How much student loan debt might the Biden administration cancel? Marketplace senior economics contributor Chris Farrell says people are coalescing around the idea of $10,000. Robyn Beck/AFP via Getty Images Student loan debt increased in the third quarter of 2020 by $9 billion, according to the Federal Reserve Bank of New York. That brings the…
Personal loans can help you finance most major purchases, from an engagement ring to home repairs, often at a lower interest rate than paying with a credit card. And if you’re stuck with a bunch of high-interest credit card debt, you can take out a personal loan to consolidate the balances and lower the overall…
“As long as interest rates are lower than trend growth, the cost of servicing the debt will fall as a proportion of GDP, and the debt burden will fall as growth picks up.” Bendigo and Adelaide Bank CEO Marnie Baker said the federal budget deficit and sharp rise in government debt were “both affordable and…
I AM 32 and my life is in a mess. For four years I lived with my girlfriend and we had a daughter together who is the best thing that’s ever happened to me. However, the relationship with my girlfriend has fallen apart because we argued all the time. She also saw her ex-husband behind…
Deficit hawks have been attacking the idea of student debt relief using straw men and deceptive data. The offenders include the Brookings Institution, Goldman Sachs, and the Pete Petersonspawned Committee for a Responsible Federal Budget. Here are their key arguments: First, a lot of student debt is held by relatively well-off people and those with…
Nancy Pelosi and Chuck Schumer discuss the Heroes Act in the Capitol Visitor Center on November 12 CQ-Roll Call, Inc via Getty Images In November, President-elect Joe Biden endorsed legislation that would make monthly payments to distressed borrowers with private student loan debt, and he previously expressed support for up to $10,000 in forgiveness for…
TOPSHOT – US President Donald Trump looks on during a ceremony presenting the Presidential Medal of … [+] Freedom to wrestler Dan Gable in the Oval Office of the White House in Washington, DC on December 7, 2020. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images) AFP via Getty Images…
Many Texas residents are struggling with tens of thousands of dollars in credit card debt and personal loans, made even worse due to financial problems caused by the COVID-19 pandemic. There are options to resolve overwhelming debt problems without a new loan or bankruptcy, and Debt Redemption Texas Debt Relief might be your answer. Many…
By Daniel Leussink 2 Min Read * G20 debt relief requires vigilance: U.S. Treasury Undersecretary McIntosh * Initiative has helped 46 countries defer over $5 billion in debt service payments: McIntosh * Need for extra economic aid remains: McIntosh (Adds quotes on extra economic aid) TOKYO, Dec 8 (Reuters) – Continuing vigilance is needed to…
Senate Minority Leader Chuck Schumer, Democrat of New York, holds a press briefing on Capitol Hill in Washington, DC, on November 6, 2020. Nicholas Kamm | AFP | Getty Images Senate Minority Leader Chuck Schumer, D-N.Y., has called on President-elect Joe Biden to forgive up to $50,000 for student loan borrowers. “Ahead of the new…