The United States hit its debt limit this Thursday, prompting the Treasury Department to be using a series of accounting maneuvers to ensure the federal government can keep paying its bills ahead of what’s expected to be a protracted fight over whether to increase the borrowing cap. Treasury Secretary Janet L. Yellen wrote to Congress in a letter. According to Yellen, the government will begin asking lawmakers to raise or suspend the debt limit so that the government can continue meeting its financial obligations. She said that extraordinary measures would be taken to prevent the nation from breaching its statutory debt limit.
Tag: debt
Biden’s Student Loan Forgiveness Plan Is Stalled, But There’s Another Way to Get Your Debt Erased
Conceptual image of a graduation mortar board cap on $100 bills representing the price of a college or university education Credit – Image via Getty Images/iStock photo Brian A Jackson
President Biden’s plan to forgive up to $20,000 in student loan debt for 40 million Americans is in limbo. It is being blocked for months or even permanently by conservative legal challenges. However, a different program that was introduced by the Department of Education could help up to 3.6 million borrowers pay off their student debt and forgive more than 40,000 Americans’ loans.
Millions Of Student Debt Forgiveness Applicants Get False Good News Email
According to reports, approximately 9 million applicants for President Joe Biden’s student loan forgiveness program received emails erroneously stating that their requests for debt relief had been granted. The Department of Education forwarded emails last month with the wrong subject line informing recipients that their requests for debt relief had been approved. As the administration waits for the outcome of legal challenges, decisions on the applications have been put on hold. The email was accurate for the rest of it.
4 Books to Improve your Personal Finance
There are hundreds of videos, blogs, and books that can teach you about finance. There are also countless courses online on personal finance and investing, and even influencers dedicated their channels just to this topic. This is a lot of information and resources, which can be overwhelming for someone who is just looking to get started.
About 2 Million People Soon to Receive New Student Loan Servicer
Nearly 2 million Americans who are borrowers of student loans will be receiving a new federal student loan servicer as soon as July. Many of these individuals are seeking debt relief from the Public Service Loan Forgiveness program. FedLoan, which is part of the Pennsylvania Higher Education Assistance Agency known as PHEAA, is the current servicer of these loans.
Op-Ed: Why College Should Be Free For Students
The debate of free college has always been something that people across the United States talk about. Should students across the United States be able to further their education without having to worry about student debt? Or should people still have to pay for their college education? I was always on the outside of the debate, but now that I just finished my first year at college, I understand why college should be free.
The Terrifying Cost of American Universities
Imagine yourself sitting on the beach. It is a nice sunny day and people are relaxing on their floats. Then, a giant wave comes towering over your relaxing place. You’re in the deep. You try to swim upwards, but the water is pushing you down. You sink into a black abyss, not knowing what it is like in the big blue ocean. That is how we students feel every day with school.
Biden’s Move to Erase More Student Debt
The Biden Administration is overseeing debt cancellation for students that qualify. The amount cancelled is in the range of 5.8 billion dollars, the highest amount since Biden took office earlier this year.
