figurines net – The Dreamsicles http://thedreamsicles.com/ Fri, 24 Jun 2022 19:33:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://thedreamsicles.com/wp-content/uploads/2021/06/favicon-12-150x150.png figurines net – The Dreamsicles http://thedreamsicles.com/ 32 32 Biden forgives student loan debt for 200,000 borrowers – Forbes Advisor https://thedreamsicles.com/biden-forgives-student-loan-debt-for-200000-borrowers-forbes-advisor/ Fri, 24 Jun 2022 19:33:40 +0000 https://thedreamsicles.com/biden-forgives-student-loan-debt-for-200000-borrowers-forbes-advisor/ Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. If you were defrauded by a college and have since been paying, hoping for your student loan to be forgiven, you might feel like you just won the lottery. On June 23, […]]]>

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors.

If you were defrauded by a college and have since been paying, hoping for your student loan to be forgiven, you might feel like you just won the lottery. On June 23, the Biden administration announced it would forgive student loan debt for about 200,000 former students, up to $6 billion.

These students attended one of the more than 150 schools named in class action settlement, Sweet v. Cardona. The students claimed that in return for their exorbitant payments, they received an inferior and shoddy education. In short, they felt cheated – enough to sue the Department of Education.

Some of the biggest names on the list of 150 for-profit schools include DeVry University, Grand Canyon University, and the University of Phoenix. Some of the lesser-known schools on the list include the Robert Fiance Institute of Florida and the Court Reporting Institute of St. Louis.

This all happened amid talks that the White House could forgive $10,000 in federal student debt for borrowers who earn less than $150,000 a year. So far, these are just discussions, but the White House has hinted that a decision will be made soon.

While navigating the high cost of food and gas and other inflationary expenses, about 43 million Americans are currently paying off $1.75 trillion in student debt. So for some borrowers, that $10,000 student debt decision can’t come soon enough.

Why This Student Loan Debt Is Forgiven

This $6 billion student loan forgiveness is part of a solution to a long-simmering problem – predatory, for-profit schools that leave their students worse off than if they hadn’t attended and contracted loans.

In 2010, the United States Government Accountability Office (GAO) sent undercover people to 15 for-profit colleges and found that all 15 colleges made misleading or otherwise questionable statements to applicants. Four colleges actually encouraged applicants to engage in fraudulent practices, such as lying on federal aid forms.

In 2019, 264,000 borrowers banded together and sued the Department of Education, hoping to take advantage of a federal program called “borrower defense until repayment.” While the Sweet v. Cardona guarantees that 200,000 borrowers will no longer have to repay their loans and get back the money they paid, an additional 64,000 applicants are still having their files reviewed.

The Borrower’s Defense Until Repayment program allows students to get their money back, only if there is hard evidence that they were really cheated. So if you thought you had bad teachers or just didn’t get the education you were hoping for, that probably won’t be enough to wipe out your federal student loan debt.

The settlement was just one of many student loan forgiveness cases to make headlines this year. Earlier this month, the Biden administration eliminated nearly $6 billion in loans for 580,000 borrowers who attended Corinthian Colleges, which was closed in 2015. Among other things, the educational institution aimed lucrative has been accused of deceptive marketing to students and lying to the government. on their graduation rates.

In this case, borrowers were not subject to a crippling tax bill. Often, when debts are forgiven, you still have to pay taxes on them because they are treated as “income”. But the IRS hasn’t recognized borrowers’ canceled debt as income, and it seems likely they won’t in this case either.

How to Apply for Student Loan Forgiveness if You’ve Been Scammed

If you’re not one of the 264,000 people involved in this class action lawsuit and buried in student loans, you might be wondering where you fit into all of this.

If you have been to a school and feel like you have been cheated or defrauded, you can apply for forgiveness through the Department of Borrower’s Repayment Defense Program. Education. The application process only takes about 30 minutes, according to the website, but you’ll wait longer for a response — in some cases, it can take months or even years. You can also call the Department of Education’s Borrower Advocacy Hotline at 855-279-6207, 8 a.m. to 8 p.m. ET, Monday through Friday.

Student loan debt remains a major problem for borrowers

Meanwhile, the decision to cancel $6 billion in student debt does nothing to solve the problem of student debt in general. As the US Department of Education has suspended student loan payments until August 31, 2022, anxious borrowers are anxiously awaiting what will happen when their payments resume.

“[The] This announcement is great news for thousands of borrowers who need help and is a step in the right direction, but it does not change the affordability calculations faced by students today,” says Josh Lachs, CEO of Moneythink, an educational technology nonprofit with offices. in San Francisco and Chicago.

“Students still have to make incredibly difficult decisions about how to pay for their college education; most low-income students will still need loans to get to and from school, and information about college fees and financial aid is still complex, inconsistent, and downright confusing,” adds Lachs.

How to manage student loan debt now

Prior to this latest settlement, the Biden administration had canceled $25 billion in student loans. If your debt wasn’t one of them, but you feel bogged down by what you still owe, you may have options.

“For new grads who are currently buried in student debt, each borrower’s situation is unique, but there are steps you can take to ease the burden,” Lachs says. “If you hold federal loans and are a teacher, or work in a government or non-profit job, the first step would be to investigate the loan forgiveness option. If your loans are held by individuals, consider going to a student loan assistance agency to develop a thoughtful plan for repaying your loans.

In the meantime, you can always wait and hope for relief from the Biden administration in the form of $10,000.

Read more: Best student loan refinance lenders

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“It was extremely difficult, before I got my monthly payments, to be able to pay rent, buy food”: Purdue graduate denounces alternative student loan, suspended by university https://thedreamsicles.com/it-was-extremely-difficult-before-i-got-my-monthly-payments-to-be-able-to-pay-rent-buy-food-purdue-graduate-denounces-alternative-student-loan-suspended-by-university/ Tue, 21 Jun 2022 14:46:00 +0000 https://thedreamsicles.com/it-was-extremely-difficult-before-i-got-my-monthly-payments-to-be-able-to-pay-rent-buy-food-purdue-graduate-denounces-alternative-student-loan-suspended-by-university/ When former Purdue University student Matt Wilmsen decided to try a new loan funding program that would help him avoid traditional student debt, he didn’t expect to be constantly struggling with the servicing his loan for his $29,000 in student debt. From dealing with miscommunication between his college and the loan manager, which ended up […]]]>

When former Purdue University student Matt Wilmsen decided to try a new loan funding program that would help him avoid traditional student debt, he didn’t expect to be constantly struggling with the servicing his loan for his $29,000 in student debt.

