Student loan forgiveness, the possibility that the U.S. government could write off a large portion of the country's $1.7 trillion of student debt, has become a popular idea in recent months.
U.S. President elect Joe Biden campaigned last year on a promise to forgive at least $10,000 in student loans per borrower, potentially helping 43 million Americans who are typically paying between $200 and $300 per month toward their student loan.
Izabella's father, Peter, placed a notice in the Times of London announcing her birth and included a ... [+] bitcoin address that friends and family could donate to.
Peter Bowles
The bitcoin fund, set-up to try to cover college fees, doubled in its first year and grew by over 400% from January 2020 to January 2021—though it crashed along with most other assets in the March before quickly rebounding.
"My guess has always been that the fund could be worth serious money in the future—somewhere in the six or seven figures," Peter, who plans to hold onto the cryptocurrency until his daughter turns 18 regardless of its performance, said, speaking last year.
"Or it could just be worth a tin of Heinz baked beans, fitting for a student. My plan is to leave it there like an art installation, not get tempted to cash out and see what happens. If it doesn’t make any money at all and is just worth a tin of beans then I’ll enter them for the Turner Prize—a work that’s been 18 years in the making."
When Izabella was born, Peter placed a notice in the Times of London newspaper, the same newspaper bitcoin's mysterious creator Satoshi Nakamoto took his now infamous "Chancellor on the brink of second bailout" headline from, announcing her birth along with her bitcoin account address. The address has seen some 300 donations from around the world.
President-elect Joe Biden (Photo by Ethan Miller/Getty Images) Getty Images Do you have questions about Joe Biden’s plan to cancel student loans? Here’s what you need to know. Student Loans Will you get student loan forgiveness? When will you get student loan forgiveness? These may be some of the questions…
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FORT WAYNE, Ind. (WPTA21) — With 2021 kicking into gear, stimulus checks are starting to roll in to help give people some relief. But what about former college students needing some help to pay off student loans? ABC21 talked with Myles Trowell, who graduated from Indiana University in 2018. His student loan payments are coming…
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