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Waiting for Public Service Loan Forgiveness? You May Want to Dump SAVE

After years of confusion, Public Service Loan Forgiveness has finally started to pay off millions in federal student loans for the teachers, nurses and other public service workers it’s designed to help. Recent legal challenges to another student loan relief program have thrown a new wrench in the plans of many borrowers pursuing …

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Record Defaults Hit $800 Billion Chinese Local Debt Market

(Bloomberg) — Defaults in an opaque corner of China’s local debt market have surged to a record high, ensnaring investors who’d assumed the securities had an implicit guarantee from the state. Most Read from Bloomberg It wasn’t supposed to be this way. Last year, confronted with a wave of bad …

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