Articles for Loan Debt

7 ways a Trump administration could affect your finances
1 month, 1 week ago

7 ways a Trump administration could affect your finances

CNN  

CNN — President-elect Donald Trump promised Americans he’d bring down consumer prices, make health care more affordable and protect Social Security. “He will deliver.” Taxes The Trump administration is expected to focus on extending tax cuts introduced by the Tax Cuts and Jobs Act that are set to expire in 2025. Extending Trump’s 2017 tax cuts would lower taxes by …

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I owe £84,000 in university tuition fees – and that’s before it goes up
1 month, 2 weeks ago

I owe £84,000 in university tuition fees – and that’s before it goes up

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. This week, Keir Starmer decided to …

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Crop loan waiver biggest betrayal of Telangana farmers: KTR
4 months, 1 week ago

Crop loan waiver biggest betrayal of Telangana farmers: KTR

The Hindu  

The crop loan waiver scheme implemented by the Congress Government in the State is the biggest-ever betrayal of farmers in Telangana as it is extended only to 46% of ryots who have outstanding debt with banks and cooperative societies. Rama Rao said that the government had winded up loan waiver by writing off debt of ₹17,934 crore, up to ₹2 …

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PFC independent directors raise concerns over ₹ 20,000-cr loan plan for SP Group
4 months, 2 weeks ago

PFC independent directors raise concerns over ₹ 20,000-cr loan plan for SP Group

Live Mint  

Mumbai: All three independent directors of state-run Power Finance Corporation have raised concerns over a proposal to extend a ₹20,000-crore loan to the Shapoorji Pallonji Group, two persons aware of the matter said on condition of anonymity. The three independent directors on the board have questioned the rationale behind giving the loan to SP Group’s main investment vehicle Sterling Investment …

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Has the IAS failed the nation? D. Subbarao shares his views
7 months ago

Has the IAS failed the nation? D. Subbarao shares his views

Deccan Chronicle  

Can anyone compress a whole lifetime, especially a busy and eventful one, into a single book? Today if a chief minister were to say that, she is likely to be booed.” The former Indian Administrative Service officer turned central banker has lived an astonishingly successful life, coming out of a mofussil town in the Andhra heartland to become one of …

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$6.1 billion in student loan debt canceled for enrollees at for-profit Art Institutes
7 months, 2 weeks ago

$6.1 billion in student loan debt canceled for enrollees at for-profit Art Institutes

LA Times  

People walk past the Art Institute of Philadelphia in 2015. The Biden administration on Wednesday said it will cancel $6 billion in student loans for people who attended the Art Institutes, a system of for-profit colleges that closed in 2023 amid accusations of fraud. On Wednesday, the Biden administration announced that it was canceling $6.1 billion in student loan debt …

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Biden cancels ANOTHER $7.4 BILLION in student loan debt: President has now erased $153 billion for 4.3 million Americans in scheme ripped by critics as a bid to 'buy votes'
8 months, 1 week ago

Biden cancels ANOTHER $7.4 BILLION in student loan debt: President has now erased $153 billion for 4.3 million Americans in scheme ripped by critics as a bid to 'buy votes'

Daily Mail  

Latest effort brings number of borrowers to have debt wiped to 4.3 million Debt is being wiped out for borrowers enrolled in the SAVE plan, Income-Driven Repayment plan and Public Service Loan Forgiveness plan The White House has announced it is wiping out another $7.4 billion in student loan debt for 277,000 borrowers, bringing the total canceled by the Biden …

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The 18 states suing the Biden administration over student loan debt
8 months, 1 week ago

The 18 states suing the Biden administration over student loan debt

Daily Mail  

Eighteen Republican led states are attempting to block President Biden's student loan forgiveness effort to cancel billions in student loan debt. The lawsuit comes after eleven other states led by Kansas recently filed another lawsuit against the Biden administration over the program that began forgiving student loan debt earlier this year. While states are challenging the SAVE program, the Biden …

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REVEALED: The 18 states suing the Biden administration over bid to cancel BILLIONS in student debt... as president pushes latest bid despite legal concerns
8 months, 1 week ago

REVEALED: The 18 states suing the Biden administration over bid to cancel BILLIONS in student debt... as president pushes latest bid despite legal concerns

Daily Mail  

Eighteen Republican led states are attempting to block President Biden's student loan forgiveness effort to cancel billions in student loan debt. The lawsuit comes after eleven other states led by Kansas recently filed another lawsuit against the Biden administration over the program that began forgiving student loan debt earlier this year. President Biden at an event to address student loan …

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Personal Loan Transfer: Is it possible to transfer the debt to another person?
8 months, 2 weeks ago

Personal Loan Transfer: Is it possible to transfer the debt to another person?

Live Mint  

Personal Loan Transfer: Transferring a personal loan directly to another individual is not feasible. Debt consolidation loan : You can consider a debt consolidation loan to merge your current personal loan and other debts into one loan with a possibly reduced interest rate. : You can consider a debt consolidation loan to merge your current personal loan and other debts …

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Biden's massive bid to wipe student loan debt for 30 MILLION Americans: President plans to cancel unpaid interest for 23 million borrowers and erase all costs for four million who have been paying for
8 months, 2 weeks ago

Biden's massive bid to wipe student loan debt for 30 MILLION Americans: President plans to cancel unpaid interest for 23 million borrowers and erase all costs for four million who have been paying for

Daily Mail  

Goal is for the administration to start canceling debt under the plans this fall Plan includes debt cancelation for undergraduates who entered repayment 20 or more years ago and graduate students who entered repayment 25 years ago Borrowers could see up to $20,000 in unpaid student loan interest erased The Biden administration unveiled its latest effort to cancel millions in …

