April 13, 2024
Loans

Biden’s Student Loan Repayment Plan Is Being Challenged. Here’s What to Know.

When President Biden announced his plan to provide student debt relief for 43 million borrowers nearly two years ago, there was a piece to his program that attracted less attention: a new student loan repayment program that would cut monthly payments in half for millions. The repayment program, called SAVE, was meant to become a

Read More
Loans

SBA announces $300 million in disaster loans available

Roadway full of cars burnt from fires in Lahaina, Maui on Aug. 17th, 2023. Courtesy: DLNR HONOLULU (KHON2) — On Friday, the United States Small Business Administration announced that more than $300 million in federal disaster loans have been approved for Hawaii businesses and residents. Get Hawaii’s latest morning news delivered to your inbox, sign

Read More
Loans

Blackstone Leads $2 Billion Private Loan for Data Center Firm

(Bloomberg) — Blackstone Inc. led a roughly $2 billion financing package to Park Place Technologies to refinance the company’s debt and to fund a payout to its private equity owners, according to people with knowledge of the matter. Most Read from Bloomberg Blue Owl Capital Inc. also participated in the new financing, which includes a

Read More
Loans

Biden’s new student loan forgiveness plan: What you need to know

The Biden administration is canceling even more student debt. On Friday, the White House announced that an additional 277,000 borrowers will see their student loans eliminated, amounting to about $7.4 billion in forgiven debt. Those borrowers qualified for that relief because they were enrolled in one of the loan repayment or forgiveness programs the administration

Read More
Loans

The bad talking point comparing student loan forgiveness to PPP loans

Few things are as core to our political debates these days as whataboutism and charges of hypocrisy. It’s much easier to accuse the other side of ceding the moral high ground than to defend your own policies and actions. And there’s a place for that kind of turnabout play — when the evidence is compelling.

Read More
Loans

Biden Administration forgives $7.5B in student loans, criticism ensues | News

For the second time this week, the Biden Administration announced it’s wiping out more student loans. More than a quarter million borrowers will get an email from the White House Friday telling them their debt is canceled, totaling $7.5 billion. But critics say the handout is unfair to those who paid off their loans and

Read More
Loans

Biden cancels $7.4M more in student loan debt: How are Texans affected?

This week, the Biden Administration announced a plan to cancel $7.4 billion in student loans for 277,000 borrowers. The U.S. Department of Education reports that Texans have the second-highest amount of student debt, behind Californians. 3.8 million students owe $33,400 on average. Fewer than 20% of Texas borrowers are on an income-driven repayment plan. Here’s

Read More
Loans

Biden is canceling $7.4 billion in student debt for 277,000 borrowers. Here’s who is eligible.

The Biden administration on Friday said it’s canceling $7.4 billion in student debt for 277,000 borrowers, with the recipients scheduled to receive emails today to alert them to their loan discharges.  The latest effort extends the debt relief provider under President Joe Biden after the Supreme Court last year blocked his administration’s plan for broad-based student

Read More
Loans

Biden administration announces another round of loan cancellation under new repayment plan

WASHINGTON — The Biden administration is canceling student loans for another 206,000 borrowers as part of a new repayment plan that offers a faster route to forgiveness. The Education Department announced the latest round of cancellations Friday in an update on the progress of its SAVE Plan. More people are becoming eligible for student loan

Read More
Loans

Ukraine: the US proposes loans financed by the proceeds of frozen Russian capital

The United States have proposed to collect tens of billions of euros to lend to Ukraine using as collateral the future proceeds of Russian state capital frozen by Western countries, amounting to approximately 260 billion dollars. This was reported by the “Financial Times” newspaper, recalling that the countries of G7 have debated for months whether

Read More