From dealing with miscommunication between his college and the loan manager, which ended up adding thousands of dollars in missed payments and increasing his monthly bill, to them mishandling his account to a new loan manager, Wilmsen said that he was at his wit’s end. trying to manage trying to stay on top of his loans.

“It was extremely difficult, before I got my monthly payments, to be able to pay rent, buy food,” Wilmsen said. “I called [the loan servicer] many times and told them that and they were very unfriendly…this whole situation was caused because Purdue made a mistake.

“I don’t want other people to have to go through some of the things that I went through.”


— Matt Wilmsen, Purdue University graduate,

Revenue sharing agreements, known as ISAs, are an alternative type of student loan financing where a borrower receives a loan and then pays a percentage of their income after graduation. The terms of an ISA depend on various factors, such as their major and projected future benefits.

ISAs are considered a type of private student loan by the government. Recently, the Consumer Financial Protection Bureau, a consumer watchdog, said the ISA industry cannot claim exemptions rules governing student lenders.

The university based in West Lafayette, Indiana Returning from a boiler programlaunched in 2016, offers ISAs to students looking for alternatives to traditional federal and private student loans.

Earlier this month, the university said it had suspended the program. “If it’s actually closed, that would be good for me,” Wilmsen said, “because I don’t want other people to have to go through some of the things that I’ve been through.”

Wilmsen’s story about his ISAs, alongside the experiences of othersoffers a cautionary tale for students looking for an alternative to taking out stacks of student loans, amid a national conversation about the student debt crisis.

“They implied that this loan was better than private loans and federal student loans, and that you’ll end up paying less per month and in total than you would with federal student loans,” Matt Wilmsen said.

MITCH DANIELS: JUSTIN CASTERLINE/GETTY

Pitfalls of taking out a non-federal student loan

Wilmsen always wanted to be an engineer.

Growing up in La Porte, Ind., surrounded by family and friends who attended Purdue, he was keen to attend the best engineering school in the area.

Determined to become an electrical engineer, Wilmsen took out a $15,000 ISA for the 2018-2019 academic year and a $14,000 ISA for the 2019-2020 academic year, according to documentation seen by MarketWatch. He also currently owes $12,000 in federal student loans in addition to ISAs.

His total monthly payment for both ISAs is nearly $600. Payments on federal student loans have been suspended since March 2020. Unlike federal loans, payments on private loans like ISAs cannot be suspended by the government.

And unlike ISAs, if President Joe Biden forgives $10,000 in student loan debt, when Wilmsen would only be left with a very manageable $2,000 debt, his $29,000 in ISAs would remain.

Purdue’s evolving ISA program due to lender withdrawal

The Back and Boiler program is no longer available to new applicants in the 2022-2023 aid year, according to the school’s website. The school has also listed a new lending service, Launch Servicing.

Wilmsen’s loans were initially handled by Vemo Education, a company that runs ISA programs. MarketWatch was unable to reach a Vemo spokesperson by phone and email at the time of publication.

A Purdue spokesperson said the college switched lending services because Vemo Education transferred service operations to Launch. Since Launch did not create an ISA for new students and only runs accounts with existing students, Purdue had to put the program on hold until it found a replacement.

The school pointed out that the suspension was due to the fact that it had not found a “suitable” company to manage the ISA program. The spokesperson also added that ISAs are a “useful” alternative to private loans and Parent PLUS.

According to Purdue’s website, more than 1,600 students have ISAs with the school, totaling about $17.9 million in dollars owed.

A Purdue University spokesperson told MarketWatch that ISAs are a “useful” alternative to private loans and Parent PLUS.

ROBYN BECK/GETTY

Wilmsen’s customer service saga

A key part of Wilmsen’s frustrations stemmed from what he claimed was the less than adequate customer service he encountered during the maintenance process. This, he added, led the company to ask him to pay a higher than expected monthly fee.

When Wilmsen graduated in May 2020, he had a six-month grace period before making his first payment. He knew the payments would be due, so he uploaded his job posting along with his salary and other information to the payment portal. But when the six months passed and he tried to initiate payments, he said he was ghosting. He repeatedly asked how the payments would be handled.

“‘You should have started charging me,'” he recalled telling Vemo. “I asked them several times…and they assured me I was fine, no payment was due yet.”

In May 2021 – a year later – he was asked to resubmit proof of employment. He called and said he had already started working and graduated months ago. It turns out the company had received the wrong graduation date from Purdue, he said.

“And they said I owed a total of $3,400.56 in missed payments, and they increased my monthly payment by $283.38,” Wilmsen said.

He was happy to repay what he owed, but the pressure to repay so much in a short period of time was strong: “At one point, I was paying $661.22 a month.

Wilmsen said he had to ask his parents for help with his finances as he tried to correct the mistake he alleged Vemo, the student loan manager, had made in assuming he didn’t. hadn’t reported his graduation a year earlier.

After pestering the account manager at Vemo to correct the error, or at least reduce the payments per month, he was successful and reduced his payment to $495.92 per month, including $118.08 per month for the months missed.

Wilmsen then received a raise from his company, which meant his revenue-sharing portion of the deal would increase his monthly payments to $594.62 per month – which included the additional $118.08 that ‘he must.

He was then moved to a new loan manager who works with Purdue, Launch Servicing, who he says is now undercharging him instead, sending Wilmsen into another worry hole as he fears he will be hit penalties later.

“They made the first payment a month ago and they’re charging me the wrong amount,” Wilmsen said. “They charge me $118.08 a month. And based on my previous experiences, I know that once they get the hang of it, they’ll come back and try to increase my payments even more. Which I couldn’t afford because I’m already paying close to $600 a month.

Srepair misfortunes

Wilmsen’s experiment resembles that maintenance of misfortunes faced by millions of other student loan borrowers across the country. Some practices of loan servicers, such as compel borrowers to abstainhave been called in by government regulators, who are trying to fix the broken system from within.

But advocates in the student loan space are wary of poor servicing practices, despite ISAs being touted as a alternative.

In 2020, the Student Borrower Protection Center and the National Consumer Law Center filed a complaint to the Federal Trade Commissionalleging that Vemo engaged in deceptive marketing practices and miscalculated student starting salaries and income growth, making ISAs cheaper and more attractive.

