Washington, DC: The Executive Board of the International Monetary Fund (IMF) approved on April 1, 2021 a third tranche of grants for debt service relief for 28 member countries under the Catastrophe Containment and Relief Trust (CCRT). This approval follows two prior tranches approved on April 13, 2020 and October 2, 2020, respectively (see Press…
Climbing out of debt can feel like a nearly-impossible task with all the late fees and interest rates. The best debt relief programs can lighten your load. Our in-depth research led us to the top six debt relief programs to help you get out of debt. We factored in topics like financial guarantee, transparency and…
WASHINGTON The Biden administration entered the White House with an eye toward relieving the strain of student loan debt, particularly amid the added financial burden of the coronavirus pandemic. On day one in office, President Joe Biden signed an executive order extending a pause student federal loan payments enacted by the previous administration as part…
Dale Lending wants you to believe they are offering loans with APRs as low as 3.02%. They have begun flooding the market with debt consolidation and credit card relief offers. The problem is that the terms and conditions are at the very least confusing, and possibly even suspect. Do you really think you will be…
Dr. Miguel Cardona To support institutional advancement, the United States Department of Education issued $1.6 billion in debt relief for 45 historically Black colleges and universities (HBCUs). Funding was provided under the Coronavirus Response and Relief Supplemental Appropriations Act (CRRSAA) passed in December 2020. Chosen schools are participants of the HBCU Capital Financing Program, which…
There have been plenty of rumors regarding federal student loan forgiveness, as well as several different plans that could bring this type of plan to fruition at least for some. For example, Senate Democratic Leader Chuck Schumer (D-NY) and Senator Elizabeth Warren (D-MA) have called for President Biden to forgive $50,000 in federal student loan…
FLORENCE/NEW YORK, 1 April 2021 Around 1 in 8 countries globally spends more on debt than on social services, according to a UNICEF report released today. COVID-19 and the Looming Debt Crisis notes that 25 countries globally the majority of them already burdened by poverty and deprivation spent a higher proportion of total government expenditure…
By Robbie MeredithBBC News NI Education Correspondent image captionFoyle College moved to a new state of the art campus in the city’s Waterside in 2018 A Londonderry grammar school has asked former pupils to help pay an outstanding debt of 821,000 to the Department of Education (DE). A letter, which has been seen by BBC…
St. John’s Episcopal Church took the charitable route in celebration of Lent. Church members like Dr. Don Zorn raised $28,000 dollars to pay off medical debt for Floridians. TALLAHASSEE, Fla. (WTXL) Imagine opening your mailbox to find a letter saying your medical debt has been forgiven. Thanks to St. John’s Episcopal Church and RIP Medical…
Antnio Guterres, the UN secretary-general, is right to sound the alarm, warning of a coming debt crisis for countries in the global south (Developing world faces looming debt crisis, Report, March 29). My country, Zambia, was one of the first to default on foreign debt payments last year. However, this debt crisis did not just…