The Latest Debt & Finance Blog
President Biden’s executive order allows those making less than $125,000 per year ($250,000 for married couples who file taxes jointly) to sweep $10,000 off their balances owed. That could wipe…
As the Federal Reserve plays Whac-A-Mole with the American economy – ‘WE’RE IN A RECESION! NO, WAIT, WE’RE NOT IN A RECESSION!’ – there is always the chance the mallet…
With a nod to Mark Twain, inflation has replaced the weather as the thing everyone talks about it, but nobody seems to do anything about it. Until now. Not that…
America has turned into a nation of quitters, though that’s not necessarily a bad thing. Spurred by the COVID pandemic, millions of people have joined “The Great Resignation” that’s happening…
Credit card use has increased as the nation continues to work its way out of the pandemic. According to the Federal Reserve Bank of New York, credit card bills rose…
The rules governing repayment of federal student loans contain so many nooks and crannies that it shouldn’t come as a surprise that you may have missed one created during the…
Is there a fourth stimulus check on the way? The success the federal government has had in helping Americans endure the economic disarray caused by the COVID-19 pandemic has prompted…
The average Joe – not Biden – figures to benefit most from passage of the $1.9 trillion American Rescue Plan. Approximately 145 million Americans will receive a third round of…
Biden wants the minimum wage – currently set at $7.25 an hour – to jump to $15 an hour by 2025. The increases would be phased in at approximately $1.75…
President-elect Joe Biden unveiled the American Rescue Plan, a $1.9 trillion war on the prolonged suffering of Americans hardest hit by coronavirus. Included in his proposal: a fresh round of…
Sources:
- N.A. (2022, August 24) Biden-Harris Administration Announces Final Student Loan Pause Extension Through December 31 and Targeted Debt Cancellation to Smooth Transition to Repayment. Retrieved from https://www.ed.gov/news/press-releases/biden-harris-administration-announces-final-student-loan-pause-extension-through-december-31-and-targeted-debt-cancellation-smooth-transition-repayment
- N.A. (2022, August 23) Thanks to Temporary Changes, U.S. Department of Education Announces Public Service Loan Forgiveness Surpasses $10 Billion in Debt Relief. Retrieved from https://www.ed.gov/news/press-releases/thanks-temporary-changes-us-department-education-announces-public-service-loan-forgiveness-surpasses-10-billion-debt-relief
- Kantrowitz, M. (2022, August 24) Is Student Loan Forgiveness By Executive Order Legal? Retrieved from https://thecollegeinvestor.com/35892/is-student-loan-forgiveness-by-executive-order-legal/