Clearing the debts of the poor reduces their anxiety and helps them focus better, possibly reducing the chances that they will make bad decisions which keep them mired in poverty. This was a key finding of the first local study on how debt affects the poor, which was presented at a conference yesterday. But before…
Greek Prime Minister Alexis Tsipras has rejected the idea of more austerity measures and called for debt relief for Athens. It comes as the European Commission said Greece’s fiscal performance was better than expected last year. Economic progress has been a sticking point in bailout talks, which have dragged on for months. The European Union…
By Reuters Published: 01:17 EST, 22 April 2016 | Updated: 01:17 EST, 22 April 2016 ATHENS, April 21 (Reuters) – Greek Prime Minister Alexis Tsipras on Thursday rejected the idea of more austerity measures and called for debt relief instead after the European Commission said Greece’s fiscal performance was better than expected last year. Economic…
The Greek economy is just one step away from a recovery but needs debt relief, not further austerity, to cross the finish line, Greek prime minister Alexis Tspiras has told Euronews. Pointing out that his governments economic perfomance has defied the critics, he said the economy is on the final bend and needs a boost…
As presidential candidates and pundits search for ways to curb student debt nationally, officials at one college are experimenting with a program to make a dent in the problem by helping to pay off the loans of its graduates. Washington College, a small liberal arts school in Chestertown, Md., run by Sheila Bair, former chair…
The decision to extend student loans to vocational education and training will cause student debt to reach a staggering $11.1bn a year by 2025-26, a new report from the Parliamentary Budget Office (PBO) has shown. Related: Australian universities warn parties education policy chaos is harming students In April the PBO released figures that show the…
Student debt in the U.S. is reaching new heights. In 2015, student loan debt was $1.2 trillion, compared to $0.2 trillion in 2003, reports the Centre for Retirement Research at Boston College. Further, U.S. student loan debt now accounts for more than 30% of total household non-mortgage debt, surpassing credit card debt in 2011, notes the study. U.S. grads…
Dear Harlan: My boyfriend and I have been dating since the end of freshman year, and now were both about to graduate. He received a major scholarship to an expensive school that happened to be one of my top choices before he was even thinking of going there. I would love to go there for…
As a financial journalist for about 20 years, I can tell you that one of the best games in town for debt counseling is the National Foundation for Credit Counseling. (NFCC) The 55-year-old organization is a nonprofit that gives free, one-on-one counseling on credit and debt issues, including student loans, credit cards, housing related debt,…
Washington College. (Courtesy of Washington College) Before the class of 2016 receives diplomas from Washington College this May, the liberal arts school in Chestertown, Md., will give them a memorable graduation gift: money to pay off student debt. All graduating seniors who took out federal student loans this semester will receive a grant from the college to repay…