Description
Added on the 28/12/2016 11:27:25 - Copyright : DailyTelegraph
Biden has extended federal student loan forbearance through September 30 by executive order. The forbearance was put in place by the CARES Act in March 2020. It has since been extended several times, according to Business Insider. Federal student loan payments will remain paused through September 30, with interest rates at 0%. This puts millions of Americans at ease as the economy continues to suffer due to the virus.
Sarah Silbiger for The Washington Post via Getty Images President-elect Joe Biden told newspaper columnists on Wednesday that he was “unlikely” to pursue a plan pushed by Sens. Chuck Schumer (D-N.Y.) and Elizabeth Warren (D-Mass.) to unilaterally wipe out billions of dollars worth of student loan debt. Schumer, the Democratic leader in the Senate, had teamed with Warren, a progressive rival-turned-ally of Biden’s, to press Biden on a proposal to eliminate up to $50,000 of student loan debt per borrower.
Business Insider contributor Jannese Torres-Rodriguez was laid off from a job she hated in 2014. But it was a blessing in disguise. While unemployed, she began monetizing her food blog to pay off her student loans. Growing her business netted her $167,000 in just a few years. Now, if you want to build your own digital side hustle, you don't half to reinvent the wheel. Sites like Etsy and Podia provide sophisticated platforms to sell digital content, and have built-in user interfaces. Likewise, social media platforms like TikTok and Instagram can help you advertise and validate your service or product-based business. Don't want to sell anything at all? In that case, build wealth by providing content that gets a ton of traffic, and embed ads and affiliate links in your copy. That way, you can build a passive income stream that earns money 365 days a year.
Financial consultant Alli Williams was just 29 when she took on $154,000 of her husband's debt when they got hitched. Since then, they've paid off $50,000 of the debt, including an auto loan, some student loans, and a credit card. Not only that, but they also paid for a wedding, college tuition, and have saved for a baby and a house. According to Business Insider, Williams believes in prioritizing expenses, such as bonding activities and savings goals, but not in harsh deprivation. On a practical level, every paycheck is divvied up between bills, savings, and debt repayment. As for windfalls such as gifts, bonuses, or tax refunds, Williams sets allocation percentages without knowing the amount. For example, 50% will usually go toward debt, another 20% towards savings, and so on. When the money hits the bank account, she doesn't have to dither!
|
Support : Technical 
- Content 
- Editors 
