The federal government has rising university student fees in its sights for the next stage of its university debt overhaul, with a government source saying a one-off 20 per cent cut to debts is an interim measure. Labor has made an election promise to wipe an average of $5,500 from existing student HECS debts and…
The Albanese Labor Government will raise the minimum repayment threshold for student loans and cut repayment rates to make the repayment system fairer for all Australians with a student debt – around 3 million people. From 1 July next year, the Government will reduce the amount Australians with a student debt have to repay per…
(Nov 26): Thai banks’ non-performing loans last quarter jumped to their highest level in three years as troubled corporate and individual borrowers continued to struggle to repay debt, though the Bank of Thailand announced progress in talks with the finance ministry on relief measures. Some 2.97% of commercial banks’ outstanding loans were non-performing at the…
Three million Australians will see $3 billion wiped from their student debt after the Albanese Government passed legislation through the Parliament tonight. This legislation fixes the way indexation is calculated on student debt and will be backdated to 1 June 2023. The Universities Accord (Student Support and Other Measures) Bill 2024 caps the HELP indexation…
Thai Bad Loan Ratio Hits Three-Year High as Debt-Relief Planned Bloomberg Read the original article here
The ridiculous co-opting of American policy fads by the Albanese government continues unabated. When the government adjusted the HELP indexation rate in the May budget, Prime Minister Anthony Albanese deliberately invoked the Biden administration’s (unconstitutional) student loan forgiveness, saying “We’re wiping more than $3 billion in student debt.” Loading… Read the original article here
Thai Bad Loan Ratio Hits Three-Year High as Debt-Relief Planned Bloomberg Read the original article here
Thai Bad Loan Ratio Hits Three-Year High as Debt-Relief Planned Bloomberg Read the original article here
Mexico’s finance ministry is preparing to enlist a consortium of banks to provide financing that Petroleos Mexicanos would use to pay off debt with service providers, according to a recording of remarks made by its CEO. The state-owned oil company is coordinating with the finance ministry, which would potentially take on debt on its behalf…
Putin offers debt relief to boost ranks in Ukraine conflict MSN Read the original article here