Students who borrowed money to pay for college are hoping for help from President Bidens debt relief program, which for now is tied up in the courts. If Bidens program is killed off by the judiciary, however, it doesnt leave student borrowers without options to reduce their debt. Here are some options that student borrowers…
A group of Democrats introduced a bill to wipe out student debt for Medicare and Social Security Disability Insurance recipients. Rep. Jamaal Bowman said Biden’s broad debt relief “does not go far enough” to help those borrowers. Social Security benefits risk being seized if a borrower falls behind on student debt payments. Loading Something is…
Image source: Getty Images If you’re struggling with a debt payback plan, this advice could help. Key points Paying back debt can be a challenge, especially if you have to decide what debts to pay first. You can solve this dilemma with a personal loan, as you can use it to consolidate your debts to…
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If youre struggling with debt and looking to avoid bankruptcy, hiring a debt settlement company can help. The best debt relief companies can work with your creditors to resolve your debt for less than what you owe, helping you become debt-free faster. However, not all debt negotiation services are created equal. Its important that you…
Debt Strategy Analysis: Borrowing is a popular way of achieving short and long-term financial goals. But, rising interest rates and loan tenures have made borrowing costly and challenging, especially for those managing multiple loans. Being debt-free may seem difficult in such a situation, but it is possible with robust financial planning and discipline. If you…
Nikiesha Barnett had knee surgery in 2006 and took unpaid leave from her job as a Georgia hospital coordinator while she was recovering. When Barnett wasnt able to keep up with the payments for the surgery, she ended up owing about $4,500. That debt lingered for almost 14 years until one day in 2020, she…
In February, the Supreme Court is slated to make a decision on President Biden’s student debt relief plan. With the administration facing an intense uphill legal battle, millions of borrowers are left wondering what’s next. In August, the White House an… Read the full article at: https://www.cnet.com/personal-finance/loans/student-debt-relief-faces-a-thorny-battle-in-the-supreme-court-according-to-this-lawyer/
Senior officials from Eastern and Southern Africa have received hands-on training to manage their public debt using the Commonwealths new debt management system. The Commonwealth Secretariat facilitated the training in Mozambique from 12 to 16 December in partnership with the Macroeconomic and Financial Management Institute for Eastern and Southern Africa to equip 25 officials from…
Student loan borrowers hold a collective $1.6 trillion in debt. While the debt, at one point, was a tool used to afford a college degree, many borrowers find it harder than previously expected to pay back the money. Student loan debt has become such an issue that the Biden Administration has been attempting to cancel…