#financial-hardship

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#student-loans

Biden tries again at student loan cancellation, this time for those with financial hardships

The Biden administration is proposing a new path for student loan cancellation targeting borrowers in financial distress, potentially aiding 8 million Americans.

Biden to Withdraw Unfinished Student Debt Proposals for 38 Million Borrowers

The Biden administration withdraws student loan regulations, anticipating challenges from a potential Trump administration.

Biden tries again at student loan cancellation, for those in financial hardship

The Biden administration proposes a new student loan cancellation rule aimed at borrowers facing significant financial hardships, potentially helping 8 million Americans.

Student loan forbearance vs. deferment-the key differences and how to choose

Student loan borrowers often face changing financial circumstances, making forbearance and deferment useful but potentially costly options due to accruing interest.

Biden administration releases proposed guidelines for student loan hardship

Biden administration's proposed guidelines for student loan hardship relief are likely to include automatic relief for borrowers in default.
Factors considered in assessing hardship for loan relief include income, assets, loan balance, repayment status, and more.

Biden tries again at student loan cancellation, this time for those with financial hardships

The Biden administration is proposing a new path for student loan cancellation targeting borrowers in financial distress, potentially aiding 8 million Americans.

Biden to Withdraw Unfinished Student Debt Proposals for 38 Million Borrowers

The Biden administration withdraws student loan regulations, anticipating challenges from a potential Trump administration.

Biden tries again at student loan cancellation, for those in financial hardship

The Biden administration proposes a new student loan cancellation rule aimed at borrowers facing significant financial hardships, potentially helping 8 million Americans.

Student loan forbearance vs. deferment-the key differences and how to choose

Student loan borrowers often face changing financial circumstances, making forbearance and deferment useful but potentially costly options due to accruing interest.

Biden administration releases proposed guidelines for student loan hardship

Biden administration's proposed guidelines for student loan hardship relief are likely to include automatic relief for borrowers in default.
Factors considered in assessing hardship for loan relief include income, assets, loan balance, repayment status, and more.
morestudent-loans
#carers-allowance

Hundreds of thousands hit by ruinous carer's allowance penalties, audit shows

The DWP has failed to address overpayment issues for unpaid carers, resulting in significant penalties and hardship despite assurances of reform.

Carer's Allowance overpayment debt rises to 250m

Outstanding debt from Carer's Allowance overpayments rose to over £250 million, raising concerns about the system’s effectiveness in supporting carers.

The financial, physical and emotional toll of being an unpaid carer | Letters

Unpaid carers face significant financial, physical, and emotional challenges without adequate government support.
Millions of unpaid carers have to cut back on paid work or quit jobs due to caring responsibilities, while facing strict eligibility criteria for carer's allowance.

Hundreds of thousands hit by ruinous carer's allowance penalties, audit shows

The DWP has failed to address overpayment issues for unpaid carers, resulting in significant penalties and hardship despite assurances of reform.

Carer's Allowance overpayment debt rises to 250m

Outstanding debt from Carer's Allowance overpayments rose to over £250 million, raising concerns about the system’s effectiveness in supporting carers.

The financial, physical and emotional toll of being an unpaid carer | Letters

Unpaid carers face significant financial, physical, and emotional challenges without adequate government support.
Millions of unpaid carers have to cut back on paid work or quit jobs due to caring responsibilities, while facing strict eligibility criteria for carer's allowance.
morecarers-allowance

COVID is still taking a toll on Americans' finances

Long COVID continues to severely impact the finances of many Americans, exacerbating issues like food insecurity and utility service interruptions.
The economic burden of long COVID is felt across all income levels, but particularly by those with lower incomes.

Rudy Giuliani Tells Judge He's Completely Out of Cash After Defamation Ruling: I Can't Pay My Bills'

Giuliani's financial struggles stem from a court order to pay $150 million to election workers.

Ministers told to raise sick pay as report says 1.6m would be unable to pay bills

Increase the basic rate of statutory sick pay is urged to prevent financial hardship for 1.6 million people.
#legal-issues

Judge says Carollo's wages should not be garnished to satisfy $63M Ball & Chain verdict

Joe Carollo wins a legal recommendation to protect his wages and home from garnishment amidst a multimillion-dollar judgment against him.

Karen Read Sells Mansfield Home as She Prepares for New Trial in Death of Boyfriend John O'Keefe

Karen Read sold her home amid significant debt and awaits a new trial for the alleged murder of her boyfriend.

