Money
Under the new plan, borrowers who earn less than roughly $30,600 a year would owe $0 a month on their federal student loans, effectively pausing them. A borrower who’s in a family of four and makes less than roughly $62,400 would also see their payments paused.
Prior to this move, student loan debt—unlike credit card bills, medical bills, and most other forms of debt—was not eligible to be automatically wiped away when a person filed for bankruptcy.
In the past week, two separate courts controlled by conservative judges have ruled against the Biden administration’s plan to cancel tens of thousands of dollars in federal student loan debt for millions of borrowers, putting that relief in jeopardy.
The most expensive city on this list has a typical home value of $1,484,967—which is 294% higher than the state average.
Did you know that if a person was previously married to a domestic abuser, they could still be legally responsible to pay for that person’s student loan debt — even after getting a divorce? With the recent Senate passage of the Joint Consolidation Loan Separation Act, victims are one step closer to financial freedom.
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The law that approved gradually increasing the minimum hourly rate Virginia workers can earn must be re-enacted by the General Assembly. In short: Who you elect matters.
This year, the expanded Child Tax Credit had a remarkable impact on families across Virginia. About 61 million children have benefitted from it.