allowed him to scrap his plans to work part time in retirement.

Student loan forgiveness can provide unexpected financial relief, opening opportunities for savings and retirement planning.

fromwww.nytimes.com

Left-wing politics

Biden's Push to Cancel Student Debt Surpasses 5 Million Borrowers

The Biden administration has forgiven over $183 billion in student loans, helping more than five million borrowers.

Law

60,000 student-loan borrowers in public service are getting $4.5 billion in debt cancellation while Biden's broader relief remains blocked in court

Biden's administration announced $4.5 billion in student-debt cancellation for 60,000 public service workers, improving the Public Service Loan Forgiveness program.

54,900 student-loan borrowers are getting $4.28 billion in debt wiped out a month before Trump takes office

Biden announced $4.28 billion in student-debt cancellation for 54,900 borrowers as part of Public Service Loan Forgiveness improvements.

Biden cancels another $4.2bn in US student loans before leaving office

Biden's administration has forgiven $180 billion in student loans, aiding nearly five million Americans, mainly public service workers.

fromSacramento Bee

Court halts Biden's student loan repayment plan. How this affects California borrowers

Federal appeals court halted Biden's student loan repayment plan, SAVE, temporarily, leading to uncertainty for borrowers.

A Gen Xer got $110,000 in student loans forgiven after he'd paid off more than he borrowed. It's allowed him to scrap his plans to work part time in retirement.

Student loan forgiveness can provide unexpected financial relief, opening opportunities for savings and retirement planning.

fromwww.nytimes.com

Left-wing politics

Biden's Push to Cancel Student Debt Surpasses 5 Million Borrowers

The Biden administration has forgiven over $183 billion in student loans, helping more than five million borrowers.

more#student-loan-forgiveness

Law

60,000 student-loan borrowers in public service are getting $4.5 billion in debt cancellation while Biden's broader relief remains blocked in court

Biden's administration announced $4.5 billion in student-debt cancellation for 60,000 public service workers, improving the Public Service Loan Forgiveness program.

fromSFGATE

SF real estate

Socialite Candice Miller Auctioning Off Belongings From $15 Million Mansion in Fire Sale-After Husband Killed Himself Amid $34 Million Debt Crisis

Candice Miller is auctioning items to alleviate debt following her husband Brandon Miller's suicide amidst financial turmoil.

It's time to tax fossil fuels and shipped goods to fund climate resilience

Climate-stricken regions are sinking into debt, and financing loss and damage through international levies could provide necessary support.

#sustainable-development

fromeuronews

Miscellaneous

'Finance Day' at COP29 galvanises debate about numbers

Small Island Developing States demand a reformed climate financing system that alleviates rather than increases their debt burden.

Business

Huge benefits' in greater debt relief for lower income countries, study finds

Lowering debt payments for poor countries could enhance education and health outcomes significantly.

fromeuronews

'Finance Day' at COP29 galvanises debate about numbers

Small Island Developing States demand a reformed climate financing system that alleviates rather than increases their debt burden.

more#sustainable-development

Business

Huge benefits' in greater debt relief for lower income countries, study finds

Lowering debt payments for poor countries could enhance education and health outcomes significantly.

Business

US cancels $1.1bn of Somalia's debt in historic' financial agreement

US cancels $1.1bn in Somali debt, marking a significant step in the country's economic recovery and efforts to alleviate sustainable debt burdens.

#economic-impact

Developing countries face worst debt crisis in history, study shows

Developing countries are facing a severe debt crisis, with a significant portion of their budgets allocated to debt servicing.

fromIrish Independent

Miscellaneous

Publican secures 50m debt deal from High Court

John Gaffney's €54.6 million debt is largely written off, allowing him to keep his home under personal insolvency legislation.

