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VA Debt Management Center to resume sending notification letters in January 2021

The VA Debt Management Center (DMC) is sending a letter to veterans with benefit debts this month, advising them that due process notification letters will resume after January 1, 2021.

The November letter reads as follows:

Dear veteran / beneficiary,

We hope this letter finds you well. You are receiving this letter because you may have unpaid VA benefit debts, and we want you to be aware of the actions VA will take after January 1, 2021 and your options.

To alleviate financial hardship during the pandemic, the VA Debt Management Center (DMC) has suspended issuance of debt notification letters and suspended collection actions on debts established after April 3, 2020 until January 1, 2021. DMC has also offered suspensions or extended repayment plans for the debts. established before April 3, 2020.

WHAT WILL HAPPEN IN 2021

If your debt was established after April 3, 2020, DMC will issue your debt notification letter (s) from January 2021. If you have a debt established before April 3, When collections have been suspended due to the COVID-19 pandemic, your suspension will end on January 1, 2021 and the DMC will resume withholding from your VA benefits to pay the debt upon your benefit payment on February 1, 2021. If you do not receive VA benefits, your payment will be due to DMC by February 1, 2021.

WHAT YOU CAN DO NOW

If you anticipate payment difficulties, you don’t have to wait until after January 1, 2021 to seek help. Please see the information found on our website: https://www.va.gov/debtman; or contact the DMC for assistance with https://iris.custhelp.va.gov/app/ask/ or call us at 1-800-827-0648.

We can work with you to determine your debt relief options, which may include:

  • Establish a repayment plan.
  • Request a waiver.
  • Debt challenge.
  • Submit an offer in compromise.
  • Request a temporary suspension of tests.

WHO TO CONTACT

  • For any questions about your VA benefit debt, including information on how to enter into voluntary repayment agreements or request a waiver, dispute, or offer in compromise, submit your request online at https://iris.custhelp.va.gov/app/ask/ or call 1-800-827-0648 6:30 a.m. to 6 p.m. CT Monday through Friday.
  • If you have a question about your VA benefits or the status of a claim, please call:
    • Educational Benefits – VA Education Contact Center at 1-888-442-4551.
    • Other VA Benefits – VA Regional Office at 1-800-827-1000.
  • For any questions about your VA health care debt, call the Health Resource Center at 1-866-400-1238.
  • If your debt has been submitted to the US Treasury Department, the debt will remain under their jurisdiction. The treasury can be reached at the following address:
    • Cross Service Program at 1-888-826-3127.
    • Treasury Compensation Program at 1-800-304-3107.

We are here to support you during this COVID-19 pandemic. Please follow national and local guidelines to stay healthy and safe.


The VA Debt Management Center (DMC) provides veterans and recipients with compassionate advice on their VA benefit debts. DMC manages the debt collection process and provides assistance with debt resolution options, such as payment plans and waivers.


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SL-PAK will work on Debt Relief, Connectivity: Khan

  • PAK PM Says Developed Countries Must Support Poor In Poor Countries
  • Khan supports stronger business relationship, note via PAK, SL can achieve connectivity with Central Asia
  • SL-PAK signs five memoranda of understanding, cooperation in multiple areas, including tourism
  • Invite MR to visit PAK

Prime Ministers Mahinda Rajapaksa and Imran Khan at the signing of the MoU at Temple Trees yesterday – Photo by Ruwan Walpola

Sri Lanka (SL) and Pakistan (PAK) have agreed to work jointly on negotiating debt relief, PAK Prime Minister Imran Khan said yesterday, calling on international organizations to help poor countries to meet the economic challenges made worse by the pandemic.

Khan, who arrived in SL last afternoon for a two-day visit, was greeted by his SL counterpart Mahinda Rajapaksa. The two prime ministers held bilateral talks at Temple Trees and issued a joint statement to the media after their meeting. Khan also invited Rajapaksa to visit PAK.

“We discussed how developed countries can help the developing world. The developed world must not be an island, it must realize that this is a problem that has affected everyone, but in particular, it has affected poor countries more and the poor in poor countries much more. So we discussed how we can work together so that poor countries get debt relief, ”Khan told reporters.

He pointed out that although PAK offered the largest stimulus package in its history of $ 8 billion, it was tiny compared to the US plan of almost $ 3 trillion.

