Tag: debt relief

Borrowers who lost cars to repossession will get million in debt relief, and the lender must cap vehicle prices at 109% of retail book value for seven years.

The Biden administration has been working to alleviate the burden of student loans, especially for long-term borrowers who have been repaying loans for decades.

The debt relief would forgive roughly $6 billion for 78,000 borrowers such as teachers, nurses or social workers enrolled in the Public Service Loan Forgiveness (PSLF) program.

As loan servicers process their forgiveness, they will see their debts discharged from their accounts.  

"The Higher Education Act should be used immediately and rapidly to deliver on this essential commitment."

The deal protects Social Security and other lifelines while raising the debt ceiling for two years and safeguarding the world economy.

When the old system finally breaks and we are primed for a new one, these are the principles that should guide us in its development.

The 8th Circuit Court of Appeals in St. Louis ruling came after six states claimed that the debt relief plan "threatens their future tax revenues and circumvents congressional authority."

"It's extremely validating to see a court agree that what the Department did was wrong, and to know that students who were cheated will finally be able to seek relief."

Japan has found a way to write off its national debt without creating inflation. Why can’t we do that?