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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
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
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 Tangalakis-Lippert
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
₹2.5 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.
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
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
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
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
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
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
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…
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…
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…
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
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…
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 …
80,000 student-loan borrowers are getting $5 billion in debt cancellation they 'rightfully earned' through repayment plans, Biden's Education Department says
The Education Department announced the latest batch of student-loan borrowers getting debt relief t…
Ayelet Sheffey
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…
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 …