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1 min read
Fitch Ratings: Indian banks' viability ratings set to flourish amid improved conditions
Fitch foresees the continuation of robust Viability Ratings (VR) for Indian banks, largely propelle…
ANI
3 mins read
Student-loan borrowers on Biden's new repayment plan have 2 options to get credit toward debt cancellation while the program is blocked
With the SAVE plan blocked, student-loan borrowers have a couple of options to get credit toward de…
Ayelet Sheffey
1 min read
Fitch retains India rating at 'BBB-' with stable outlook
India's rating has remained unchanged at 'BBB-', the lowest investment grade, since August 2006.
PTI
3 mins read
A $0 monthly student-loan payment could hurt some borrowers in the long term. An upcoming policy could change that.
The Philadelphia Fed found that having a $0 monthly student-loan payment helps borrowers who need i…
Ayelet Sheffey
1 min read
RBI, Bank Indonesia sign pact to promote use of local currencies for bilateral trade
The Reserve Bank of India and Bank Indonesia (BI) on Thursday signed a Memorandum of Understanding …
PTI
2 mins read
Some student-loan borrowers will soon get cheaper monthly payments through Biden's new repayment plan — but their accounts might be paused in the meantime
The Education Department is placing some student-loan borrowers on the SAVE plan on forbearance as …
Ayelet Sheffey
3 mins read
Student-loan borrowers can now apply to lower their monthly payments with 'the most affordable repayment plan yet,' Biden's Education Department says
Biden just launched a beta version of the new income-driven repayment plan, known as the SAVE Plan,…
Ayelet Sheffey
3 mins read
3 reasons student-loan borrowers could start taking on more debt once Biden's plan to lower monthly payments goes into effect
The CBO predicted that reforms to income-driven repayment plans will drive borrowers to take out mo…
Ayelet Sheffey
2 mins read
Some student-loan borrowers now have 4 extra months to benefit from one of Biden's debt relief plans — but they need to take action
The Education Department extended the deadline for student-loan borrowers with privately held loans…
Ayelet Sheffey
2 mins read
Biden's Education Department just pushed back the deadline for student-loan borrowers to see debt relief through a one-time reform
Student-loan borrowers who were expecting relief through recent IDR and PSLF reforms will have to w…
Ayelet Sheffey
4 mins read
Why Biden's plan to make monthly student-loan payments cheaper could end up sticking borrowers with the same repayment struggles they've had for decades
Biden introduced a new plan to lower student-loan borrowers' monthly payments, but one expert worri…
Ayelet Sheffey
2 mins read
How Biden's new student-loan repayment plan could keep borrowers from owing far more debt than they originally took out
Biden's new income-driven repayment plan, the SAVE plan, would prevent unpaid interest from growing…
Ayelet Sheffey
2 mins read
69 Republican lawmakers call for Biden's student-loan repayment and forgiveness proposals to be 'rescinded,' blasting them as 'blatantly illegal' and 'a smack in the face of taxpayers'
"This administration knows full well that it cannot wave a magic wand and cancel student loans," Re…
Ayelet Sheffey
3 mins read
Biden's Education Department just proposed a new way to make monthly student-loan payments 'more affordable and manageable than ever before'
Biden's reformed income-driven repayment plan would cut undergraduate student-loan payments in half…
Ayelet Sheffey
4 mins read
A Gen Xer with $47,000 in student debt just got word his loans will finally be wiped out after nearly 3 decades of payments
Jason Harmon got word his student loan balance will be forgiven, but after so many years in repayme…
Ayelet Sheffey
2 mins read
A top Republican says Biden's proposals to make monthly student-loan payments cheaper are a 'backdoor' for his 'radical free college agenda'
Rep. Virginia Foxx took aim at the Department of Education's new regulations, which would make inco…
Juliana Kaplan,Ayelet Sheffey
4 mins read
What student-loan borrowers should know about Biden's new debt relief proposals — and why advocates argue they're not enough
Biden introduced a plan to reform income-driven student-loan repayment plans, but some borrowers wo…
Ayelet Sheffey
3 mins read
Nearly 2,000 people flooded a federal website to oppose Biden's 'totally unjust' and 'completely illegal' student-loan forgiveness proposals
The Education Department asked for input on its proposals to reform student-loan repayment. A batch…
Ayelet Sheffey
2 mins read
Parents who took on student loans for their kids are facing 'a grim reality' as payments resume because they're not included in Biden's new plan to make monthly bills cheaper, the NAACP says
Parent PLUS student-loan borrowers are not eligible for Biden's new SAVE income-driven repayment pl…
Ayelet Sheffey
2 mins read
Student-loan borrowers who weren't in the last round of debt cancellation can still count on relief if they 'did their end of the bargain,' Biden's Education Secretary says
Education Sec. Miguel Cardona told Insider that student-loan borrowers who have made the required p…