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.
Federal student loan borrowers can take advantage of the government-mandated freeze on payments and interest (which is slated to last until January 2022). That makes now the perfect time to take a beat, take a breath, and make a plan. Your instincts are spot-on: it’s wise to start your portfolio…
Is President Biden thinking of cancelling student loan debt? Congressional Democrats have high hopes for May 1. If President Biden heeds their advice, that would be the day he extends the student loan payment moratorium set to expire. Of course, that isn’t enough for progressive pols. In a letter Thursday,…
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President Joe Biden has so far been a compliant rubber-stamp for the hard-left, so expect him to eventually channel Sen. Elizabeth Warren when it comes to Student loan debts. Indeed, the president this month asked his education secretary to prepare a report on whether the executive branch has the authority…
My wife and I had our first baby in June. As the breadwinner, my wife just returned to work after 12 weeks of unpaid maternity leave. Our savings are a bit low and she is now “asking for my blessing” to work part-time. This is distressing to me for several…
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…
