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2 mins read
Telangana govt to launch farm loan waiver scheme
The loan waiver funds up to Rs one lakh will be deposited in the farmers' accounts at 4 pm on Th…
PTI
3 mins read
Banks write off loans worth ₹9.90 lakh crore in last 5 financial years
"Banks evaluate/consider the impact of write-offs as part of their regular exercise to clea…
PTI
10 mins read
Meet the millennials who got student-loan forgiveness and now have the freedom to save for retirement, grow their families, and consider going back to school
BI spoke to millennials who received student-loan forgiveness over the past few years due to Biden'…
Ayelet Sheffey,Katherine Tang…
4 mins read
₹2.5 lakh crore farm loan waivers announced – half received and 80% didn't even need them
In Chhattisgarh, all the 100% eligible farmers have received the loan waiver.
2 mins read
35,000 student-loan borrowers in public service are getting $1.2 billion in debt wiped out after fixes to a key relief program
The Education Department approved another batch of student-loan borrowers for debt relief through t…
Ayelet Sheffey
2 mins read
Biden's new plan for student-loan forgiveness is entering its next key stage — and millions of borrowers will have a say on what the relief looks like
Biden's administration released its first set of draft rules for its new student-loan forgiveness p…
Ayelet Sheffey
2 mins read
Biden's new student-loan forgiveness plan just began its 30-day public comment period — and anyone can tell the administration what they think of the relief
The draft text for Biden's new student-debt cancellation plan is out, and anyone in the public can …
Ayelet Sheffey
2 mins read
If you're a government or nonprofit worker who wants student-loan forgiveness, you have 5 months left to use a waiver that'll bring you closer to that relief
Biden's reforms to the Public Service Loan Forgiveness program run through October 31. Here are the…
Ayelet Sheffey
2 mins read
78,000 student-loan borrowers in public service are getting $6 billion in debt wiped out after facing 'logistical troubles and trap doors'
Biden will also email an additional 380,000 student-loan borrowers in public service to inform them…
Ayelet Sheffey
2 mins read
Supreme Court wants the government to give 'clear plan' on moratorium loan interest waiver by November 2 — 'Diwali is in your hands now'
The Supreme Court has set the deadline of November 2 for the ongoing case on whether or not the int…
3 mins read
India's Supreme Court waives compound interest on ALL loans put under moratorium due to COVID-19 pandemic
India’s apex court has ordered the waiver of interest on interest on all loans under moratorium, no…
2 mins read
Supreme Court told that blanket waiver of moratorium loans would take ₹6 lakh crore and wipe out the net worth of banks
The Centre on Tuesday informed the Supreme Court that it would have to forego more than Rs 6 lakh c…
2 mins read
74,000 student-loan borrowers are getting $5 billion debt wiped out in Biden's latest batch of repayment reforms
Biden announced his administration has approved another round of student-debt relief for public ser…
Ayelet Sheffey
2 mins read
RBI directs banks and NBFCs to comply with interest waiver scheme
The Reserve Bank of India (RBI) has notified the Centre's scheme for ex-gratia payment of differenc…
2 mins read
Government and nonprofit workers with student debt have 2 more months to use a waiver that will bring them closer to loan forgiveness
The Education Department says Oct. 31 is the final day student-loan borrowers can make use of the P…
Ayelet Sheffey
2 mins read
Compound Interest Waiver Scheme applies to everyone but provides limited relief — Here’s everything you need to know
The Compound Interest Waiver Scheme was released by Indian’s Ministry of Finance on October 23. It …
3 mins read
A student-loan borrower who received debt cancellation a year ago was just told it was a mistake and now his $93,000 balance is reinstated
After Okwara, 36, received student-debt relief, he bought a home and started investing. But MOHELA …
Ayelet Sheffey
2 mins read
RBI and banks caught in the crosshairs as the Supreme Court adjourns loan moratorium hearing for a second time to November 18
The bench headed by Justice Ashok Bushan has adjourned the cases to November 18. It has, however…
3 mins read
It's about to get easier for government and nonprofit workers with student debt to get loan forgiveness even though the waiver expires in 6 days. Here's what you need to know.
Days before the PSLF waiver expires, Biden's Education Department announced permanent fixes to ease…
Ayelet Sheffey
3 mins read
It doesn't look like broad student-loan forgiveness will happen under Biden's new debt relief plan
While the Education Department said some student-loan borrowers could see all their debt wiped out …