At the time, Vemo co-founder Jeff Weinstein told the Washington Post that the company was updating its data and said the complaint appeared to be based on an older version of its comparison tools. “ISAs are, in many ways, fundamentally different from loans, so comparing the two isn’t always straightforward,” Weinstein told the newspaper. “We are constantly working to improve our comparison tool to ensure that it is as clear and accurate as possible.”

These service issues are just the latest example of the problems inherent in ISAs, Ben Kaufman, who leads research and investigations at DC-based advocacy group the Student Borrower Protection Center, told MarketWatch.

“The ISA industry promised their product would be safer and better, but day after day we find that these private student loans are just as dangerous as what came before them,” Kaufman said.

Kaufman called ISAs a “debt trap”. He said Purdue should re-examine cases like Wilmsen’s, but also work to “totally absolve students of any obligations they may have been forced into.”

Wilmsen said he had since been told by Launch Servicing that he was not going to be charged until they drafted a new contract for him. After being contacted by MarketWatch, Launch said the company investigated and corrected the payment errors and confirmed the new numbers with Wilmsen.

“Launch Servicing is an experienced, fully licensed and compliant consumer loan servicer,” a spokesperson said. “Launch takes great pride in the level of service it provides to customers.”

Wilmsen recalled when he first saw mention of the revenue-sharing agreement program at Purdue.

“I was still living in a dormitory. I got several flyers slipped under my door and I received emails,” Wilmsen said, “all where they implied that this loan was better than private loans and federal student loans, and that you will end up by paying less per month and in total. than you would with federal student loans.

His own experience, he says, has not proven that to be the case.

Write to: aarthi@marketwatch.com

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Liverpool ‘switch’ to target Georginio Wijnaldum in shock loan as Anfield ‘whispers’ emerge https://thedreamsicles.com/liverpool-switch-to-target-georginio-wijnaldum-in-shock-loan-as-anfield-whispers-emerge/ Sun, 19 Jun 2022 20:16:02 +0000 https://thedreamsicles.com/liverpool-switch-to-target-georginio-wijnaldum-in-shock-loan-as-anfield-whispers-emerge/ Liverpool have been tipped to make a shock loan move for ex-Red Georginio Wijnaldum, just a year after leaving the club. The Dutchman left Anfield last summer on a free transfer and joined Ligue 1 giants Paris Saint-Germain. However, the move hasn’t quite gone to plan as he struggles to establish a starting spot in […]]]>

Liverpool have been tipped to make a shock loan move for ex-Red Georginio Wijnaldum, just a year after leaving the club.

The Dutchman left Anfield last summer on a free transfer and joined Ligue 1 giants Paris Saint-Germain. However, the move hasn’t quite gone to plan as he struggles to establish a starting spot in the team.

In a recent report by Irish daily starit has been suggested that there are ‘whispers’ of the Reds considering a loan move for Wijnaldum as a stopgap signing.

READ MORE: Calvin Ramsay’s £6.5m transfer confirmed, Liverpool contract terms and fees explained

READ MORE: What Raheem Sterling’s £60m exit from Man City means for Liverpool as the Reds prepare for a seven-figure windfall

Liverpool had an interest in Monaco midfielder Aurelien Tchouameni, until it became clear the 22-year-old only wanted a move to Real Madrid. However, having completed the signing of defender Calvin Ramsay over the weekend, it is understood the club have completed their inbound transfer activities for this window.

Wijnaldum would certainly present a positive short-term option as the club assess their long-term goals. The 31-year-old is familiar with the Premier League and the club having spent five years on Merseyside.

He played a vital role in Liverpool’s Champions League and title-winning campaigns before his move to France. Yet he has been continuously linked with a return to England as his minutes at PSG have dwindled.

Wijnaldum was also voted by fans as the Ligue 1 ‘flop signing’ of the season. It was far from the start of life in Paris that he would have hoped for.

However, any move for Wijnaldum would be a surprise given provisional signings have become scarce for Liverpool in recent years. There seems to be no desperate need to strengthen the midfield as the club are happy to wait until next year.

Liverpool were forced to dip into the market in the January 2021 transfer window as they were reduced to the bare essentials at centre-back. Ben Davies has signed from Preston North End, while Ozan Kabak has joined Schalke on loan for the remainder of the 2020/21 season.

The club were then able to pursue long-term target Ibrahima Konate in the summer, who joined RB Leipzig for £36million. At present, however, Liverpool have plenty of midfield options.

Fabinho, Thiago, Jordan Henderson and Naby Keit a will all have a big role to play next season. James Milner has signed a one-year contract extension and youngsters Curtis Jones and Harvey Elliott could get more minutes next season. While his future is still uncertain, Alex Oxlade-Chamberlain could still fight for his place at the club.

There have also been numerous reports that PSG are set to part ways with manager Mauricio Pochettino. If so, Wijnaldum could imagine his chances of increasing his playing time under a new coach.

He is definitely one to watch this summer as speculation over his future continues to dominate the headlines.

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Inverse Finance snatched for $1.2m via flash loan attack • The Register https://thedreamsicles.com/inverse-finance-snatched-for-1-2m-via-flash-loan-attack-the-register/ Fri, 17 Jun 2022 21:34:00 +0000 https://thedreamsicles.com/inverse-finance-snatched-for-1-2m-via-flash-loan-attack-the-register/ A Decentralized Autonomous Organization (DAO) called Inverse Finance has had an exchangeable cryptocurrency stolen for $1.2 million, just two months after it was taken for $15.6 million. “Inverse Finance’s Frontier money market has been the subject of a oracle price manipulation incident which resulted in a net loss of $5.83 million in DOLA with the […]]]>

A Decentralized Autonomous Organization (DAO) called Inverse Finance has had an exchangeable cryptocurrency stolen for $1.2 million, just two months after it was taken for $15.6 million.

“Inverse Finance’s Frontier money market has been the subject of a oracle price manipulation incident which resulted in a net loss of $5.83 million in DOLA with the striker earning a total of $1.2 million,” the organization said Thursday in a post attributed to its chief growth officer “Patb.”

And Inverse Finance would like to recover its funds. Listing the actions the DAO intends to take in response to the incident, Patb said: “First, we encourage the person(s) behind this incident to return the funds to the DAO Inverse Finance in exchange for a generous bonus.”