Developing countries face worst debt crisis in history, study shows

Developing countries are facing a severe debt crisis, with a significant portion of their budgets allocated to debt servicing.

fromIrish Independent

Miscellaneous

Publican secures 50m debt deal from High Court

John Gaffney's €54.6 million debt is largely written off, allowing him to keep his home under personal insolvency legislation.

more#economic-impact

How can we help stop deadly drug-resistant infections spreading? Debt relief | Glenda Gray

Antimicrobial resistance is projected to cause a drastic increase in deaths by 2050, necessitating substantial global funding and debt relief.

fromwww.dw.com

IMF chief: 'Africa deserves to be represented more fairly' DW 10/09/2024

The IMF is committed to increasing Africa's representation and addressing its debt crisis through liquidity support, debt restructuring, and growth promotion.

fromABC7 San Francisco

Biden's student loan cancellation free to move forward as court order expires

Temporary legal victory for Biden's student loan cancellation after Georgia judge's ruling.

Biden's plan could potentially relieve debt for about 30 million borrowers soon.

#federal-reserve

fromwww.cnbc.com

Business

5 top money moves to consider before the Federal Reserve's first rate cut since 2020

An interest rate cut is likely coming soon, offering potential relief to consumers facing high interest charges.

fromAxios

Business

Fed interest rate cut means borrowing money will get cheaper for customers

The Federal Reserve's upcoming interest rate cut aims to alleviate financial pressure on consumers facing high prices and borrowing costs.

fromwww.cnbc.com

Business

5 top money moves to consider before the Federal Reserve's first rate cut since 2020

An interest rate cut is likely coming soon, offering potential relief to consumers facing high interest charges.

fromAxios

Business

Fed interest rate cut means borrowing money will get cheaper for customers

The Federal Reserve's upcoming interest rate cut aims to alleviate financial pressure on consumers facing high prices and borrowing costs.

more#federal-reserve

fromwww.npr.org

Health

These factory workers were swamped by medical debt. Then their employer stepped in

PhiferCares Clinic provides free health care to employees, significantly reducing health care costs and debt.

#student-debt

11 months ago

Biden cancels $7.7bn more in student debt for 160,000 borrowers

President Biden announces cancellation of $7.7bn in student debt for 160,000 borrowers, bringing total beneficiaries to 4.75 million.

Privacy professionals

Americans over 60 are the fastest growing group of student debtors. That's awful | Gail Gardner

Older Americans are increasingly burdened by student debt, prompting urgent calls for policy change and assistance from the government.

fromTruthout

1 year ago

Left-wing politics

Biden Must Recognize All Student Debt as Hardship. It's the Key Step to Relief.

Debt relief requires proof of 'hardship,' despite the debt itself being viewed as a hardship.

11 months ago

Biden cancels $7.7bn more in student debt for 160,000 borrowers

President Biden announces cancellation of $7.7bn in student debt for 160,000 borrowers, bringing total beneficiaries to 4.75 million.

Privacy professionals

Americans over 60 are the fastest growing group of student debtors. That's awful | Gail Gardner

Older Americans are increasingly burdened by student debt, prompting urgent calls for policy change and assistance from the government.

fromTruthout

1 year ago

Left-wing politics

Biden Must Recognize All Student Debt as Hardship. It's the Key Step to Relief.

Debt relief requires proof of 'hardship,' despite the debt itself being viewed as a hardship.

more#student-debt

#student-loan-borrowers

Law

Student-loan borrowers can likely count on more debt cancellation if Kamala Harris wins the presidency

Vice President Kamala Harris is a leading candidate for the Democratic presidential nomination and has a strong track record of supporting student-loan borrowers.

Law

Millions of student-loan borrowers should be on the lookout for an email update on Biden's broader debt cancellation plan. They might need to take action.

The Education Department is informing student-loan borrowers about its debt relief plan and the opt-out deadline.

Law

Student-loan borrowers can likely count on more debt cancellation if Kamala Harris wins the presidency

Vice President Kamala Harris is a leading candidate for the Democratic presidential nomination and has a strong track record of supporting student-loan borrowers.