How Do We Solve the US Student Debt Problem? Kevin Fudge of American Student Assistance Shares Resources … – EdTech Times

According to Life Delayed, a report issued by American Student Assistance (ASA), The average amount paid for a mortgage, student loans, and credit card debts equals $1,670.12, or 44.2% of the average college graduates take home pay8.2% higher than the maximum debt-to-income ratio required to qualify for a typical home mortgage, and with no room…

Wolfgang Schäuble warns of new, debt-fuelled global financial crisis – The Australian Financial Review

by Guy Chazan Wolfgang Schäuble has warned that spiralling levels of global debt and liquidity present a major risk to the world economy, in his parting shot as Germany’s finance minister. In an interview with the Financial Times, the Europhile who has steered one of the world’s largest economies for the past eight years said there…

Five things senators (and everyone else) should know about changes to HELP debts – The Conversation AU

Parliament will resume on October 16, when the Senate will consider the governments proposed changes to higher education. There has been a lot of discussion about many of the changes, but little about the impact of the proposed change to HELP repayments. Here are five things Senators should know. 1. The HELP repayment threshold will…

Five MILLION have credit card debts they can’t repay as City watchdog warns lender must do more to help – The Sun

FIVE million consumers are struggling to pay their credit card debts, the chief of the City watchdog has warned. Financial Conduct Authority (FCA) boss Andrew Bailey slammed lenders for not doing enough to help those customers “with persistent credit debt.” Getty – Contributor Five million people are struggling to deal with their credit card debt…