This seems unlikely given that the attacker funneled the funds via Tornado Cash, a cryptocurrency mixing or toggling protocol designed to hide the source of funds. Coincidentally, the service is popular for money laundering.

The net loss of $5.83 million represents funds borrowed by the attacker from the DAO to carry out the attack. Inverse Finance therefore views it as a bad debt rather than funds that need to be refunded to an individual.

The DAO, based by Nour Haridy in 2020, doesn’t provide much detail about these things running, if anyone can be said to be running things in a “decentralized autonomous organization”.

Inverse Finance hit the headlines in April after being exploited for $15.6 million.

The register reached out to people associated with Inverse Finance via Twitter and Discord in hopes of asking a few questions.

We managed to reach Patb via Discord. Here’s how the conversation went (with minor edits for proper capitalization and readability):

ElReg: Is Inverse Finance really an incorporated business anywhere? Or just a group of people?

patb: Not incorporated – a DAO. Can you share a bit of context on what you write?

ElReg: Working on a story about the recent $1.2 million hack. So how do DAOs work from a legal standpoint? If disgruntled investors want to sue someone, do they name the principals individually? And do you know if the hack was the result of a bug in your smart contract code? Or was it the result of code created by others?

patb: Not our smart contract code.

ElReg: Can you elaborate? Do you have any idea how the bug appeared? Also, how come the team members aren’t fully named other than Nour? It seems that including this type of information would help build trust. I would not want to invest funds in an entity with no fixed address and few identified principals.

At that point, the conversation stopped for 18 minutes. Patb eventually responded with a link to the Inverse Finance post quoted above. Another question remained unanswered at the time this story was filed.

Patb’s blog post provides details of what happened, but these are rather difficult to decipher for those not steeped in cryptocurrency lingo:

Basically, the attacker used a flash loan – a loan taken out and immediately repaid – to trick the protocol and obtain control of the assets.

According to Patb’s post, Inverse Finance is “adding additional security operations talent to the Inverse team.” This follows “a competent third-party team to review the architecture and implementation of the oracle involved in today’s incident” and post-April incident input and guidance.

If you still don’t know what a DAO is or why someone would invest money in such a thing, you might find some kind of answer on Investopediaamong other resources for deciphering the deliberately obtuse terminology of the cryptocurrency world.

Here’s a salient passage: “The developers of the DAO believed they could eliminate human error or manipulation of investor funds by placing decision-making power in the hands of an automated system and participatory process.”

Let it sink in. Maybe even read it a second time.

As for Inverse Finance, at least the thief didn’t run away with the company’s optimism.

“We are also taking immediate action to incentivize additional liquidity in the DOLA-3POOL,” Patb’s message concludes. “More information on this will be available soon.” ®

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Suriname government denies secret loan with Italian company https://thedreamsicles.com/suriname-government-denies-secret-loan-with-italian-company/ Wed, 15 Jun 2022 05:40:58 +0000 https://thedreamsicles.com/suriname-government-denies-secret-loan-with-italian-company/ Suriname’s government has broken its silence over allegations it signed a multibillion-dollar loan deal with an Italian building and construction company last year amid criticism from opposition lawmakers. The government of President Chandrikapersad “Chan” Santokhi is said to have sought a loan agreement with the Italian company MAEC 87 SRLin case talks with the International […]]]>

Suriname’s government has broken its silence over allegations it signed a multibillion-dollar loan deal with an Italian building and construction company last year amid criticism from opposition lawmakers.

The government of President Chandrikapersad “Chan” Santokhi is said to have sought a loan agreement with the Italian company MAEC 87 SRLin case talks with the International Monetary Fund (IMF) fail.

“This is completely far from the truth. The intention of this loan was never realized, so the financial transactions never took place. During this period, it was a possible loan option of two billion US dollars at an interest rate of 0.5%. However, this never took effect,” the president’s office said in a statement.

– Advertising –

In April last year, the IMF announced that it had concluded a three-year, US$690 million program under the Extended Financing Facility (EFF).

Opposition lawmaker Rabin Parmessa told parliament last Friday that the government had secretly entered into a US$2 billion loan deal with MAEC 87 SRL, against any government’s rules for acquiring such loans. from the Dutch-speaking country.

He said a government guarantee of US$4 billion had been provided for the loan, submitting to parliament what he said was a memorandum of understanding between MAEC 87 SRL and the government, along with the government guarantee. State.

The documents were reportedly signed by the Minister of Finance and Planning, Armand Achaibersing, and the Minister of Foreign Affairs, International Trade and International Cooperation, Albert Ramdin.

According to the memorandum of understanding, the loan would benefit a limited company, Surfin NV, created by the government, which would be used to carry out development projects.

Parmessar told parliament that Surfin NV apparently does not exist because it is not on the register of the Chamber of Commerce and Industry.

According to the letter, the loan is a “private loan facility” for financing development projects to be carried out by Surfin NV in Suriname. The loan has an annual interest rate of 0.5% with a term of 20 years. It has a grace period of five years.

For the loan, Surfin NV opened a bank account with the Federal Reserve Bank of New York in New York.

But in a statement, the government claimed that the National Democratic Party (NDP) led by former President Desi Bouterse presented a confidential memorandum of understanding from January 2021, falsely giving the impression that it had contracted a two billion dollar loan and that the funds have since been transferred to private accounts.

The government said many unfavorable loans at high interest rates had been taken out by the previous government, referring to the Oppenheimer loans amounting to US$675 million with an interest rate of almost 13% .

He said that as a result, Suriname found itself in a situation of default, a situation in which creditors were told they could not repay. The heavy debt burden is the origin and fundamental reason why the country is currently going through a financial and economic crisis.

The creditors have expressed their willingness to discuss with the current government, but on condition that an IMF program is launched.

The government said at the time that there was still no idea of ​​the outcome of the IMF option, adding “so it was important to have a fallback in case the program failed. of the IMF”.

The statement adds that in this context, President Santokhi has appointed a committee of government ministers to explore debt restructuring options, with the aim of reducing the level of interest rates from almost 13% to manageable proportions. .

To this end, confidential talks and negotiations have been held with various national and international parties in a transparent manner involving the Central Bank of Suriname.

According to the government, the loan would be used to repay part of the existing loans as well as to raise funds for the management of the assumed financial debt, the reduction of poverty and the stimulation of investments in the manufacturing sector.

