Jim Chalmers says two-thirds of the debt in the budget was borrowed before the start of the pandemic. Is he correct? – ABC News

The claim Both the Coalition and Labor have in the past argued that paying off Commonwealth debt is a benchmark of economic success in Australian politics. But Treasurer Josh Frydenberg recently warned Australians that his July budget update was going to contain “eye watering numbers around debt and deficit”, saying: “The coronavirus has required the…

No HELP: Uni students who fail half their subjects to lose taxpayer support – Sydney Morning Herald

Under the overhaul, a student who fails half of their first eight subjects in a degree will lose access to a government-subsidised place and HELP loans. However, higher education providers will have discretion to maintain the students’ access to funding if they can demonstrate their performance was affected by exceptional circumstances. The Department of Education,…

Opinion | Cambodian microfinance borrowers urgently need debt relief – The Brussels Times

This is an opinion article by an external contributor. The views belong to the writer. https://www.movetocambodia.com/about-cambodia/currency/ Measures announced by Cambodiasbanks and microfinance lenders to help clients who are unable to repay because of COVID-19 are grossly inadequate. Debt relief, the only realistic way to help these stricken borrowers, is now essential. This is the only…

Trump order gives 35 million student loan borrowers a break until 2021. What we know so far – CNBC

President Donald Trump signs executive orders extending coronavirus economic relief in Bedminster, New Jersey, on Aug. 8. JIM WATSON | AFP | Getty Images Trump’s executive order has already been called unconstitutional, and higher-education expert Mark Kantrowitz said he believes the president doesn’t have the legal authority to implement a payment pause and interest waiver…

Millions of Americans are worried they won’t be able to make even the minimum payments on their credit cards. Here’s what they can do – CNBC

Many Americans are struggling to meet their credit card mills during the pandemic. zenstock | iStock | Getty Images Amid one of the worst downturns in U.S. history, nearly 80% of credit card holders say they’re worried they won’t be able to continue making even the minimum payments on their debt. The figure comes from…