Amy Jolliffe’s desperation at her ballooning HECS-HELP debt of $64,000, more than twice the average of $26,494, is emblematic of the growing helplessness felt by many graduates years after they’ve left university. High inflation has meant the annual indexation 7.1 per cent last year is growing their debt faster than they can pay it off.…
April 18, 2024 PARTICIPANTS: JIHAD AZOURDirector of Middle East and Central Asia Department International Monetary Fund ANGHAM ALSHAMICommunications Officer International Monetary Fund * * * * * MS. ALSHAMI: Good morning. Good afternoon. Thank you for joining us today on the Regional Economic Outlook for the Middle east and Central Asia. I’m Angham Alshami from…
Apr 19, 2024 12.39pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Sydney couple Sam Peppou-Chapman and Mina Askovich have a choice to make. Fortunately for the pair, they have been offered support from the Bank of Mum and Dad, but…
A credit card hardship program could be a smart way to get temporary relief from your high-interest debts, but there are other options to consider, too. Getty Images Right now, many people are finding themselves in a precarious financial position as they struggle to keep up with their high-interest credit card debt. And, much of…
The prime minister, Anthony Albanese, has suggested the government is looking to reduce the rate of student debt indexation in response to debts growing by more than 4% this year. Albanese said on Thursday that theres a range of areas we need to do much better for the younger generation and Hecs is one of…
The 2nd Meeting of the Commonwealth Small States Advocacy Champions convened today in Washington DC on the sidelines of the International Monetary Fund (IMF) and the World Bank Spring meetings. Chaired by Hon. Camillo Gonsalves, Minister of Finance, Economic Planning and Information Technology, St Vincent and the Grenadines and attended by prominent ministers and high-level officials, the…
So weighed down have Americans become by student debt, and so potent a political issue has it become in the US, that President Joe Biden plans to waive interest or write off money owing by 30 million of them. He is doing it bit by bit, in the face of resistance from the US Supreme Court. He has…
So weighed down have Americans become by student debt, and so potent a political issue has it become in the US, that President Biden plans to waive interest or write off money owing by 30 million of them. He is doing it bit by bit, in the face of resistance from the US Supreme Court.…
This story was originally published by Chalkbeat. Sign up for their newsletters at ckbe.at/newsletters Sign up for our free monthly newsletter Beyond High School to get the latest news about college and career paths for Colorados high school grads. President Joe Bidens first attempt to provide widespread relief from student loan debt failed, but now…
President Joe Biden once again is trying to deliver widespread student debt forgiveness, with a new plan unveiled on Monday that could help about 30 million borrowers erase some or all of their college loans. The latest attempt at broad debt relief comes less than a year after the Supreme Court blocked Biden’s previous attempt…