“So that’s the gap. The coronavirus has exposed this huge disparity in the world and that’s why I think global organizations like the UN should step in and deal with countries that have been really beaten because of COVID-19. ”

Pointing out that SL and PAK were part of the Belt and Road Initiative (BRI), Khan encouraged stronger trade between the two countries, as this would give SL connectivity to Central Asia through the China-Pakistan Economic Corridor (CPEC ).

“This visit aims to strengthen our bilateral relations; it is to strengthen our commercial ties. Pakistan is part of the BRI of China and that means connectivity so I have asked my delegation here to find ways to improve trade and connectivity, and through CPEC, connectivity to Asia. Central for Sri Lanka. Our trade ties also mean that our countries will come closer. “

SL and PAK also signed five memoranda of understanding yesterday. The memoranda of understanding were aimed at improving bilateral economic and social cooperation.

“Mr. Prime Minister, you are no stranger to the people of Sri Lanka. There are millions in this country who have admired you, your leadership on the cricket pitch as captain of the Pakistan national team. Your country continues to be a valuable bilateral partner and Sri Lanka regards Pakistan as a close and genuine friend. Our people hold Pakistan in the highest regard. Pakistan is a country that has supported Sri Lanka in times of great need, ”Rajapaksa said during the joint statement.

“During our bilateral discussions, Prime Minister Khan and I agreed to work closely together to strengthen our bilateral cooperation in the economic sector and several other areas, including trade, investment, science and technology , defense and education.

“We also agreed to seek opportunities under the Sri Lanka-Pakistan Free Trade Agreement (FTA). Our talks also covered important regional and international issues as well as the impact of the COVID-19 pandemic. We also agreed to continue our engagement in the tourism and aviation sectors. Sri Lanka is grateful to Pakistan for opening travel lanes to visit ancient Buddhist heritage sites in Pakistan, ”he added.


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DSM NY Launches Student Debt Relief Collection

November 17, DJ4Animals will launch a capsule collection of varsity-style clothing at Dover Street Market in New York title, State University Fund for Free Education. The pieces refer to the designer’s personal experience with student debt. and aim to raise awareness of the prohibitive tuition fee increases and the socio-economic implications of having – or not having – a university degree. This is the first collection under the core organization of DJ4Animals, SUFE Fund, which provides students with financial mentoring and resources with the aim of making higher education accessible and affordable for all.

With reworked pieces bearing the designer’s signature ‘FREE EDUCATION’, the collection examines what happens when graduates metaphorically shed their ‘college skin’ and financial concerns become pervasive. With SUFE, seeks to change this narrative so that students can use their studies to thrive and embrace positive change rather than just survive.

The next drop will offer SUFE Printed t-shirts for $ 70 USD, ten limited edition Promissory Note hoodies for $ 395 and a special Dover Street Market promissory note stitched hoodie for $ 625. Visit the physical location or DSM NY online shop November 17 to buy.

Dover Street Market also joins the fight against food insecurity in partnership with Sky High Farms, using Awake NY, Denim Tears and more to create exclusive garments.



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How a YouTuber paid off $ 10,000 in credit card debt in 6 months

  • 24-year-old college student and YouTuber Tiffany Ferguson paid off $ 10,000 in credit card debt in six months.
  • With an income of approximately $ 75,000 in 2019 – which equates to approximately $ 50,000 after taxes and business expenses – Ferguson said she used four strategies to quickly get rid of her five-figure debt.
  • From around 18 to 20, she had a balance of up to $ 1,000 a month, but it skyrocketed after six months of study abroad and a few unexpected dental surgeries.
  • She said she used EveryDollar, Google Sheets and QuickBooks to reduce her debt and shared her budget template, budget spreadsheet and a screenshot of her EveryDollar app with Business Insider.
  • Visit the Business Insider homepage for more stories.

Tiffany Ferguson paid off $ 10,000 in credit card debt in six months. And she wants to help others do the same.

The 24-year-old is a YouTuber and a college student, and she racked up debt for about three years, ranging from 18 to 20.

With almost always a balance of up to $ 1,000, the debt was incurred primarily when it needed to make ends meet between paychecks all the way to college. This balance plus six months of study abroad in France and a few unscheduled dental surgeries quickly amounted to $ 10,000.

