Free Republic

One of Richelle Brooks' dreams is to send her two children to college without taking out any loans. She knows firsthand how taking out a loan to pursue higher education can amount to crippling debt. "My daughter wants to be an anesthesiologist. My son wants to be a computer engineer. Two little Black kids want this for their future," Brooks, 35, told Insider. "And this country is telling me it's impossible for me to get them there. It's a terrible, hopeless feeling." Brooks borrowed $203,000 collectively to attend undergrad, graduate, and doctoral studies. And over the years, has accumulated over...

President Donald Trump slammed President Biden for orchestrating "another election enhancing money grab" with his move to cancel millions of dollars in student loan debt, warning that working-class Americans will foot the bill, while urging voters to "stop voting for Democrats." "Joe Biden and the Radical Left Democrats have just orchestrated another election enhancing money grab, this time to the tune of $300,000,000,000 — and just like I predicted, it’s coming right out of the pocket of the working-class Americans who are struggling the most!" Trump said Thursday in a statement. "Crippling inflation, unaffordable energy prices, and WAR — all...

Starting Monday, thousands of Croatia's poorest citizens will benefit from an unusual gift: They will have their debts wiped out. Named "fresh start," the government scheme aims to help some of the 317,000 Croatians whose bank accounts have been blocked due to their debts. Given that Croatia is a relatively small Mediterranean country of only 4.4 million inhabitants, the number of indebted citizens is significant and has become a major economic burden for the country. After six years of recession, growth predictions for Croatia's economy remain low for this year. "We assess that this measure will be applicable to some...

Foreign debt cancellations are expected to reach new highs in France’s 2014 development aid budget, with Somalia, Zimbabwe, Chad, Ivory Coast and Sudan in line for a complete deletion of their national debt. Last week, French MPs told two ministers—Pascal Canfin, in charge of development policy, and Benoît Hamon, in charge of the social economy—that the country’s development aid budget was “scattered” and “non-transparent”. The MPs, on the foreign affairs committee of the French National Assembly, were speaking during the the latest assessment of the 2014 budget. The parliamentarians discussed debt relief for the “most indebted poor countries”, the PPTE...

WASHINGTON - Offering federal aid for strapped mortgage holders, the White House outlined proposals Friday to help borrowers hard hit by credit problems and the housing slump. The initiatives, to be formally unveiled by President Bush, were intended to help homeowners with risky mortgages keep their homes. Bush also was to discuss efforts to prevent these kinds of problems from arising in the future. It was the administration's first efforts to deal with an expected wave of mortgage defaults fueled by the subprime-mortgage crisis. White House press secretary Tony Snow said he could not provide an estimate of how much...