Move brings total in student loan forgiveness during Joe Biden’s term as president to $180bn, Education Department says.
US President Joe Biden’s administration is cancelling student loans for another 55,000 people in the United States, amounting to $4.2bn in debt forgiveness just weeks before his time in office ends.
The White House said in a statement on Friday that the move would affect public service workers, including teachers, nurses and law enforcement officers.
It brings the total number of Americans approved for student debt relief during Biden’s tenure as president to nearly five million.
“Because of our actions, millions of people across the country now have the breathing room to start businesses, save for retirement,…
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ActionSA is deeply concerned about the shocking revelations surrounding the appointment of Jabu Mbalula as Acting Premier of the Free State. This appointment, marred by allegations of insolvency and the lack of proper vetting, highlights a gross failure in governance and accountability.
It has been confirmed that Mr Jabu Mbalula, who is also the MEC for Community Safety, Roads, and Transport, is insolvent and currently under debt administration. Despite this, he was appointed as both MEC and Acting Premier by the Premier of the Free State, with full knowledge of…
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Big Lots store closings 2025: Retailer plans to close all stores Axios
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Student-debt cancellation coming for public servants, Biden administration says MarketWatch
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U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington, DC, U.S. December 10, 2024.
Kevin Lamarque | Reuters
The Biden administration announced on Friday that it would forgive another $4.28 billion in student loan debt for 54,900 borrowers who work in public service.
The relief is a result of fixes the U.S. Department of Education made to the once-troubled Public Service Loan Forgiveness Program.
The debt relief comes in President Joe Biden’s final weeks in office.
Biden has forgiven more student debt than any other president. He has cleared nearly $180 billion for 4.9 million people with student debt.
Still, Republican-led legal challenges have stymied all of Biden’s attempts at delivering…
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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 in government or nonprofit jobs.
The $4.28 billion in relief is expected to be the final round of public service loan forgiveness before President Biden leaves office in January. After failing to deliver his promise of widespread loan cancellation, Mr. Biden has instead focused on expanding loan relief through programs that were created before…
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Inflation, elevated interest rates, market disruptions drove business failures in key sectors
The year 2024 was a difficult one for many B.C. businesses, with a number of insolvencies occurring in a variety of sectors.
Nationally, business insolvencies for the 12‑month period ending Oct. 31 increased by 41.7 per cent year to year, according to the federal Office of the Superintendent of Bankruptcy (OSB). The October data was the most recent available.
Transportation, warehousing, construction, accommodation and food services registered the biggest increases in insolvency numbers, OSB said. Mining, quarrying and oil and gas extraction registered the biggest decreases.
Various factors have contributed to a challenging…
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Biden administration provides $4.28 billion in student debt relief POLITICO
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Biden admin cancels $4.3 billion in latest round of student loan relief Axios
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Troubled Melbourne financial advice firm United Global Capital (UGC) has been put into liquidation by the Federal Court.
ASIC said that creditors had resolved to wind up UGC, and David Stimpson of SV Partners has been appointed as a liquidator.
UGC withdrew its application regarding the cancellation of its Australian financial services licence, which was cancelled on 31 July – the Administrative Appeals Tribunal (AAT) dismissed that application.
An application made by director Joel James Hewish regarding his 10-year ban is being reviewed by the AAT. Hewish was banned for 10 years from providing financial services, performing any function involved in carrying on of a financial services business, and controlling an entity that…
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A petition for Forsyth Marine Consultancy Ltd, which has a registered office on Rose Street in the city, was presented on December 3.
It requested that the firm be wound up and a liquidator appointed.
The court action was on behalf of the commissioners for His Majesty’s Revenue and Customs.
READ MORE: MSP raises concern about waiting times for NHS Fife patients
All parties claiming an interest must lodge answers with the court within seven days.
Liquidation is the process of closing a limited company, selling the assets to pay off debts and dissolving the company from the official register at Companies House.
In short it will stop doing business and employing people.
In general terms liquidation is the…
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Advances in Risk Management of Government Debt OECD
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