Category Archives: Debt Help

Biden, in likely last round of student debt forgiveness before leaving office, cancels $4.28 billion worth for 55,000 workers

Washington — The Biden administration is canceling federal student loans for another 55,000 workers through an existing program known as Public Service Loan Forgiveness. The Education Department’s announcement Friday targets teachers, nurses, service members, law enforcement officials and others who’ve reached eligibility through the program, which promises to erase loans after 10 years of work…

White House starts scrapping pending rules, including student debt cancellation

WASHINGTON (AP) — President Joe Biden is abandoning his effort to cancel student loans for more than 38 million Americans, the first step in an administration-wide plan to jettison pending regulations to prevent President-elect Donald Trump from retooling them to achieve his own aims. The White House expects to pull back unfinished rules across several…

Navicore Solutions Helps Borrowers Manage Credit Card Debt Amid Student Loan Uncertainty

Navicore Solutions MANALAPAN, N.J., Dec. 20, 2024 (GLOBE NEWSWIRE) — As millions of Americans face uncertainty about the future of student loan repayment programs, Navicore Solutions is stepping up to provide critical financial guidance and support. With legal challenges surrounding the Biden administration’s SAVE Plan and speculation about the future of federal student loan policies…

54,900 Student-Loan Borrowers in PSLF Get $4B in Debt Cancellation

Biden announced $4.28 billion in student-debt cancellation for 54,900 borrowers in Public Service Loan Forgiveness. The relief is a result of the Education Department’s ongoing fixes to PSLF. President-elect Donald Trump is unlikely to continue Biden’s student-debt relief efforts. President Joe Biden announced more student-loan forgiveness with one month left until he leaves the White…

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China’s debt-relief package, a pivotal step for economic stability, progress

BEIJING — Just as a single decisive move can energize a chess game, China”s latest initiative to address local government debt risks marks a crucial step in revitalizing the growth prospects of the world’s second-largest economy. The move comes as China gears up to navigate economic headwinds both at home and abroad, with a supportive…

The Greens want to cancel all student debt – but this will not make uni education ‘free’

The Australian Greens have long argued tertiary students shouldn’t pay tuition charges. This means they want to see HECS – now called HELP – abolished. But following the Albanese government’s recent plans to wipe 20% off student loans, on Monday, the Greens announced they want to the cancel all student debt. This would cost the…