A woman has celebrated paying off her $102,000 student loan debt at 27 years old by holding a funeral for the 'burden' – the last third of which she 'killed' in only eight months. Mandy Velez shared images from the ceremony on Instagram and donned a lacy black ensemble for a photo shoot outside Trinity Church in Manhattan. The New York journalist graduated from University of Pittsburgh in 2013 and set a goal of paying off her loan by the age of 30, without help from her family or boyfriend. But she hit the achievement two years early despite initially only earning $40,000. She paid off the first $70,000 in five years, an average of $1,166 a month, and the last $32,000 in eight months, which equates to $4,000 a month. 'DING DONG MY LOANS ARE DEAD,' she wrote on Instagram. 'It is with immense pleasure that I announce the death of my student loans. On August 2, 2019, after 6 years, I finally killed them. It was a slow death but was worth every bit of the fight.' … [Read more...] about ‘Ding dong my loans are dead’: Woman, 27, holds funeral photo shoot for $102,000 student loan she killed off in six years – and reveals how she paid the last $32,000 in just EIGHT MONTHS
Student loan income based repayment
The number of Democrats lining up to try to take on President Donald Trump as he seeks re-election is growing by the week. So who's running and what are their strengths and weaknesses?This field of candidates promises to be the most diverse yet. It already has the most women running in US history.The BBC's Anthony Zurcher casts his eye over all 23 of them.Joe BidenWho? Former vice-president and veteran senatorKey issues: Rebuilding the middle class; investing in federal infrastructure; tuition-free public universitiesOne policy: Similar to the Green New Deal, Biden's Clean Energy Revolution would make the US economy 100% clean energy based with net-zero emissions by 2050, as well as target polluters with fees and quotasAnthony's take: Joe Biden enters the Democratic presidential contest as a front-runner, if not the front-runner. He has near universal name recognition, high approval ratings within the party and among political independents, a close connection to the halcyon days (at … [Read more...] about Democrats 2020: What their key issues are
Los Angeles, California, 5 December “You got a choice to make, man. You could go straight on to heaven. Or you could turn right, into that.” We are in Los Angeles, in the heart of one of America’s wealthiest cities, and General Dogon, dressed in black, is our tour guide. Alongside him strolls another tall man, grey-haired and sprucely decked out in jeans and suit jacket. Professor Philip Alston is an Australian academic with a formal title: UN special rapporteur on extreme poverty and human rights. General Dogon, himself a veteran of these Skid Row streets, strides along, stepping over a dead rat without comment and skirting round a body wrapped in a worn orange blanket lying on the sidewalk. The two men carry on for block after block after block of tatty tents and improvised tarpaulin shelters. Men and women are gathered outside the structures, squatting or sleeping, some in groups, most alone like extras in a low-budget dystopian movie. We come to an intersection, … [Read more...] about A journey through a land of extreme poverty: welcome to America
For Americans who would resist President Trump’s re-election in 2020, the outcome hinges on the answer to this basic strategic question: will the Democrats risk losing to Trump by nominating a candidate whose ideas are too far to the left to appeal to the moderate majority of Americans? Or will Democrats risk losing to Trump by nominating a candidate whose ideas are insufficiently progressive to excite the Democratic base? This basic question of moderation v progressivism was at the heart of the first of two Democratic debates in Detroit and doubtless will continue to be central throughout the rest of the primary process. By taking one side or another, Democratic voters will be making a choice not only for the candidate and the policies he or she will stand for, but also for how the campaign will be conducted and the underlying rationale for how political change can be accomplished. The moderate/progressive split was on clear display in Tuesday’s debate. Senators Bernie … [Read more...] about Do Democrats win by moving left? Or is moderation the key to victory?
This is what happens when the government targets you for zombie debt collection. You receive a letter from your state’s department of human services claiming that you were “overissued” $4,132 in food stamp and cash benefits in the 1980s. Enclosed is a copy of the original overpayment notice they say they sent you when you were still listening to Madonna and Bobby Brown. You don’t remember ever seeing it before. The letter informs you that, since you didn’t respond immediately three decades ago, your 90-day window to request a fair hearing and contest the overpayment has closed. You now have a debt, and it’s past due. The state threatens to refer this debt to the United States Department of Treasury, which has the power to withhold your federal tax return, your earned income tax credit, a portion of your military retirement pay – even your social security disability check. You are barely making ends meet, so the financial loss might mean doing … [Read more...] about Struggling Americans are haunted by zombie debt. Will you be next?