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In August, 4.3 million Americans quit their jobs. Then in September, another 4.4 million did the same. We refer to it as the great resignation, though others call it the great reshuffling or the great reorganization. Whatever you choose to call it, the Covid-driven phenomenon looks the same: People are rethinking their careers and making […]

We wrote an article this past summer about the difficulty some sellers have when it comes to selling their timeshare properties. Since then, we received several comments and questions that we want to share with you.

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Some economists argue that relieving student loan debt will help boost the economy. However, William Chittenden, an economist at Texas State University, writes that the economic benefits of canceling student debt might be modest at best.

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Colleges and universities are using federal money from the American Rescue Plan to clear outstanding debts for students and recent graduates who enrolled in their institution on or after March 13, 2020. Both students and their respective institutions will benefit from this debt clearance, according to Chittenden. The debt clearance will enable students to continue with their education and pursue career goals, he writes. Meanwhile, institutions will be able to clear debts without tapping into their own finances.

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As things stand now, student loan borrowers are mostly barred from discharging their loans through bankruptcy. However, under the proposed FRESH START through Bankruptcy Act, borrowers can get their federal loan debts discharged if they prove that the debt caused “undue hardship” during the first 10 years of payment.

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