CMC/

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SWISS terminates bank loan facility in full recovery – Airways Magazine https://thedreamsicles.com/swiss-terminates-bank-loan-facility-in-full-recovery-airways-magazine/ Sun, 12 Jun 2022 14:35:25 +0000 https://thedreamsicles.com/swiss-terminates-bank-loan-facility-in-full-recovery-airways-magazine/ DALLAS – SWISS International Air Lines AG (LX) announced that it terminated its bank loan before the end of the term. The loan, 85% guaranteed by the Swiss Confederation, was issued to protect the airline following the pandemic outbreak in March 2020 and was due to end in 2025. As part of the Lufthansa Group, […]]]>

DALLAS – SWISS International Air Lines AG (LX) announced that it terminated its bank loan before the end of the term.

The loan, 85% guaranteed by the Swiss Confederation, was issued to protect the airline following the pandemic outbreak in March 2020 and was due to end in 2025.

As part of the Lufthansa Group, LX was also backed by a CHF 500 million loan from its parent company. During one of the worst downturns in aviation history,

Airbus A330-300 SWITZERLAND (HB-JHL). Photo: Alberto Cucini/Airways.

Economy measures


SWISS has taken extensive cost-cutting measures to protect its financial position. This saw its fleet reduced by around 15% and its manpower reduced by 1,700. However, many jobs were saved with the loan, and the airline continued to operate throughout the pandemic.

“The measures we have taken are paying off,” said the airline’s chief financial officer, Markus Binkert. “After suffering cumulative losses of more than CHF 1 billion over the past two years, we have now been able to bring SWISS back to financial stability and generated positive cash flow in the first quarter of this year.”

Binkert added: “This, in turn, allows us to exit Swiss state support in advance and meet our future financial needs in the capital markets through the Lufthansa Group.”

The airline placed an initial order for six 320-seat Boeing 777-300ERs in March 2013. It now operates a fleet of 12. Photo: Alberto Cucini/Airways.

Financial stability


During the term of the loan, LX never used more than half of the total amount made available. While the aviation industry is slowly recovering, the airline is now stable enough to meet its own financing needs. The Lufthansa Group will now assume all future financial needs.

SWISS Chairman of the Board, Reto Francioni, said: “We are grateful to the Swiss Confederation, led by the Federal Department of Finance, for their confidence in the future of our company at this very difficult time. And we have demonstrated in return how much substance and additional potential we have in our ranks.

Francioni added: “Thanks to this great collaborative achievement, the Swiss Confederation, the banks and SWISS have jointly ensured that one of the most vital companies for the Swiss economy has been able to face and contain the acute threat to which she was facing the aftermath of COVID. crisis.”


Featured Image: SWISS was the launch customer for the Airbus A220. Photo: Robert Dumitrescu/Airways

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New Loan Program Invests in New Mainers with Small Business Ideas https://thedreamsicles.com/new-loan-program-invests-in-new-mainers-with-small-business-ideas/ Fri, 10 Jun 2022 22:44:00 +0000 https://thedreamsicles.com/new-loan-program-invests-in-new-mainers-with-small-business-ideas/ WE WHY THIS PROGRAM IS A CHAMPION FOR THE IMMIGRANT COMMUNITY. 20 “YOU DON’T HAVE TO GO FARO T TRY FOOD FROM AROUND THE WORLD HERE IN MAINE.. WITH AUTHENTIC COLOMBI FOOD SERVED HERE IN MAIZ BRUNSWICK.” 14;38;25″ AREPA.. 11;17;51 “WHAT DO YOUR CUSTOMERS THINK ABOUT BEING ACCESSED TO THIS KIND OF FOOD HERE IN […]]]>

WE WHY THIS PROGRAM IS A CHAMPION FOR THE IMMIGRANT COMMUNITY. 20 “YOU DON’T HAVE TO GO FARO T TRY FOOD FROM AROUND THE WORLD HERE IN MAINE.. WITH AUTHENTIC COLOMBI FOOD SERVED HERE IN MAIZ BRUNSWICK.” 14;38;25″ AREPA.. THIS ‘AREPA’.. YEAH HAHAHA.” 14;38;29 NIKY WALTER AMARIS OWNS 2 MAIZ RESTURANT LOCATNSIO AND A FOOD TRUCK WITH HIS WIFE MARTH A. THEY LIVED IN THE CAMEN ISLANDS. MOVING TO PORTLANDN I 20-17. 7 NTMOHS LATER.. THE PAIR STARTED THEIR MAIZ RESTAURANT BUSINESS NIKY LE DIT NIKY WATLER AMARIS / MAIZ RESTURANT OWNE IMMIGRANYOT U DON’T HA VE CREDIT HISTORY I..FU GO YO TO A BANK NOBODY KNOWS YOU. MICROLOAN PROGRAM CALLED THE INDUS FUND ON IMMIGRANTS IN MAINE.. NI AKYND MARTHA GOT A $10,000 LOAN TO OPEN A FOOD TRUCK AND EXPAND THEIR BRAND TO SERVE AREAAS AND OTHER COLOMBIAN DISHES AT EVENTS PLANNED. 14; 25; 20 “YOU HAVE TO GIVE YOUR MAXIMUM IF YOU TRULY WANT TO SUCCEED.” C-PORT CREDIT UNION IS THE ONLY PLACE THAT OFFERS INDUS FUND LOANS TO IMMIGRANTS IN MAINE. THE MAXIMUM LOAN OFFERED IS $10,000, WITH A YEAR FE IV REPAYMENT PLAN AT A FIXED INTEREST RATE OF 3.5 PER CENT. BRANCH DIRECTOR HONORINE UWISHEMA SAYS BUSINESS IDEAS VARY FROM BEAUTY STORES TO CAFES AND HOME CARE. OF THEM WERE ALREADY HOME BUSINESS OWNERS SO IT’S GOOD THEY ARE WA NT TO CONTINUE THIS HERE AT MAE. MIMIE MOBESHA, BENEFICIARY OF THE INDUS FUND, RUNS A GROCERY STORE IN PORTLAN. D. WHO PROVIDES AFRICAN CUISINE. 11;17;51 “WHAT DO YOUR CUSTOMERS THINK ABOUT BEING ACCESSED TO THIS KIND OF FOOD HERE IN MAINE?” 11;17;55 “THEY ARE VERY HAPPY.” 11;17;58 “AND THEN THEY ASK MORE.” MIMIE SPEAKS FIVE LANGUAGES. ED SHE SAYS SHE DECIDED TO OPEN THE BUSINESS SO HER ELDERLY DAD WOULDN’T HAVE TO WORK A HARD JOB. 11;20;35 “I THINK HE WILL BE GOOD LIKE THIS AND LIVE LONGER INSTEAD OF HAVING TOO MUCH STRESS.” 11;20;46 “IT’S LIKE A GIFT FROM ME TO MY FATHER.” INDUS FUND FOUNDER KEREM DURD AG SAYS HE HAD THE IDEA. IN ORDER TO HELP CREATE GENERATIONAL WEALTH FOR ALL MAINER S. ADVANCE IF SHE DOESN’T INTENTIONALLY LOOK AT A PART OF HERSELF.” ‘HIGH INTEREST IN LOANS… DUE TO A LACK OF CREDIT HISTORY. THE INDUS FUND DOES NOT HAVE SUCH RESTRICTIONS.. AND TO DATE, THERE ARE 10 BENEFICIARIES. KEREM SAYS HE HOPE TO EXPAND TO MORE BANKS AND CREDIT UNIONS.. FOR AN OPPORTUNITY TO BE BOTH DIVERSIFIED AND INCLUSI VE IN OUR STATE. 12;53;53 “I BELIEVE THE FUTURE OF MY

