How Biden Forgiving Another $9 Billion In Student Loan Debt Helps Close The Racial Wealth Gap – Forbes

The burden of student loan debt has reached crisis levels, disproportionately affecting students of color and amplifying the racial wealth gap. Now, President Biden’s latest step will help 125,000 borrowers by erasing $9 billion in debt through existing programs. This debt load is not distributed evenly across populations, it falls disproportionately on students of color…

Biden's new $9 billion student debt relief plan would greatly help … – afscme

Wednesday, October 18, 2023 During the COVID-19 pandemic, the Biden administration halted all federal student loan repayments. After the national COVID-19 emergency ended in March 2023, Congress passed a law preventing further extensions. As a result, payments resumed in October. For people whose student loan repayments have started up again, theres good news. Earlier this…

Mercy Health partners with RIP Medical Debt to relieve patient debt … – Mercy Health

Mercy Health and RIP Medical Debt are pleased to announce a new agreement that will help alleviate $7.22 million worth of medical debt for 4,917 area patients currently experiencing financial obligations related to health care costs. Recipients of debt abolishment for Mercy Health medical services began receiving notification by way of a RIP branded letter…

Digital debt collector counts benefits of a cost-of-living crisis – The Australian Financial Review

Oct 16, 2023 9.00am Heavily backed digital debt collection firm InDebted, which was most recently valued at just over $200 million, has bought out smaller family-owned fintech rival Reminda, in a deal that signals an end of a recent cost-cutting drive. The start-up has raised more than $70 million since 2017 from investors including Westpacs…