Woman ordered by Ontario to pay $15K in unpaid wages to workers at funeral home she says she never owned | CBC News

A woman claims she is unjustly liable for over $15,000 to unpaid funeral home workers after being named a director without her consent.

Judge says Carollo's wages should not be garnished to satisfy $63M Ball & Chain verdict

Joe Carollo wins a legal recommendation to protect his wages and home from garnishment amidst a multimillion-dollar judgment against him.

Karen Read Sells Mansfield Home as She Prepares for New Trial in Death of Boyfriend John O'Keefe

Karen Read sold her home amid significant debt and awaits a new trial for the alleged murder of her boyfriend.

Woman ordered by Ontario to pay $15K in unpaid wages to workers at funeral home she says she never owned | CBC News

A woman claims she is unjustly liable for over $15,000 to unpaid funeral home workers after being named a director without her consent.
morelegal-issues

It's Veterans Day. The VA says it can't help thousands of vets it left stranded

The VA home loan program, designed to assist veterans, has unintentionally stranded many in high-cost mortgages, worsening financial burdens.

Loan charge under review: Second inquiry into controversial contractor tax policy announced | Computer Weekly

The UK government is reviewing the controversial Loan Charge tax policy affecting thousands of IT contractors since 2019.
#pandemic-impact

Were you better off four years ago? Seven US voters weigh their options

Voters' perceptions of their financial well-being will heavily influence the upcoming election's outcome.

After a Massive Dip in Summer Sales, Berkeley's Bartavelle Cafe Is Closing

Bartavelle Cafe is closing after facing severe financial struggles, with owners seeking community support to avoid complete closure.

Were you better off four years ago? Seven US voters weigh their options

Voters' perceptions of their financial well-being will heavily influence the upcoming election's outcome.

After a Massive Dip in Summer Sales, Berkeley's Bartavelle Cafe Is Closing

Bartavelle Cafe is closing after facing severe financial struggles, with owners seeking community support to avoid complete closure.
morepandemic-impact
#student-debt-relief

Biden Administration Floats Student Loan Relief for Borrowers Facing Hardship

The Biden administration aims to relieve student debt for eight million borrowers facing financial hardships.

Biden's debt relief plan focuses on borrowers in hardship

Biden's new debt-relief plan aims to help eight million borrowers but may face legal hurdles before implementation.

8 million student-loan borrowers struggling to afford key long-term expenses could get debt cancellation through a new Biden proposal

The Education Department's new proposal aims to relieve student debt for borrowers facing significant financial hardships.

Biden Administration Floats Student Loan Relief for Borrowers Facing Hardship

The Biden administration aims to relieve student debt for eight million borrowers facing financial hardships.

Biden's debt relief plan focuses on borrowers in hardship

Biden's new debt-relief plan aims to help eight million borrowers but may face legal hurdles before implementation.

8 million student-loan borrowers struggling to afford key long-term expenses could get debt cancellation through a new Biden proposal

The Education Department's new proposal aims to relieve student debt for borrowers facing significant financial hardships.
morestudent-debt-relief

Sagent's Dara: Advancing mortgage loss mitigation

Sagent's Dara platform modernizes mortgage assistance applications, improving user experience and operational efficiency for mortgage servicers.
#government-policy

I have 7 in my bank account': how the two-child benefit cap changed Britain

The two-child benefit cap is causing severe financial hardship for families, affecting their ability to support their children.

Couple suing UK government over losing winter fuel payment scared to turn on cooker

The couple fears the impact of winter fuel payment cuts, highlighting the challenges faced by pensioners due to government financial decisions.

I have 7 in my bank account': how the two-child benefit cap changed Britain

The two-child benefit cap is causing severe financial hardship for families, affecting their ability to support their children.

Couple suing UK government over losing winter fuel payment scared to turn on cooker

The couple fears the impact of winter fuel payment cuts, highlighting the challenges faced by pensioners due to government financial decisions.
moregovernment-policy

80% of older adults can't afford to age in place

The majority of older Americans face financial challenges that hinder their ability to afford necessary care and living arrangements.

A veteran cinematographer says he can barely afford a $5 McDonald's value meal since the Hollywood strikes

The Hollywood strikes have severely impacted the livelihood of cinematographers and related professionals, leading to dire financial situations.

