WASHINGTON (AP) — President Joe Biden is abandoning his effort to cancel student loans for more than 38 million Americans, the first step in an administration-wide plan to jettison pending regulations to prevent President-elect Donald Trump from retooling them to achieve his own aims. The White House expects to pull back unfinished rules across several…
Navicore Solutions MANALAPAN, N.J., Dec. 20, 2024 (GLOBE NEWSWIRE) — As millions of Americans face uncertainty about the future of student loan repayment programs, Navicore Solutions is stepping up to provide critical financial guidance and support. With legal challenges surrounding the Biden administration’s SAVE Plan and speculation about the future of federal student loan policies…
Biden announced $4.28 billion in student-debt cancellation for 54,900 borrowers in Public Service Loan Forgiveness. The relief is a result of the Education Department’s ongoing fixes to PSLF. President-elect Donald Trump is unlikely to continue Biden’s student-debt relief efforts. President Joe Biden announced more student-loan forgiveness with one month left until he leaves the White…
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BEIJING — Just as a single decisive move can energize a chess game, China”s latest initiative to address local government debt risks marks a crucial step in revitalizing the growth prospects of the world’s second-largest economy. The move comes as China gears up to navigate economic headwinds both at home and abroad, with a supportive…
The Australian Greens have long argued tertiary students shouldn’t pay tuition charges. This means they want to see HECS – now called HELP – abolished. But following the Albanese government’s recent plans to wipe 20% off student loans, on Monday, the Greens announced they want to the cancel all student debt. This would cost the…
Fitch Ratings indicates that the Thai government’s recent debt relief proposals are unlikely to significantly impact the credit metrics of Thai banks in 2025 due to the initiative’s limited scope. While the debt relief scheme might aid borrowers with debts up to THB 890 billion (around USD 26 billion), most of these debts are already…
(Dec 19): President-elect Donald Trump said Congress should get rid of the debt ceiling, NBC News reports citing a phone interview with him on Thursday. Getting rid of the debt ceiling entirely would be the “smartest thing [Congress] could do. I would support that entirely,” Trump said according to NBC News. Uploaded by Siow Chen Ming…
This photo taken on June 19, 2024 shows the Shenzhen-Zhongshan Link in south China’s Guangdong Province. (Xinhua/Liu Dawei) by Xinhua writer Wang Yaguang BEIJING, Dec. 20 (Xinhua) — Just as a single decisive move can energize a chess game, China’s latest initiative to address local government debt risks marks a crucial step in revitalizing the…
The Somali Embassy in Washington, D.C., hired the services of the political lobbying firm BGR Group last month, just weeks after the Biden administration forgave the war-torn nation’s billion dollar plus debt. “This $1.1 billion in debt relief is in addition to the $1.2 billion of development, economic, security, and humanitarian assistance the United States…