Share to Twitter Share to Linkedin By Meeta Vengapally Debt is what everyone, and no one, wants to talk about. As an entrepreneur, I know that taking on debt as a tool to grow your business can be helpful, if not fundamental. Debt is sometimes necessary for artists, too. As a mother of two young performers in Hollywood, I know just how expensive it is to get them the right training, mentorship, wardrobe, and other necessities. Let’s face it—to make money, you need money. It’s a hard reality for many of us in pursuit of anything—especially those endeavors that require creativity, as entrepreneurship does. We need training, capital, goods and services, and a team to accomplish any worthwhile venture. Also, with our current climate, it’s obvious that many need to take on student loan debt to even be competitive in their field. Professionals suggest that there is such a thing as “bad” and “good” debt. Does this hold up for artists and entrepreneurs? … [Read more...] about Does Good Debt Exist For Artists And Entrepreneurs?
Student loan debt
On Sept 29, 2022, the United States Department of Education updated the guidance for the Biden administration's student loan forgiveness plan. Under the updated policy, borrowers with privately held federal student loans are no longer eligible to receive loan forgiveness. Here's what to know. Key Takeaways Borrowers with federal student loans not held by the Education Department, specifically privately held Federal Family Education Loans (FFELs) and Perkins loans, will be ineligible for one-time debt relief. According to NPR, a Biden administration official estimated that roughly 800,000 borrowers would be directly affected by this change. The Education Department hasn't issued an official statement explaining this change, but legal experts have hypothesized that it may have been done to appease private lenders managing old FFELs. Federal Family Education Loans & Perkins Loans Are Out Back in August 2022, President Biden announced his three-part plan to … [Read more...] about Education Department Excludes Subset of Student Loans From Relief Plan
Share to Twitter Share to Linkedin Are Britain’s Black entrepreneurs being underserved by banks? According to a new report from Lloyds Banking Group, that appears to be the case. The study - Black. British. In Business and Proud - suggests that just 30 percent of Black business owners approach banks to inquire about finance, with only 20 percent going on to take out loans. As the report sees it, the consequent reliance on other forms of funding - such as family and friends - acts as a drag on the growth potential of many ventures. So what can be done? Well, first you have to understand the problem. Gary Lapthorn is Head of Sustainability and Responsible Business at Lloyds and as he explains, the bank's research has provided a means to gather data on the the Black business community that was not, hitherto, easily available. Prompted by the killing of George Floyd in the U.S. and the rising importance of the Black Lives Matter movement, the bank began to … [Read more...] about A Question Of Trust – Why Britain’s Banks Are Failing To Attract Black Entrepreneurs
Share to Twitter Share to Linkedin Conservative columnist and pundit George Will, is interviewed in this office in the Georgetown ... [+] section of Washington on Tuesday, April 22, 2008. (AP Photo/J. Scott Applewhite) ASSOCIATED PRESS While reading Steven Hayward’s thoroughly excellent two book history of Ronald Reagan ( The Age of Reagan ), I found myself becoming exhausted at times. Not in a bad way. What it came down to was that Hayward’s research was so incredibly exhaustive . On one page he would be discussing a weapons system in detail, on the next he would be talking about a judicial appointment, the next would be about the intricacies of a tax bill. I was exhausted because I couldn’t imagine how Hayward did what he did. He’s told me that he loves research. Simple as that, I suppose. In his Age of Reagan books, Hayward regularly quoted the great George Will. Why wouldn’t he have? If the purpose is to chronicle the age … [Read more...] about Books: George Will’s Spectacular ‘The Conservative Sensibility’