May 01, 2025 In a groundbreaking initiative, more than 160,000 Cleveland residents have had their medical debt erased, totaling over $165 million in debt relief. This success stems from a 2023 decision by Cleveland City Council to allocate $1.9 million in revenue recovery funds to partner with Undue Medical Debt (formerly known as RIP Medical…
Apollo ramps up debt investing amid ‘liberation day’ market turmoil Financial Times Read the original article here
The Australian government’s debt forgiveness pledge featured strongly among the cost of-living measures it has credited for its resounding victory in the 3 May election. The governing Labor Party has increased its majority while the Liberal-National party opposition lost a swathe of sitting members, including its leader. Like Canadian conservative leader Pierre Poilievre five days…
ORLANDO, Fla. — Thousands of Central Floridians are about to find out that their medical debt has been wiped away. Members of the Orange County Board of County Commissioners announced that letters are going out now to people who qualified to have their medical debt cleared. What You Need To Know Some residents of Orange County…
The school district in Arkansas’ largest city is asking for help to pay off school lunch debt. At a press conference this week, Little Rock School District Superintendent Jermall Wright said the district’s nutrition department has few resources to bridge the gap between school budgets and unpaid student lunch debt. Stephanie Walker Hynes is a…
By Sydney Price ( May 2, 2025, 7:07 PM EDT) — An Illinois federal judge has ordered the former owner of a defunct debt-relief provider to pay more than $43 million in restitution and penalties to settle claims that the firm preyed on student loan borrowers…. Law360 is on it, so you are, too. A…
I take issue with inferences in “Outrage at Student Loans Should Be Aimed at Colleges” (4/28/2025) and “The Student Loan Bubble is About to Burst” (4/29/2025). These commentaries attempted to accuse students in debt of being irresponsible, fueled outrage that taxpayers might be… Read the original article here
Don’t start the debt forgiveness process until you’ve asked yourself a few important questions. Getty Images If you’ve found yourself struggling to afford your debt payments recently, you’re far from alone. A significant percentage of borrowers are facing increasing financial strain in today’s unusual economic climate, and there are a few big reasons for that.…
“I am enrolled in SAVE, am 77 years old and earned my doctorate with student loans. I still owe $73,000 after being an adjunct college professor for more than 45 years. I also am a Vietnam-era veteran,” – Ricky, constituent of Rep. Kiley “[Student] Debt affects every part of my life. I have faced housing…
Around 1.2 million of the poorest households – including 700,000 with children – will keep an extra £420 a year on average, due to Universal Credit change. New Fair Repayment Rate – which comes into force today – caps Universal Credit deductions at 15%, down from 25%. Comes as part of the Government’s Plan for…