Overwhelming student debt

Elizabeth Hill saw going to college as her way out of poverty. But 26 years later, she is still paying back student loans, with around $145,000 still left to go. “I’ve been able to stay afloat, but I do not have $145,000 to give them,” Hill said. “My debt-to-income ratio has impacted my ability to…

Jumping through hoops for debt relief

The immediate worry is: will farmers with unpaid loans get fresh crop loans if the scheme is delayed? If they are denied bank loans, more likely than not, their only recourse will be private lenders, who will charge usurious rates of interest. “Banks still don’t have clarity about the rules, because there are myriad eligibility…