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Biden promotes ‘life-changing’ student loan relief in Wisconsin as he rallies younger voters
8 months, 2 weeks ago

Biden promotes ‘life-changing’ student loan relief in Wisconsin as he rallies younger voters

Associated Press  

MADISON, Wis. — President Joe Biden said Monday that more than 30 million borrowers would see “life-changing” relief from his new plan to ease their student loan debt burdens, a fresh attempt by the Democratic president to follow through on a campaign pledge that could buoy his standing with younger voters. Republicans said Biden’s plan shifts the financial burden of …

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Granderson: Biden tries to forgive student loans as costs surge
8 months, 2 weeks ago

Granderson: Biden tries to forgive student loans as costs surge

LA Times  

Sure, Nashville is lovely. Last summer, the Supreme Court ruled that he couldn’t use the HEROES Act — passed after 9/11, just as the Iraq War was escalating — to forgive federal student loan debt for roughly 20 million borrowers. However, the most prevalent response to Biden’s attempt to forgive student loan debt is summed up in this quote from …

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Why now is a crucial time to pay off credit card debt
10 months, 2 weeks ago

Why now is a crucial time to pay off credit card debt

Associated Press  

NEW YORK — For Americans who lacked savings prior to the pandemic, financial stress is rising. A combination of inflation, increased interest rates, and the end of pandemic-tied relief, such as the moratorium on student loan payments, has led to record credit card debt, experts say. The New York Fed’s report found that 6.4% of credit card debt was delinquent …

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Joe Biden forgives $5 billion in student loan debt ahead of presidential election
11 months ago

Joe Biden forgives $5 billion in student loan debt ahead of presidential election

India Today  

US President Joe Biden on Friday announced student debt cancellation of nearly $5 billion for an additional 74,000 borrowers, including more than half who earned forgiveness after 10 years of public service as teachers, nurses and firefighters. Education Secretary Miguel Cardona said the department was moving "full speed ahead" with efforts to deliver even greater debt relief for more borrowers …

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How to manage holiday spending when you’re dealing with student loan debt
1 year ago

How to manage holiday spending when you’re dealing with student loan debt

Associated Press  

NEW YORK — For Nicole Plauché and her family, Christmas is the time of the year where they can use their preferred love language: gift giving. Because all of her money is going to necessities and paying back her student loans, Johnson hasn’t been able to spend as much on gifts as in previous years. “I’ve mostly been trying to …

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Borrowers reassess their budgets as student loan payments resume after pandemic
1 year, 2 months ago

Borrowers reassess their budgets as student loan payments resume after pandemic

Live Mint  

Millions of Americans must start repaying their federal student loans again in October, with monthly payments averaging hundreds of dollars. “If they were forgiven out of the blue, I'd be ecstatic.” The Supreme Court in July rejected a plan by President Joe Biden's administration to wipe away $400 billion in student loan debt. On an earnings call last month, the …

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Why is the Biden administration forgiving student debt?
1 year, 2 months ago

Why is the Biden administration forgiving student debt?

Al Jazeera  

US President Joe Biden has announced a new round of federal student loan forgiveness to address the “unsustainable debt” that borrowers accumulate to complete their college education. Student loan repayments restarted this month after being frozen since the COVID pandemic, and the Biden administration has adjusted earlier proposals that were rejected, to help relieve student debt. “It is unconscionable that, …

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Have student loans? These employers will help you pay them off
1 year, 5 months ago

Have student loans? These employers will help you pay them off

LA Times  

Now that the Supreme Court has struck down President Biden’s loan forgiveness plan, more companies are looking to offer student debt repayment as a benefit. “Now I have two young children, so any extra savings we have … we just funnel back to our kids and their futures.” Santa Clara tech giant Nvidia started offering a student loan repayment program …

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VP Kamala Harris says the Supreme Court took rights from the people of America
1 year, 5 months ago

VP Kamala Harris says the Supreme Court took rights from the people of America

NPR  

VP Kamala Harris says the Supreme Court took rights from the people of America Enlarge this image toggle caption Abdul Aziz for NPR Abdul Aziz for NPR Onstage this weekend, there was Lauryn Hill, Missy Elliott, Megan Thee Stallion. Enlarge this image toggle caption Abdul Aziz for NPR Abdul Aziz for NPR "This is a serious moment and fundamental issues …

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US: Biden reveals new strategy for students as court rejects his plan to wipe away $400 billion loan debt
1 year, 5 months ago

US: Biden reveals new strategy for students as court rejects his plan to wipe away $400 billion loan debt

India TV News  

President Joe Biden, who has been witnessing back-to-back blows in the education department, again suffered a major disappointment after the Supreme Court struck down his USD 400 billion student loan forgiveness plan. While speaking to reporters following the court's decision, he said his administration had already begun the process of working under the authority of the Higher Education Act of …

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Biden condemns Supreme Court decision on student loans, to unveil new action
1 year, 5 months ago

Biden condemns Supreme Court decision on student loans, to unveil new action

Firstpost  

President Joe Biden on Friday condemned a ruling by the Supreme Court that blocked his plan to cancel $430 billion in student loan debt and a White House source said he would announce new actions to protect student loan holders later in the day. “The president will make clear he’s not done fighting yet, and will announce new actions to …

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Supreme Court strikes down Biden’s plan to cancel student loan debts
1 year, 5 months ago

Supreme Court strikes down Biden’s plan to cancel student loan debts

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The US Supreme Court has struck down president Joe Biden’s …

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Biden blames GOP for student loan ruling as 2024 political consequences loom
1 year, 5 months ago

Biden blames GOP for student loan ruling as 2024 political consequences loom

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy President Joe Biden insisted Friday that “this fight is not …

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