President Joe Biden has just taken another broad swipe at student debt, recently announcing an array of policies that will reduce or eliminate student debt for millions of borrowers. Spreading the word at three separate events on April 8, Biden, Vice President Kamala Harris and Education Secretary Miguel Cardona sat down with AFT members and…
From Philly and the Pa. suburbs to South Jersey and Delaware, what would you like WHYY News to cover? Let us know! Philadelphia social worker Kelly Monique Gray wept as she shared what it meant for her student loans to be forgiven. Gray shared her experience during a roundtable discussion in North Philadelphias Fairhill neighborhood.…
President Joe Biden said on Monday at an event in Madison, Wisconsin, that his latest efforts to reduce or eliminate student debt would be a boon to the US economy. Mr Biden said his administrations newest initiatives are an outgrowth of his promise to find alternative paths to reduce student debt loads that have become…
Credit card debt relief can work for the right person, but it may not be the best fit for every borrower. Cavan Images Today’s high interest rate environment is making borrowing money expensive, and while there could be rate cuts later this year, it’s looking less likely right now. Not only has inflation remained persistent, but…
A nonprofit group called R.I.P. Medical Debt has relieved Americans of $11 billion in hospital bills. But that did not improve their mental health or their credit scores, a study found. Over the past decade, R.I.P. Medical Debt has grown from a tiny nonprofit group that received less than $3,000 in donations to a multimillion-dollar…
Higher education financing allows many Americans from lower- and middle-income backgrounds to invest in education. However, over the past 30 years, college tuition prices have increased faster than median incomes, leaving many Americans with large amounts of student debt that they struggle or are unable to, pay off. Recognizing the burden of this debt, the…
Officials said that 10 million borrowers could see debt relief of at least $5,000. The plan, set to be announced in Wisconsin, could help rally support among young voters. President Biden on Monday plans to announce a large-scale effort to help pay off student loans for tens of millions of American borrowers in Wisconsin, seeking…
The indexation of student debt is arguably the federal governments biggest political problem when it comes to universities. Last June, student debt balances increased by 7.1%, the highest rate in decades. While HELP loans do not attract interest, they are indexed to inflation as measured by the Consumer Price Index (CPI). When inflation remained low,…
By using debt relief services this month you can finally start working toward erasing your debt. Getty Images In an economy still coping with (cooled) but stubborn inflation and the highest interest rates in decades, many Americans may be looking for ways to reduce their debt right now. While this concern can be significant at…
Ive written about personal finance for over a decade, covering everything from budgeting to 401(k)s. So, I know a good amount about how to manage your money. Yet despite that, Ive been in a significant amount of debt twice. And for the longest time, I felt ashamed about this. Wasnt I supposed to know better?…