Do you have questions about the student loan relief plan the Biden administration unveiled on Wednesday? Please email them to reporter Alicia Adamczyk at [email protected]. On Wednesday, aft...
Tag: loan
How President Biden linked a $15 minimum wage to student loan reform
Fast-food workers and supporters fight to raise the minimum wage to $15 an hour. James Leynse | Corbis Historical | Getty Images The Biden administration seems to have pegged a student loan policy ann...
Student Loan Forgiveness Plan Won’t Make Inflation Worse—Even If It Adds $400 Billion To Deficit, Goldman Says
Topline President Joe Biden’s historic plan to forgive up to $20,000 in student loans for millions of borrowers quickly drew criticism for potentially threatening to tack on to inflation that...
Borrowers currently in college are eligible for Biden’s $10,000 in student loan forgiveness
College classrooms around the country are celebrating as President Joe Biden announced Wednesday that current students will be eligible for $10,000 in federal student loan debt forgiveness. Though spe...
How to apply for student loan forgiveness
Loan forgiveness is shown using a text / Credit: Getty Images/iStockphoto President Biden made a massive student loan debt relief announcement on Wednesday, revealing he’s canceling up to $20,00...
What is it? Why it matters in student loan repayment.
Future student borrowers will also get some relief from the Biden administration’s federal student loan forgiveness plan. That relief will come in smaller and more manageable monthly payments. The pla...
Dennis Porter suggests alternative student loan forgiveness program using Bitcoin
Satoshi Action Fund CEO Dennis Porter proposed a radical alternative to President Biden’s student debt forgiveness plan. Instead of forgiving $10,000 in student debt, Biden should have given each pers...
MakerDAO: $ 100 million loan with HVB
MakerDAO has officially connected its native stablecoin, DAI, to mainstream finance through a partnership with Huntingdon Valley Bank (HVB), a community bank in Philadelphia. The partnership between M...
Do I qualify for student loan forgiveness? What to know about Biden’s debt plan.
LIFE OFF PAUSE: How the student loan payment pause changed people’s lives President Joe Biden confirmed Wednesday what many have anticipated for months – a plan to forgive or reduce student loan debt ...
Student Loan Websites Crash After Biden Announces Debt Relief
Topline Scores of student loan borrowers reported they were unable to access their loan details Wednesday after President Joe Biden announced his long-awaited student debt forgiveness plan, which appa...
How to Claim Your Student Loan Forgiveness
The Biden administration is canceling a portion of federal student loan debt. Stefani Reynolds/AFP/Getty Images Text size The Biden administration is canceling a portion of federal student loan debt a...
Will Biden’s Student Loan Relief Plan Boost Inflation?
President Joe Biden speaks about student loan debt forgiveness in the Roosevelt Room of the White … [+] House, Wednesday, Aug. 24, 2022, in Washington. Education Secretary Miguel Cardona listens...
What $10,000 in student loan forgiveness means for your tax bill
The good news for borrowers? An estimated 43 million Americans with student loan debt will have $10,000 wiped away from their balances. The even better news? The debt relief is tax-free. As President ...
Here are the top 10 states where borrowers will benefit most from Biden’s loan forgiveness
President Joe Biden announced today that his administration will forgive up to $20,000 in student loan debt for federal borrowers. That debt relief will go a lot further in some states than in others....
Student Loan Forgiveness And How To Balance Debt Against Your Other Financial Goals
Biden cancels student loans for millions. Getty Images Key Takeaways Biden has canceled student loan debt for millions and extends loan payment pause. Borrowers should consider the loan’s interest rat...
Key events on the path to student loan forgiveness
A woman holds a sign during an Occupy Wall Street rally against the high cost of college tuitions April 25, 2012 in New York. Don Emmert | Afp | Getty Images For the millions of Americans with student...
What Forgiving Student Loan Debt Could Mean for the Economy
Nearly 44 million people collectively owe $1.7 trillion in federal student loans. Forgiving some or all of it would cost taxpayers hundreds of billions of dollars. Stefani Reynolds/AFP/Getty Images Te...
Forgiving $10,000 in student loan debt would cost the U.S. $300 billion, according to new analysis
If the Biden administration forgives $10,000 in federal student loan debt for borrowers within a certain income cap, it would cost approximately $300 billion, according to a new analysis. No details o...
Bed Bath & Beyond Clinches Loan Deal
Bed Bath & Beyond Inc. has found a financing source to shore up its liquidity as it tries to weather recent missteps, according to people familiar with the matter. The company on Tuesday told pros...
MakerDAO Opens $100M DAI Loan to Huntingdon Valley Bank
MakerDAO formally approved Huntingdon Valley Bank’s facility in July The move is seen as an effort to diversify MakerDAO’s counterparty risks away from centralized crypto entities MakerDAO has officia...
What Does Student Loan Forgiveness Mean For Investors?
Getty Images for We, The 45 Million Key takeaways The Biden administration has just a few days left to extend the student debt moratorium or let borrowers restart payments The moratorium has sparked d...
With days to go until the student loan freeze ends, most borrowers have made zero payments
‘There’s going to be real trauma’: With days to go until the student loan freeze ends, most borrowers have made zero payments Burdened by almost $90,000 in federal and private studen...
BendDAO’s NFT-Collateralized Crypto Loan Platform Suffers a Bank Run, Prompting a Move to Avoid Another Liquidity Crisis
BendDAO – from a distance – looks like an old-school bank: Some customers deposit money into the decentralized finance (DeFi) platform, which loans the money out, giving depositors a cut of the intere...
Most Americans Worry Student Loan Forgiveness Will Worsen Inflation, Poll Finds
Topline The majority of Americans are concerned student loan forgiveness could worsen inflation, according to a CNBC/Momentive poll, as the Biden Administration prepares to make an announcement regard...
Alibaba Confirms TikTok Partnership, Loan Prime Rate Sees Asymmetric Cut
China Last Night KraneShares Key News Asian equities had a rough start to the week following Friday’s US equity selloff except for China, Singapore, and New Zealand, which managed positive returns tod...
‘The pause has meant everything:’ What happens to borrowers — and the economy — if Biden lets student loan payments resume in September
There’s less than two weeks until the latest pause on federal student loan payments is set to expire on Aug. 31. No need to tell Cassie Smith. The chance of restarted payments are “a looming rain clou...
Seized Superyacht to Be Auctioned to Pay JPMorgan Loan
(Bloomberg) — Most Read from Bloomberg A luxury yacht formerly owned by sanctioned Russian businessman Dmitry Pumpyansky will be sold at auction on Tuesday after the billionaire failed to repay ...
Maven 11 Launches $30m Loan Pool on Defi Lending Protocol Maple Finance
Defi lending protocol Maple Finance has launched a $30 million liquidity pool backed by Netherlands-based crypto-native investment firm Maven 11. Maven 11 announced that the launch of the loan pool is...
Crypto Mining Hosting Firm Applied Blockchain Adds $15M Loan to Pay Off Debt, Fund Growth
Debt has been a sore spot for some crypto miners, some of which have faced margin calls on their loans as the value of their collateral, usually bitcoin or equipment, has diminished during the past fe...