Forever Young festival organiser seeks appointment of liquidators as fans still waiting on refunds worth 300,000

Thousands of fans are waiting for €300,000 in refunds after being denied entry to a music festival due to safety issues.
The Forever Young Music Festival has ceased operations following financial difficulties compounded by a lack of adequate insurance.

Acclaimed Bay Area coffee roaster is $3.3 million in debt, files for bankruptcy

Red Bay Coffee has filed for Chapter 11 bankruptcy primarily due to over $3.3 million in debt from the pandemic and lawsuits.

Building a delivery app in the world's internet shutdown capital

The article highlights diverse personal and social challenges faced by individuals across different regions and platforms.

Pensioner, 90, fears he won't survive winter due to fuel payment cuts

Pensioner Roy Roots expresses fear of winter survival due to potential fuel payment cuts exacerbating reliance on limited resources.

People We Meet: Street vendor Jose Barajas' last 10 months have been his worst yet

The article highlights the impact of a street vending ban on permitted vendors, causing financial hardships and displacement.

I'd Long Wanted to Donate a Piece of My Body to Help Someone. Now I Do It to Make Ends Meet.

The struggle of financial hardship and the need for additional income during graduate schooling.

Not a Friendly town: The last Boston Friendly's has closed

Friendly's Ice Cream closed its last Boston location in Boston Logan Airport due to financial hardship during the COVID-19 pandemic.
The chain's future is uncertain despite attempts to revive the business model in Texas.

Biden Guidelines For Student Loan Forgiveness Aid Debtors Close To Default

Biden administration proposes student loan debt relief guidelines, including potential full balance waiver.
Wide student loan forgiveness may relieve financial burdens, impact major life decisions, and serve as a beneficial PR move for the Biden administration.

Ministers urged to double maternity pay as mums choose to heat or eat

Mothers are struggling to afford basic necessities like food and heating due to low maternity pay.
Many mothers are experiencing health problems and mental health issues as a result of financial stress during pregnancy.

Sadiq Khan is allocating 123 million of GLA funding to freeze TfL fares until March 2025

The Mayor of London, Sadiq Khan, is freezing TfL fares for a year to support Londoners struggling with the cost of living and London's recovery from the pandemic.
The Mayor is proposing £123m of additional funding to TfL to freeze fares at a time when Londoners are facing rising costs for food and energy bills.
TfL fares set by the Mayor in 2024 will be 14% lower than if they had risen in line with National Rail fares, and 21% lower than if they had risen in line with RPI since 2016.
#financial hardship

The winter allowances and support can you claim in cold weather

Many households in the UK are facing financial hardship as they turn on their heating for the first time during the cost-of-living crisis.
The fall in the energy price cap will provide some relief, but the costs are still significantly higher than before the crisis.

McGonigal's in downtown Barrington 'not generating nearly enough business' to stay afloat and will close month-end

McGonigal's Pub, a popular gathering spot in Barrington, is closing down at the end of the month due to financial hardship.
Owner Bryan McGonigal expressed sadness over the closure and acknowledged the loyal patrons and staff who have supported the pub over the years.

The winter allowances and support can you claim in cold weather

Many households in the UK are facing financial hardship as they turn on their heating for the first time during the cost-of-living crisis.
The fall in the energy price cap on October 1 will provide some relief, but the cost is still significantly higher than pre-crisis levels.

The winter allowances and support can you claim in cold weather

Many households in the UK are facing financial hardship as they turn on their heating for the first time during the cost-of-living crisis.
The fall in the energy price cap will provide some relief, but the costs are still significantly higher than before the crisis.

McGonigal's in downtown Barrington 'not generating nearly enough business' to stay afloat and will close month-end

McGonigal's Pub, a popular gathering spot in Barrington, is closing down at the end of the month due to financial hardship.
Owner Bryan McGonigal expressed sadness over the closure and acknowledged the loyal patrons and staff who have supported the pub over the years.

The winter allowances and support can you claim in cold weather

Many households in the UK are facing financial hardship as they turn on their heating for the first time during the cost-of-living crisis.
The fall in the energy price cap on October 1 will provide some relief, but the cost is still significantly higher than pre-crisis levels.
morefinancial hardship

A watchdog group targets payday lenders with a 2 strikes' rule to help borrowers

Payday loans put borrowers at significant risk due to high interest rates and rollover cycles, leading to long-term financial hardships.

L.A. County plans to put $5 million toward wiping out medical debt

Los Angeles County allocates $5 million to relieve medical debt for low-income residents through partnership with Undue Medical Debt.
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