Susan Tompor Detroit Free Press Published 6:00 AM EDT Jul 26, 2019 Imagine being 24 or younger and dedicating 16.8% of your take-home pay to your student loan payments. It's quite a chunk of change. We could be talking about $560 a month in student loan payments, for example, for a couple with a $40,000 take-home income. But that's exactly what's happening to some borrowers. A quarter of Chase account holders aged 18 through 24 are dedicating at least 16.8% of take-home income to student loan payments, based on a new study by the JPMorgan Chase Institute. The study reviewed activity in Chase checking accounts from October 2012 through July 2018. The researchers identified 4.6 million families who had made at least one student loan payment out of their accounts. Data could take into account fluctuations in take home pay, as well as when payments were being made on student debt and when they weren't. "We think it's a unique lens," said Diana Farrell, president … [Read more...] about How much is too much for student loan debt?
Burdened with debt meaning
By Associated Press | PUBLISHED: July 17, 2019 at 10:51 am | UPDATED: July 17, 2019 at 10:51 am By MARÍA VERZA NUEVO LAREDO, Mexico — Asylum-seekers gathered in Nuevo Laredo, across the border from Texas, are grappling to understand what a new U.S. policy that all but eliminates refugee claims by Central Americans and many others meant for their bids to find a better life in America amid a chaos of rumors, confusion and fear. The policy went into effect Tuesday and represents the most forceful attempt to date by President Donald Trump to slash the number of people seeking asylum in the United States. It denies asylum to anyone who shows up on the U.S. border after traveling through another country, something Central American migrants have to do. In some parts of Nuevo Laredo, migrants continued to trickle into shelters, including seven members of a family from the Mexican state of Michoacan, who fled the shootings and extortions in their violent region and were happy to … [Read more...] about Confusion, fear spread on Mexico border with new US policy
Errin Haines Whack, Ap National Writer Updated 12:52 pm CDT, Sunday, May 19, 2019 Robert F. Smith, left, laughs with David Thomas, center, and actress Angela Bassett at Morehouse College on Sunday, May 19, 2019, in Atlanta. Smith, a billionaire technology investor and philanthropist, said he will provide grants to wipe out the student debt of the entire graduating class at Morehouse College - an estimated $40 million. Smith, this year's commencement speaker, made the announcement Sunday morning while addressing nearly 400 graduating seniors of the all-male historically black college in Atlanta. (Bo Emerson/Atlanta Journal-Constitution via AP) less Robert F. Smith, left, laughs with David Thomas, center, and actress Angela Bassett at Morehouse College on Sunday, May 19, 2019, in Atlanta. Smith, a billionaire technology investor and philanthropist, said he ... more Photo: Bo Emerson, AP … [Read more...] about Graduation speaker pledges to pay class of 2019 student debt
Dylan Lovan, Associated Press Updated 3:07 pm PDT, Wednesday, March 20, 2019 Retired coal miner John Robinson displays his mining helmet at his home in Coeburn, Va., on Thursday, Jan. 24, 2019. Robinson was 47 when he was diagnosed with black lung disease, part of a new generation of black lung sufferers who are contracting the deadly disease at younger ages. less Retired coal miner John Robinson displays his mining helmet at his home in Coeburn, Va., on Thursday, Jan. 24, 2019. Robinson was 47 when he was diagnosed with black lung disease, part of a new generation of ... more Photo: Dylan Lovan, AP Photo: Dylan Lovan, AP Image 1 of / 3 Caption Close Image 1 of 3 Retired coal miner John Robinson displays his mining helmet at his home in Coeburn, Va., on Thursday, Jan. 24, 2019. … [Read more...] about With black lung fund in jeopardy, taxpayers could foot bill
Exclusive PUBLISHED: 05:30 30 January 2019 Stuart Watson Ipswich Town owner Marcus Evans speaks to chief football writer Stuart Watson. Picture: LAURA MACLEOD Archant Ipswich Town owner Marcus Evans has given his first face-to-face, on-the-record interview with an independent media organisation – 11 years after buying the club. Here’s what he had to say to the EADT and Ipswich Star’s chief football writer STUART WATSON. Marcus Evans' interview with chief football writer Stuart Watson is his first face-to-face intervuew with an independent media organisation. Picture: LAURA MACLEODQ: Why speak out more now? You’ve done more with the club website over the last year. Why are you doing this interview with us now?A: I used to put something in the programme at least once a season, maybe twice. Then we did the video in the summer. I tried for those club interviews to be slightly no holds barred anyway. I said ‘look, if … [Read more...] about Marcus Evans big interview: Ipswich Town owner’s first face-to-face interview with independent media