Iran asks for billions in loans as virus death toll climbs
Iran asked the International Monetary Fund for a $5 billion loan to fight the coronavirus, the first time since the 1979 Islamic Revolution that it has sought such assistance, in a staggering admission of how fragile its economy has become…
Federal watchdog finds potential fraud in student loan repayment plans
Among the most extreme cases reported by the Government Accountability Office are two separate borrowers who claimed to have 93 relatives in their households, along with 3,300 cases in which borrowers said they had no income even though federal data…
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Why high-tech boot camps are appealing to students and lenders
To get a job with a good salary, having a college degree is increasingly vital. But degrees are also more and more expensive, and don’t guarantee job placement. Skills-based boot camps may provide one solution, by teaching valuable skills in…
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Fighting the debt trap of triple-digit interest rate payday loans
Payday loans are supposed to be a short-term quick fix for those who can't get traditional credit. But the loans are rarely actually short-term, and borrowers frequently need to take out a second loan to pay off the first. Special…
Watch Obama Announce New Plan for College Affordability…
More Debt, Fewer Jobs: How the Candidates Plan to Solve Rising Costs of College…
David Graeber on mounting student debt and what history says about paying it back.
Ignoring a veto threat by President Obama, House Republicans voted Friday to extend a 2007 provision that halves the rate on Stafford student loans, but the parties are split on how to pay for it. Jeffrey Brown, George Washington University's…
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