May 21, 2024
Funds

Michigan Lead Pipe Replacement Funds 2024

Washington — Michigan will receive about $62 million in federal funds for lead pipe replacements, the Environmental Protection Agency announced Thursday. The funds are part of the latest round of lead service line replacement allotments for states from the Bipartisan Infrastructure Law, which passed in 2021. “The science is clear, there is no safe level

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Finance

Amid FAFSA crisis, Federal Student Aid chief Richard Cordray steps down

The top Biden official overseeing federal college financial aid has resigned, the Education Department said Friday, capping off a year of turmoil for students and universities.  Richard Cordray, the chief operating officer for Federal Student Aid, will step down at the end of June, officials said. The former head of the Consumer Financial Protection Bureau,

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Loans

How to get a loan as a small business in Massachusetts, and other tips

BARNSTABLE — The Small Business Administration played matchmaker Wednesday at the high school where local lenders were on hand to talk with small-business owners about how they might tap into capital to start, grow, or expand.    The event drew nine lenders and 15 organizations that could provide resources to help small businesses get loans. About

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Loans

Biden’s student loan forgiveness scheme will push inflation up again

My husband and I both work full time. We like our jobs, but we work hard. Our reward? Sending thousands of dollars to the federal government each year.  Much like millions of other Americans on Tax Day, we had to write a large check and send it off to the Internal Revenue Service.  It’s always painful

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Loans

Student loan forgiveness scams are everywhere. Here’s how to spot them

Student loan season, also known as when students file for financial aid, looks a little different this year. Some changes to application forms and deadlines for the 2024-2025 academic year can bring confusion, and scammers can take advantage of those who are clouded with it.  The Biden administration announced a student loan forgiveness program near

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Investment

Detroit nets $1B housing investment with E Jefferson development

A milestone East Jefferson Avenue residential development has just pushed Detroit affordable housing investments since 2019 past $1 billion, officials announced Friday. Gathered at the construction site, a 150-unit riverfront affordable housing development near Van Dyke Avenue, Mayor Mike Duggan, investors, developers and other government officials celebrated 71 affordable housing projects built or under construction

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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

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Loans

Biden’s student loan forgiveness plan is exactly what Gen Z needs

On Monday, President Joe Biden’s administration unveiled yet another student debt relief plan. It was the latest announcement from a presidency that will be remembered for student loan debt forgiveness, regardless of your place on the political spectrum. By this fall, more than 30 million people may benefit from the new proposals, which are supposed

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Loans

Gen Z wants to end student debt. You don’t get off that easy

My generation has a political problem. We gravitate toward quick fixes for massive problems that plague our country. The generation raised on instant gratification, to little surprise, is looking for the same in politics and government. On no other issue is this more apparent than the student loan crisis. Rather than targeting the root of

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Investment

‘Largest-ever’ investment in decarbonizing industries

WASHINGTON − The Energy Department announced up to $6 billion Monday for 33 projects across more than 20 states to decarbonize energy-intensive industries and reduce industrial greenhouse gas emissions. Energy Secretary Jennifer M. Granholm told reporters in a call ahead of the announcement that when factoring in the companies’ share in the projects, the initiative’s

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