New Loan Program Invests in New Mainers with Small Business Ideas

The Indus Fund is for first-generation immigrants who want to settle in Maine

The Indus Fund was established in 2019 by entrepreneur and first-generation immigrant Kerem Durdag. With the help of banking industry colleagues, Durdag formulated a microcredit program that would remove existing barriers for immigrant Mainers with little or no credit history. Durdag says, “In the past, the banking infrastructure, through no fault of its own, has been involved in highlighting immigrant communities by charging extremely exorbitant interest rates due to a lack of credit history. Credit scores don’t follow people overseas, so it was becoming a challenge for new Maine residents looking to get ahead. He says it’s important to help the immigrant community build generational wealth here in Maine, adding, “You can’t have a society moving forward if it intentionally neglects part of herself. There are currently 10 beneficiaries of the Indus Fund microcredit program. The maximum loan offered is $10,000, with a 5-year repayment plan at a fixed interest rate of 3.5%. CPort Credit Union in Portland is the only place that offers Indus Fund micro-loans to immigrant-run small businesses. Durdag says he hopes to expand the Indus Fund to more banks and credit unions in the future to have the opportunity to be more diverse and inclusive in our state.

The Indus Fund was established in 2019 by entrepreneur and first-generation immigrant Kerem Durdag. With the help of banking industry colleagues, Durdag formulated a microcredit program that would remove existing barriers for immigrant Mainers with little or no credit history. Durdag says, “In the past, the banking infrastructure, through no fault of its own, has been involved in highlighting immigrant communities by charging extremely exorbitant interest rates due to a lack of credit history. Credit scores don’t follow people overseas, so it became a challenge for new Mainers looking to advance.

Durdag says the immigrant population in Maine is 75,000 out of 1.3 MILLION, or less than 5%. He says it’s important to help the immigrant community build generational wealth here in Maine, adding, “You can’t have a society moving forward if it intentionally neglects part of herself.

There are currently 10 beneficiaries of the Indus Fund microcredit program. The maximum loan offered is $10,000, with a 5-year repayment plan at a fixed interest rate of 3.5%. CPort Credit Union in Portland is the only place that offers Indus Fund micro-loans to immigrant-run small businesses. Durdag says he hopes to expand the Indus Fund to more banks and credit unions in the future to have the opportunity to be more diverse and inclusive in our state.

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Chelsea tell Romelu Lukaku he can join Inter on loan if finances are good | chelsea https://thedreamsicles.com/chelsea-tell-romelu-lukaku-he-can-join-inter-on-loan-if-finances-are-good-chelsea/ Wed, 08 Jun 2022 22:29:00 +0000 https://thedreamsicles.com/chelsea-tell-romelu-lukaku-he-can-join-inter-on-loan-if-finances-are-good-chelsea/ Chelsea have told Romelu Lukaku he will be allowed to join Internazionale on loan if the deal makes sense financially. Lukaku is desperate to return to Inter after falling out of favor at Chelsea, who broke their transfer record by buying the striker for £97.5million last summer, and all parties want the transfer materializes. Thomas […]]]>

Chelsea have told Romelu Lukaku he will be allowed to join Internazionale on loan if the deal makes sense financially.

Lukaku is desperate to return to Inter after falling out of favor at Chelsea, who broke their transfer record by buying the striker for £97.5million last summer, and all parties want the transfer materializes.

Thomas Tuchel has no intention of getting in the Belgian’s way and talks between the clubs are ongoing.

New Chelsea owners Todd Boehly and Clearlake Capital have made it clear to Lukaku that they are ready to find a solution with Inter.

Lukaku was disappointing last season and doesn’t seem suited to Tuchel’s system. Boehly and Behdad Eghbali, the co-founder of Clearlake, will be guided by Tuchel on football matters and have taken into account their manager’s views on the 29-year-old striker.

However, a significant amount of work needs to be done if Lukaku, whose lawyer has been in contact with Inter, is to leave. Inter cannot afford to sign him permanently and Chelsea, who could join the race to sign Gabriel Jesus from Manchester City, could demand up to £25m in loan fees. They will also want the Italian club to cover a large part of the former Manchester United player’s £325,000 weekly wage.

It might be difficult for Inter to meet these demands given that financial problems forced them to sell Lukaku last year. They are trying to sign Paulo Dybala, with the Argentine striker set to leave Juventus on a free transfer but could lose more key players. Tottenham want to bolster their defense by signing Alessandro Bastoni and have targeted Italian international Inter centre-back Milan Skriniar, who has been linked with Chelsea. Inter could also receive offers for their striker Lautaro Martínez.

Lukaku enjoyed a hugely productive relationship with Martínez when Inter won Serie A two seasons ago. This convinced Chelsea to bring him back last year, but the decision quickly turned sour. Lukaku has scored just 15 goals in all competitions and he has created unnecessary controversy after questioning Tuchel’s tactics and speaking about his desire to return to Inter in an unauthorized interview with Sky Italia. last winter.

