With collective U.S. student loan debt nearing $1.5 trillion, some colleges are testing innovative solutions to help reduce student borrowing.
Using no-strings-attached student loan payoff-assistance programs, college loan alternatives and annual student debt letters, these three universities are doing their part to curb college debt.
1. UNIVERSITY OF PITTSBURGH
The University of Pittsburgh is offering graduating seniors up to $5,000 in federal student loan relief with one request: They pay it forward.
The schools new program, Panthers Forward, will help recent graduates chip away at student debt and introduce them to alumni mentors to encourage professional development. Students have no obligation to repay the gift, but the …
Read the full article at: https://theprovince.com/pmn/news-pmn/3-colleges-that-help-you-handle-student-debt/wcm/eb44f535-30ba-41bf-8231-b3996fb78b4d
Richard Haymes, Head of Financial Difficulties at TDX Group, an Equifax company, believes personal insolvencies may have reached their peak, but addressing the stigma of debt is vital to achieve better outcomes for consumers.
Debt is at record levels with personal credit now exceeding 215 billion or 4,100 for every adult in the UK. However, having reached unprecedented levels in 2018, we believe the growth in personal insolvency may have peaked, and with an increased focus on debt advice, volumes will likely stabilise through 2019 and 2020.
In recent years, as Individual Voluntary Arrangements (IVAs) have grown to record levels, the number of personal insolvency providers has almost halved. This has resulted in a market dominated by…
Read the full article at: https://www.lawyer-monthly.com/2019/01/have-we-passed-the-peak-in-personal-insolvencies/
Are
you finding it pretty difficult to save money despite trying really hard? You
are certainly not the only one. Today, more and more people are finding it
difficult to get out of debt. They are overwhelmed by the vicious cycle of
debts and many of them are not able to maintain a comfortable lifestyle as
debts go on getting accumulated and life becomes really more troublesome each
day. People are under incredible pressure to repay all their outstanding
balances.
The
insurmountable loans are compromising the quality of life. If you are feeling
as though you are drowning in debts and you have absolutely no power to combat
this onslaught of never-ending debts, it is high time, you opted for debt
consolidation using a personal loan fro…
Read the full article at: https://thriveglobal.com/stories/some-silly-mistakes-to-avoid-while-choosing-a-personal-loan-for-debt-consolidation/
The full release is below, but in the list of store closures, neither the Wenatchee or Quincy location was listed, so they will remain open for now. The Summitview Ave. location in Yakima is scheduled to be closed.
Green Bay, WI Shopko (the Company), a leading operator of general merchandise stores throughout the Central, Western and Pacific Northwest regions of the U.S., today announced that it, along with its subsidiaries, has filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code.
The Company is seeking to facilitate the restructuring as a result of excess debt and ongoing competitive pressures. The petitions have been filed in the U.S. Bankruptcy Court for the Dis…
Read the full article at: https://www.kpq.com/shopko-files-for-chapter-11-bankruptcy-restructuring/
The hail-ravaged apple and pear industry will receive a $1.3 million lifeline after the State Government agreed to waive a growers co-operative debt.
Lenswood Cold Stores Co-operative Society chairman Iain Evans said the debt write-off was great news for Adelaide Hills growers, who had faced two years of poor seasons followed by crops being damaged in hailstorms in 2017 and 2018.
All of the industry in SA is facing financial stress, Mr Evans said.
Theyve got heavily damaged crops, which will attract a lower retail price so theyre in for another very difficult 12 months.
More fruit will be sold as second-grade fruit or for juice.
Growers at a recent industry meeting heard that in the Adelaide Hills, Novembers storm had impacted more than 60 pe…
Read the full article at: https://www.news.com.au/national/south-australia/13m-debt-waiver-a-boost-for-sas-hailravaged-apple-growers/news-story/64f309c9c7637a4e4c448558418c441d
The former chief executive of a failed investment firm has been given just over two weeks to pay a record 76m fine by the City regulator.
The Financial Conduct Authority formally imposed the huge fine on Stewart Ford today over his role in one of the UKs largest investment scandals. He must find the funds to pay the penalty in full by 1 February.
The former chief executive of the so-called death bond company Keydata lost a long legal battle against the penalty, the highest ever handed down by the Financial Conduct Authority (FCA).
Tens of thousands of UK investors lost out after putting almost 450m into so-called death bond policies via the investment firm, which was dissolved in 2014 after being declared insolvent and breaking tax rules.
Th…
Read the full article at: https://finance.yahoo.com/news/businessman-two-weeks-pay-record-76m-fine-070055442.html
Less than 18 months after exiting bankruptcy, Payless ShoeSource has reportedly lined up an advisor to help mull over strategic alternatives, including a possible sale.
According to a report from Reuters, citing people familiar with the matter, the affordable footwear retailer hired investment firm PJ Solomon as it continues to struggle amid digital disruption and seeks to avoid another bankruptcy. Payless is reportedly considering a restructuring or a sale, along with closing the doors of at least a third of its approximately 3,000 stores across the country.
The Topeka, Kan.-based company also hasnt ruled out filing for bankruptcy a second time, the report noted. Just four months after it filed, Payless managed to emerge from Chapter …
Read the full article at: https://footwearnews.com/2019/business/retail/payless-bankruptcy-restructuring-company-sale-1202730954/
Cleaning Up airs every Wednesday on ITV at 9pm. The drama stars Sheridan Smith as Sam, a single mother who is a cleaner on a zero hours contract in Canary Wharf, London. Sam is in debt and has separated from her husband, Dave (played by Matthew McNulty) and one of the reasons behind their split is her gambling addiction. The show is one of the only TV series to address the issue of female gambling. Express.co.uk spoke exclusively to GamCare, who were consultants on the show and spoke about problem gambling amongst women.
Why do women gamble?
GamCare operates the National Gambling Helpline and offers information, advice and support for those who suffer from problem gambling.
The charity worked with show writer Mark Marlow, producers and cast…
Read the full article at: https://www.express.co.uk/showbiz/tv-radio/1073333/Cleaning-Up-ITV-Why-do-women-gamble-Sam-gambling-Sheridan-Smith