Big student loan forgiveness plan announced by Biden

President Joe Biden on Wednesday announced detailed plans to deliver on a campaign promise to provide $10,000 in student debt cancellation for millions of Americans—and up to $10,000 more for those with the greatest financial ...

Biden's student loan plan: What we know (and what we don't)

President Joe Biden said Wednesday that many Americans can have up to $10,000 in federal student loan debt forgiven. That amount increases to $20,000 if they went to college on Pell grants. Here's what we know so far and ...

The pandemic, online shopping, and the shift towards 're-commerce'

We live in a digital age where online shopping is more popular than ever. Sitting in the comfort of one's home and browsing a seemingly endless amount of goods has certainly made our lives easier. Everything's merely a click ...

Short-term debt comes with a penalty in the cost of equity

A new study finds that investors want to be compensated, in the form of higher returns, for holding the stock of firms that have a relatively higher proportion of short-term debt, rather than long term debt

How the debt crisis of 2008-09 fueled populist politics

The economic downturn of 2008-09 has often been described as a financial-sector crisis, featuring failing banks. But it was much more than that. Many people with stagnant or dropping incomes, having borrowed to sustain their ...

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