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…
Victorians struggling to pay gas and electricity bills will be entitled to more help to help prevent debt and disconnection, under new rules for energy retailers. Flexible payment options, lower tariffs and a six-month debt payment hold for people who have missed paying their energy bills are part of changes announced by the Essential Services…
The notion of companies helping employees pay off their student loans has been hailed by experts, the media (including this outlet) and policy makers as the next 401(k). But glitches in the way student loan companies process and apply the payments could be standing in the way of the perk becoming more ubiquitous. Mounting concern…
opinion By Henry Boyo Barely eleven years ago, Nigeria was compelled by pressure, from International creditors, particularly the London and Paris club, to ‘voluntarily’ part with almost $12.4bn allegedly owed, so that another $18bn debt could be written off, from the country’s total external debt of about $30bn. Notably, the debt write-off was, primarily, the…
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…
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…
Sian Griffiths Drew Povey, star of the reality TV series, has tripled the GCSE pass rate at Harrop Fold SchoolJOHN CATT EDUCATIONAL He was the naughtiest boy at school and could easily have gone off the rails. But Drew Povey, the head teacher who stars in the reality TV series Educating Greater Manchester, has transformed…
The number of people seeking help for debt in Cornwall is on the rise with more households struggling to pay basic bills such as water and council tax. Cornwall Citizens Advice Bureau (CAB) said that debt was the single biggest issue that people go to it for advice for, with 34 per cent of all…
Tesla ( TSLA ) Chief Executive Elon Musk and President Trump disagree on climate change, but both businessmen say Puerto Rico needs a lot of help amid Hurricane Maria’s devastation of the island territory. Musk, also the CEO of SpaceX, has offered to come to Puerto Rico’s rescue with solar-energy technology, via Tesla’s Solar City unit.…
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…