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Cancel Americaâs Student Loan Debt! But How?
Itâs a trillion-dollar crisis thatâs crippling the economy and dooming millions of college graduates. So whatâs the fairest way to fix it?
Wednesday, March 10th, 2021
jane coaston
Today on The Argument, imagine if we wiped away every Americanâs student loan debt. Should we?
The cost of higher education in America has skyrocketed in recent decades. And so have the student loans to pay for it. Americans are carrying more than $1.7 trillion in college debt. Thatâs more than we owe credit card companies or auto lenders. Nearly 43 million of us are still paying off our college tuition. Itâs a crisis with massive consequences for our economy and for millions of Americans who made, quote, âthe right decisionâ to get an education. President Biden campaigned on for giving $10,000 of debt for everyone. Democrats have been pushing for more. Clearly some relief is on the table, but whatâs
By Reuters Staff
1 Min Read
NAIROBI (Reuters) - Kenya will not be seeking further debt relief apart from what it has already secured through the G20’s debt suspension initiative, a senior Treasury official said on Wednesday.
The East African nation may return to international capital markets, if it does not secure enough cheap loans from financiers like the World Bank, and to manage its liabilities in a more sustainable manner, Harun Sirima, the head of public debt office, told reporters.
Reporting by Duncan Miriri; Editing by Shri Navaratnam
Vietnam s central bank said on Wednesday it is planning to provide an interest-free loan of up to 4 trillion dong to Vietnam Airlines to help the flag carrier weather the wide impact of the. | March 10, 2021
FICO UK Credit Market Report January 2021: More Signs of Stress for the Financially Stretched
Highlights
Payments as percentage of balance reached over a two year high
Percentage of accounts and balances missing two payments continued to increase
Proportion of consumers using cash continued to fall, although higher amounts are being withdrawn
Global analytics software provider FICO today released its analysis of UK card trends for January 2021. Furlough and forbearance appear to be masking the true impact of the pandemic.
Slowly rising missed payment rates It is normal to see increases in the percentage of accounts and balances missing payments in January as a result of Christmas spend, but this January the growth has not been as marked as we saw last year, explained
Under the separate platform of group BlackOpal Asset Management, BlackOpal is currently managing five projects in various capacities, totaling 2.5 million sq ft having an estimated value of approximately Rs 1,325 cr.