Chelsea will make significant funds available to Tuchel to bolster their attack. Jesus, who wants to leave Manchester City after signing Erling Haaland, is on Chelsea’s shortlist. The Brazilian striker’s contract expires next year and City want £45-50million for the 25-year-old. Arsenal and Spurs are also trying to sign him.

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Chelsea have also shortlisted Robert Lewandowski from Bayern Munich, Christopher Nkunku from RB Leipzig, Raheem Sterling from City and Ousmane Dembélé from Barcelona, ​​who is available for free. They will listen to offers from Timo Werner, Hakim Ziyech and Christian Pulisic.

Boehly is in London this week and has held talks with Tuchel over transfer plans. Chelsea need reinforcements in defense after losing Antonio Rüdiger and Andreas Christensen. César Azpilicueta could join Barcelona and Marcos Alonso has said he wants to leave Chelsea, who are pushing to sign Jules Koundé from Sevilla. They are also targeting RB Leipzig’s Josko Gvardiol, Juventus’ Matthijs de Ligt, Villarreal’s Pau Torres and Atlético Madrid’s José Giménez.

Boehly and Eghbali will represent Chelsea at the Premier League’s annual meeting on Thursday. It has not been confirmed whether Bruce Buck, Chelsea chairman under Abramovich, and manager Marina Granovskaia have a long-term future at the club.

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Personal loan rates drop slightly for 5-year fixed rate loans https://thedreamsicles.com/personal-loan-rates-drop-slightly-for-5-year-fixed-rate-loans/ Mon, 06 Jun 2022 21:51:52 +0000 https://thedreamsicles.com/personal-loan-rates-drop-slightly-for-5-year-fixed-rate-loans/ Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders, all opinions are our own. The latest personal loan interest rate trends from Credible Marketplace, updated weekly. (Stock) […]]]>

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders, all opinions are our own.

The latest personal loan interest rate trends from Credible Marketplace, updated weekly. (Stock)

Borrowers with a good credit application personal loans in the last seven days pre-qualified for higher rates for 3-year loans and lower for 5-year loans compared to the previous seven days.

For borrowers with credit scores of 720 or higher who used the Credible Marketplace to select a lender between May 30 and June 5:

  • Rates on 3-year fixed rate loans averaged 11.66%, down from 11.25% the previous seven days and from 11.69% a year ago.
  • Rates on 5-year fixed-rate loans averaged 13.75%, down from 14.05% the previous seven days and from 13.23% a year ago.

Personal loans have become a popular means of consolidate and pay off credit card debt and other loans. They can also be used to cover unexpected expenses like medical billstake care of a major purchase or finance home improvement projects.

3-year fixed-rate personal loan rates have risen over the past seven days, while 5-year loan rates have fallen slightly. Rates for 3-year terms increased slightly by 0.41% and rates for 5-year terms decreased by 0.30%. Despite the increase in 3-year fixed rate loans, rates for this term are lower than the same period last year. Borrowers can take advantage of interest savings now with a 3- or 5-year personal loan.

Whether a personal loan is right for you often depends on several factors, including the rate you may qualify for. Comparing several lenders and their rates could help you get the best possible personal loan for your needs.

It’s always a good idea to comparison store on sites like Credible to understand how much you qualify for and choose the best option for you.

Here are the latest personal loan interest rate trends from the Credible Marketplace, updated monthly.

Personal Loan Weekly Rate Trends

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The table above shows the average prequalified rates for borrowers with credit scores of 720 or higher who used the Credible Marketplace to select a lender.

For the month of May 2022:

  • 3-year personal loan rates averaged 11.12%, down from 10.69% in April.
  • 5-year personal loan rates averaged 13.27%, down from 13.36% in April.

Personal loan rates vary widely depending on credit rating and length of loan. If you’re curious about what kind of personal loan rates you might qualify for, you can use an online tool like Credible to compare the options of different private lenders. Checking your rates will not affect your credit score.

All Credible Marketplace lenders offer fixed rate loans at competitive rates. Since lenders use different methods to assess borrowers, it’s a good idea to ask for personal loan rates from multiple lenders so you can compare your options.

Current personal loan rates by credit score

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In May, the average prequalified rate retained by borrowers was:

  • 8.26% for borrowers with credit scores of 780 or higher choosing a 3-year loan
  • 29.40% for borrowers with credit scores below 600 choosing a 5-year loan

Depending on factors such as your credit score, the type of personal loan you are looking for, and the repayment term of the loan, the interest rate may differ.

As the chart above shows, a good credit rating can mean a lower interest rate, and rates tend to be higher on loans with fixed interest rates and longer repayment terms.

How to get a lower interest rate

Many factors influence the interest rate a lender can offer you for a personal loan. But there are steps you can take to increase your chances of getting a lower interest rate. Here are some tactics to try.

Increase credit score

Generally, people with higher credit scores qualify for lower interest rates. Steps that can help you improve your credit score over time include:

  • Pay your bills on time. Payment history is the most important factor in your credit score. Pay all your bills on time for the amount owed.
  • Check your credit report. Check your credit file to make sure there are no errors. If you find any errors, dispute them with the credit bureau.
  • Reduce your credit utilization rate. Paying off credit card debt can improve this important credit score factor.
  • Avoid opening new credit accounts. Apply for and open only the credit accounts you really need. Too many serious inquiries on your credit report in a short time could lower your credit score.

Choose a shorter loan term

Personal loan repayment terms can vary from one to several years. Typically, shorter terms come with lower interest rates because the lender’s money is at risk for a shorter period.

If your financial situation allows it, applying for a shorter term could help you get a lower interest rate. Keep in mind that the shorter term doesn’t just benefit the lender: by choosing a shorter repayment term, you’ll pay less interest over the life of the loan.

Get a co-signer

You may be familiar with the concept of a co-signer if you have student loans. If your credit isn’t good enough to qualify for the best personal loan interest rates, find a co-signer with good credit could help you get a lower interest rate.

Remember that if you are unable to repay the loan, your co-signer will have to repay it. And co-signing a loan could also affect their credit score.

Compare rates from different lenders

Before applying for a personal loan, it’s a good idea to shop around and compare offers from several different lenders to get the lowest rates. Online lenders generally offer the most competitive rates and can be quicker to disburse your loan than a physical establishment.

