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your moneyThere are still plenty of ways to get your student debt wiped away. That’s because the Supreme Court’s disapproval of the plan does not change laws and regulations that already give many federal student loan borrowers an escape hatch. What follows is a list of ways to eliminate your federal student loan balance aside from paying in full. If you know someone who is struggling with student loan debt, suggest that the borrower review every last option. Bankruptcy DischargeYes, you can discharge your student loan debt by filing for personal bankruptcy.
Persons: Biden’s, , It’s, Biden, Tara Siegel Bernard, Ann Carrns, Ann, Donald J, Trump, Tara Organizations: U.S . Department of Education, Education Department, Public, Westwood College, Corinthian Colleges, DeVry University, ITT Technical Institute, Social Security Administration, Department of Veterans Affairs Locations: forbearance
It may seem a strange question to pose after the collapse of First Republic Bank, the second-largest such failure in U.S. history, but many industry experts say that its problems were unique to the once high-flying lender. Investors have also appeared to reach that view: As First Republic hurtled toward collapse, with its stock dropping precipitously, financial markets were far calmer than in mid-March, when the failures of Silicon Valley Bank and Signature Bank provoked a panic that engulfed the industry. The S&P 500 stock index rose in the hours after, as did shares of JPMorgan. The moves in smaller banks’ shares, which were shaken by the turmoil in March, were largely muted. Echoing the failures of Silicon Valley Bank and Signature Bank, First Republic collapsed after depositors and investors abandoned the institution, pulling their money and selling their shares in droves.
The abrupt collapse of Silicon Valley Bank and Signature Bank threw the entire industry into turmoil and exposed fissures in the financial foundations of some smaller banks. A month later, the nation’s biggest banks are raking in billions and will likely keep doing so even if the economy softens. Deposits are falling and the cost of keeping customers is rising, eating into profits. And fears remain about the value of investments and loans, especially ones backed by real estate. One of the banks attracting the most concern among investors, First Republic, is set to report its results on Monday after the markets close.
If you have federal student debt, you’re probably anxiously waiting for the Supreme Court to decide on whether the Biden administration has the authority to cancel up to $20,000 of those loans. It’s been more than three years since most borrowers have had to make loan payments, which were paused at the start of the pandemic. But once the highest court issues its ruling, which is expected by the end of June, monthly payments are likely to resume within a few months. The uncertainty has left millions of borrowers in a state of limbo and with lingering questions. What sort of repayment plans are available?
NEW YORK — Hundreds of journalists and other employees at The New York Times began a 24-hour walkout Thursday in what would be the first strike of its kind at the newspaper in more than 40 years. But New York Times spokesperson Danielle Rhoades Ha said in a statement that they were still in negotiations when they were told that the strike was happening. The NewsGuild also said the company told employees planning to strike they would not get paid for the duration of the walkout. Members were also asked to work extra hours get work done ahead of the strike, according to the union. The New York Times has seen other, shorter walkouts in recent years, including a half-day protest in August by a new union representing technology workers who claimed unfair labor practices.
Stacy Cowley holds a sign outside the New York Times building in Manhattan, New York, U.S., December 8, 2022. Joe Kahn, executive editor of The Times, said in a note to staff, “We will produce a robust report on Thursday. “We’re asking readers to not engage in any [New York Times] platforms tomorrow and stand with us on the digital picket line!,” Amanda Hess, a critic-at-large for the newspaper, wrote on Twitter. New York Times reporter Nikole Hannah-Jones speaks outside the Times' office, Thursday, Dec. 8, 2022, in New York. “When Times management comes to the bargaining table with their insulting and disrespectful offers, they have to explain it to a room full of their own employees—and they hate it.
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