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Nia DaCosta Talks Captain Marvel 2 and Her Student Loan Debt
Photo: Rachel Murray/Getty (Getty Images) A few months after Nia DaCosta officially signed on to direct the new Candyman—which has gone on to become the first movie directed by a Black woman to premiere at the top of the box office—the director happened to bump into New York Times columnist and illustrator Julia Rothman, who was randomly interviewing people on the street about their relationships to debt. While those not familiar with DaCosta’s earlier work like Little Woods might not have recognized her name at the time, what she said about her $100,000 student loan
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Should You Use a Home Equity Loan for Debt Consolidation?
Editorial Independence We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money. If you’re a homeowner who’s taken on too much debt, a financial product known as a home equity loan may help you escape it. Although taking on a home equity loan can be risky — after all, your house is used as collateral for the loan — the product’s rates are typically lower than those like
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Portfolio loans can be one way to make debt work in your favor
Anchiy | E+ | Getty Images Debt often seems like a bad thing. Yet there may be ways for you to use it to your advantage. If you need money for, say, a one-time expense and you have a brokerage account, it’s possible that you could access a portfolio loan or line of credit — which uses a portion of your investments as collateral. Although this means of borrowing money comes with risks, it also may result in tax savings and other financial benefits, depending on the specifics of your situation. These securities-based lines of credit are called different things
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Democrats’ Backdoor Attempt to Cancel Student Loan Debt
Throughout the 2020 Democratic primaries, few policy ideas received more attention and support from liberal voters than so-called student debt forgiveness. Every Democrat seeking their party’s presidential nomination—including Joe Biden—promoted some form of student loan debt relief, ranging from Biden’s $10,000 proposal to Bernie Sanders’ call for total debt cancellation. However, President Biden and congressional Democrats have thus far refused to make debt cancellation a priority, despite its popularity among left-leaning voters. Some might be tempted to chalk up Democrats’ decision to avoid continuing debate over the issue to the unpopularity of debt cancellation among many key voter demographics. But
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Biden faces new heat to cancel $50K in student loan debt, keep payments frozen
Biden faces new heat to cancel $50K in student loan debt, keep payments frozen As millions of Americans wait for President Joe Biden to make a decision about canceling massive amounts of student debt, congressional Democrats are urging the administration to protect borrowers who will soon have to resume making their student loan payments. Those same lawmakers also are not giving up calls for Biden to write off $50,000 in federal student loans for every borrower. In fact, Senate Majority Leader Chuck Schumer just made another pledge to keep the heat on the president. Schumer and fellow Democrats say with
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Ares Sued by Millette’s Hudson Debt Fund Over Aircraft Loan
Ares Management was sued by a specialist credit fund co-founded by a former Goldman Sachs Group Inc. partner over the sale of collateral on a loan to a struggling Norwegian airline. Hudson Structured Capital Management Ltd., an alternative-asset manager, claims that several Ares funds that held the notes directed that aircraft used as collateral be sold to an Ares affiliate, despite a higher offer from an external bidder, according to the lawsuit, filed last week in New York State Supreme Court. Hudson, founded by former Goldman partner and credit specialist Michael Millette and onetime Pacific Investment Management Co. executive David
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How to Squish These Four Types of Debt
May 21, 2021 6 min read This story originally appeared on MarketBeat Did you know that your credit card falls into a specific category of debt called “revolving” debt and your mortgage goes into a debt category called “secured” debt? Maybe you really don’t care at all — you just know that the debt you have costs you money every month. However, you may want to know the difference between secured debt, unsecured debt, revolving debt, and installment debt because it helps you understand the consequences if you forget to make a payment. Or worse, it helps you understand the
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Will Biden cancel massive student loan debt? Suddenly, that’s looking doubtful
Will Biden cancel massive student loan debt? Suddenly, that’s looking doubtful The forgiveness of a significant chunk of the nation’s student loan debt has seemingly been just around the corner since Joe Biden’s election victory in November. Four months into his term, the pressure remains on Biden to follow through on a campaign promise to forgive $10,000 in federal student loans for every borrower. Meanwhile, an answer to a bigger question could come as early as next week: whether the president has the power to wipe out five times as much student debt. That would give millions of Americans a
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