But don’t worry, comparing rates and terms doesn’t have to be a tedious process.

Credible is easy. Simply enter the amount you wish to borrow and you can compare multiple lenders to choose the one that suits you best.

About Credible

Credible is a multi-lender marketplace that allows consumers to discover the financial products best suited to their particular situation. Credible’s integrations with major lenders and credit bureaus allow consumers to quickly compare accurate and personalized loan options without putting their personal information at risk or affecting their credit score. The Credible Marketplace delivers an unparalleled customer experience, as evidenced by over 4,500 positive Trustpilot reviews and a TrustScore of 4.7/5.

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From buying a house to building savings, the student loan payment break has changed the lives of these Minnesotans https://thedreamsicles.com/from-buying-a-house-to-building-savings-the-student-loan-payment-break-has-changed-the-lives-of-these-minnesotans/ Sat, 04 Jun 2022 21:16:18 +0000 https://thedreamsicles.com/from-buying-a-house-to-building-savings-the-student-loan-payment-break-has-changed-the-lives-of-these-minnesotans/ In more than two years since student loan repayments were halted, Ben Dufault has saved enough money to buy his first home. Yasin Mohamud has paid off other debts and saved up to move to his dream city. Melissa Finnegan continued to pay, bringing down her student loan balance by $10,000. The ongoing pause in […]]]>

In more than two years since student loan repayments were halted, Ben Dufault has saved enough money to buy his first home.

Yasin Mohamud has paid off other debts and saved up to move to his dream city.

Melissa Finnegan continued to pay, bringing down her student loan balance by $10,000.

The ongoing pause in federal student loan payments that began in March 2020 has changed the lives of some Minnesotans for the better. This gives them room in their budget to make big purchases, speed up student loan repayments, and catch up on other debt. More relief could be on the way as President Joe Biden considers an executive order to cancel $10,000 in student loan debt per borrower, despite opposition from Republicans and some economists.

Nearly 800,000 people in Minnesota have student loan debt, the nonprofit says Center for the Protection of Student Borrowers. Some of those Minnesotans have told the Star Tribune how their lives have changed since the payment break began.

A new house

Dufault thought he and his boyfriend wouldn’t be able to afford a house for several years. The 30-year-old, who works in the admissions office at the University of Augsburg, and his partner, who is a state employee, have both completed higher education and have a combined debt of around 120 000 dollars.

During the student loan break, they each put the $200-300 a month they had paid for their debt into savings for a down payment on the house. In March 2021, the couple purchased their first home together, in North Minneapolis.

“We could hardly have afforded this house without the break,” Dufault said. “It was the down payment cost that was always the problem.”

They expect their budget to tighten when student loan repayments resume. Biden’s supposed $10,000 debt forgiveness proposal wouldn’t hurt their balance much. But Dufault said he and his boyfriend are eligible for the federal Civil Service Loan Forgiveness Program, which would forgive any remaining debt after making monthly payments for 10 years.

A big decision

Leah Vogel has saved nearly $18,000 while not paying off her student loans — almost enough for a down payment on a house, but also enough to clear her remaining debt.

It’s a decision Vogel, 30, doesn’t take lightly. By erasing her student debt, she would no longer have to worry about interest accumulating each month. But Vogel, who rents a small apartment in Minneapolis, said the depletion of her savings will also put her “back to square one” on buying a home.

If Biden forgives $10,000 in student debt per borrower, Vogel said she could eventually afford to both buy a house and pay off her debt balance.

“It really totally changes the equation,” said Vogel, who graduated from the University of Minnesota in 2014 with an art degree and works as a project manager at a local financial services firm. “It’s been a constant back and forth over the last six months to a year about what I should do with this.”

Pursue his passion

For as long as he can remember, Mohamud has wanted to live in New York. But the more than $40,000 he owes for his undergraduate studies had previously prevented him from moving there.

With student loan repayments frozen, the 34-year-old Edina resident has been building up his savings and paying off his car and other debts. Mohamud, who emigrated from Somalia to Minnesota with his family as a child, said he can now look forward to life in the largest city in the United States.

A legal writer at Thomson Reuters who freelances for other media in his spare time, Mohamud hopes to move to New York soon and write for major city publications.

“I always wanted to work for magazines,” Mohamud said. “My dream is GQ.”

Long-awaited progress

Finnegan never stopped paying his student loan monthly. With interest rates stuck at 0%, she said she’s made nearly $10,000 in progress over the past two years, bringing her remaining student debt balance down to around $27,000.

The 40-year-old St. Paul resident graduated from the University of Minnesota in 2011 with a master’s degree in public policy and about $48,000 in debt. She was making regular payments before the break, but it took her nine years to reduce her principal balance to $37,000 due to accrued interest.

“It was like the amount of debt never moved or just moved very, very slowly,” said Finnegan, government relations specialist for Ramsey County. “Finally, I can see the amount of debt going down.”

Finnegan hopes Biden will consider wiping out all student loan debt. She said she and her husband would rather spend the money on childcare for their three children, which costs them around $2,600 a month.

“Our American Dream”

Oballa Oballa said he was able to realize his “American dream” thanks to the suspension of federal payments.

Born in Ethiopia and raised in a refugee camp in Kenya, Oballa used the money he saved over the past two years to build a house for his family in Austin, Minn. He, his fiancé and two children, aged 5 months and almost 2 years, moved into the new house last month.

Oballa, a 29-year-old supervisor at Hormel Foods who is seeking re-election to the Austin City Council, was also able to pay off a private student loan during this time.

“My family and I were relieved to have this break,” said Oballa, a 2021 College of St. Scholastica graduate with a bachelor’s degree in social work and who has about $25,000 in student loan debt. “Now we have our American dream that we built from the ground up [up].”

Saving for law school

Anisa Omar graduated from Minnesota State University, Mankato several months after student loan repayments were frozen and hasn’t had to make a single payment on her $21,000 debt balance.

Omar, a 23-year-old behavioral specialist from Hopkins Elementary School, said the break helped her pay her bills and save for law school. She will be attending the University of St. Thomas this fall and her loan repayments are expected to be deferred until she completes law school there.

Still, Omar said she was discouraged by her growing debt balance while in law school. She hopes Biden will consider canceling more than $10,000 in student debt.

“I would go for the cancellation of all student debt,” Omar said. “We should want the best for all individuals.”

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