By Brea Harris At three months old, my son was kicked out of his daycare. I had spent my pregnancy navigating my city’s brutal child care landscape — posting on social media looking for nanny shares, adding my name to year-long waitlists, and wondering how I was going to pay the astronomical daycare fees. So, […]
Tag: student loans
Posted inNational News
Not all debt is created equal: Understanding the difference between good and bad debt
By Megan SaylesAFRO Staff Writermsayles@afro.com Debt is often treated as a bad word though taking out loans and swiping credit cards is commonplace and unavoidable for most households across the country. However, not all debt is “bad” debt. At times, taking on debt may be a necessary stepping stone in achieving a financial goal. The […]
Posted inU.S. Government
White House rescinds memo freezing federal money after widespread confusion
President Donald Trump’s office rescinded a memo freezing spending on federal loans and grants after an outcry from states, organizations, and citizens across the country, with the administration insisting that their actions still had the intended effect by underscoring their obligations to abide by Trump’s executive orders.
Posted inU.S. Government
Biden Administration announces $1.2 billion in student debt forgiveness for 153,000 borrowers
By Stacy M. Brown, NNPA Newswire In a significant move to alleviate the burden of student debt, the Biden administration revealed on Feb 21, its decision to automatically forgive $1.2 billion in student loans for 153,000 borrowers. Those eligible for debt relief are individuals enrolled in the saving on a valuable Education (SAVE) repayment plan […]