Algeria Loans

Over a million student loan holders seeking relief

The Biden administration is suspending collections on delinquent student loans held by more than one million borrowers, the latest in a wave of measures aimed at providing relief to adults struggling to make ends meet during the pandemic. Decision extends relief to 1.14 million students who borrowed from a former …

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One year without a student loan payment

For the more than 42 million borrowers on federal student loans, the Covid-19 pandemic has brought unexpected relief: an interruption in payments. The pause on interest accumulation alone saved borrowers about $ 4.8 billion per month, according to the Education Department. Last March, the ministry suspended most federal student loan …

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Algeria: the political system is sclerotic; aging leaders reject any real openness – US Think Tank

The Washington-based Middle-East Institute (MEI) described Algeria’s political system as ossified as “aging leaders reject any real openness” as massive street protests resume. “Internally, Algerian leaders are old and President Abdelmadjid Tebboune, strongly supported by the army, is in difficulty (…) The political system is ossified but aging leaders reject …

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Unwanted loan rally cuts business borrowing costs

Investors are clawing back loans from low-rating companies, fueling a recovery that is lowering borrowing costs for heavily indebted companies. Investors invested more than $ 8 billion in so-called leveraged loan funds in January and February, according to Refinitiv’s Lipper data – the most in more than two years and …

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