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Tag Archives: debt

DEAL FORGIVES $3M IN ILLINOIS STUDENT DEBT

About 2,700 Illinois students will have $3 million in loans forgiven by a for-profit education company as part of a national settlement deal announced Monday. The U.S. Justice Department took action against Education Management Corporation over its recruiting and enrollment practices. The state of Illinois will also receive $1.9 million, said Illinois Attorney General Lisa… read more

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INTEREST COSTS

If net farm income trends lower and farm debt levels trends higher into 2016, interest expense may account for an even larger share of total earnings, Ag economist David Widmar says. He says these are trends that will likely make the financial situation in agriculture less comfortable than it has been for some time.

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ENTRY BARRIER

Results from a new survey conducted by the National Young Farmers Coalition (NYFC) show that student loan debt is one of the key barriers preventing young people from becoming farmers and ranchers.

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RETIREE DEBT

9% of the nation’s retirees say debt is a major problem for them, and another 22% say it’s a minor problem. Top debts are credit cards and mortgage.

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RENTERS VS. BUYERS

The Federal Reserve says it turns out most renters who plan to move and rent rather than buy just don’t have the money to become homeowners. The 56 percent majority of these potential homebuyers say they don’t have enough money saved or they have too much debt to buy a home.  

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