“Overall, I was a young adult, college student, just trying to survive, without the financial support of anyone else,” Ferguson told Business Insider.

“I certainly had irresponsible spending habits, but I think my biggest problem was not being able to work enough or earn enough money to meet my bills, let alone start paying off my debts. sure a lot of people would say I shouldn’t have studied abroad or paid to straighten my teeth. “

Ferguson had never made more than around $ 25,000 a year until 2019, when YouTube became his full-time job.

At the end of 2019, his total income for the year was around $ 75,000, which fell to $ 71,000 after business expenses and around $ 50,000 after taxes. From there, she made the decision to pay off her entire $ 10,000 credit card debt (she also managed to spend about $ 8,800 in total on her student loans).

With average expenses of around $ 3,000 per month, his income has fallen to around $ 36,000 for the year, meaning that in total, nearly $ 20,000 of his after-tax income of $ 50,000 is went to debt repayment and about $ 30,000 to other bills and expenses.

Ferguson said one of her biggest challenges in 2019, the first year she was earning more than she used to, was spending extra money on her debt.

A debt repayment journey, reported on YouTube

“At the start of the year,” she said, “I decided to publicly announce my debt repayment journey on YouTube, in part to hold myself accountable. Once I was ready and committed, my actual strategies included tracking all of my expenses, creating spreadsheets, and making additional payments to my debt whenever possible. “

“I use the EveryDollar app to track and categorize my spending,” Tiffany said. “Once I categorize the expenses in EveryDollar, I enter the totals into my annual budget sheet from Google Sheets.” She said she customized the apps to have corresponding categories so she could transfer the same expenses between them.

She entered her monthly income, taxes saved or paid, savings, etc. “The annual budget sheet makes it easier to get a complete overview of my inflows versus my outflows for the year. “

By budgeting each month, she was able to see how much interest she was being charged on her credit card balance. It was over $ 100 for seven of the first eight months, but since she reduced it, it was $ 50 or less from September through December.

Tiffany also said she uses QuickBooks to track her business expenses, income, and tax payments.

Tiffany’s Youtube video detailing her milestones has over 280,000 views to date, and she has shared her exact budgets with Business Insider.

Read on to see the budget sheets Tiffany used to pay off her credit card debt.


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The Holy See at the UN calls for debt relief for poor countries

Bishop Gabriele Caccia, Permanent Observer of the Holy See to the United Nations, underlines the importance of developing economic and financial policies that truly serve the common good of all.

By the editor of Vatican News

“Every decision and policy on economic or financial matters has an impact on the lives of individuals, families and the well-being of society as a whole.” With this premise, the Holy See encourages debt restructuring, and ultimately debt cancellation of the most vulnerable countries, to cope with the growing economic imbalances and other crises they face as a result of the pandemic. of Covid-19.

The Permanent Observer of the Holy See to the United Nations, Mgr Gabriele Caccia, launched this appeal on Thursday during the 75e Session of the United Nations General Assembly.

He said in a statement that due to the demands placed on the poorest countries by the debt service and the economic impact of the pandemic, many of them are forced to “divert scarce national resources from basic programs. education, health and infrastructure towards debt payment. . “

Archbishop Caccia reminded the UN, specifically addressing the Commission on Macroeconomic Policy, that his work should reflect on “ethical implications for achieving economic prosperity for all in order to enable every person to prosper and countries to live in peace and stability “. As such, decisions and policies on economic or financial matters which have an impact on the lives of individuals, families and the well-being of society as a whole “must be viewed in a much broader perspective than the only immediate financial gain or success ”.

Covid-19 and the economy

Bishop Caccia stressed that financial inclusion and sustainable development have been affected by the Covid-19 health crisis due to its devastating impact on employment, production and international and national trade. No one, he notes – from states to families and individuals – has escaped the economic hardships caused by the pandemic.

However, some felt the impact more than others. Developing countries, he said, are being hit by “a triple economic shock of collapsing export demand, falling commodity prices and unprecedented capital flight”, in addition to managing the pandemic with often inadequate health systems.

Recover together

To face these difficulties, Bishop Caccia proposes to work together to ensure that the economic “recovery packages” and “regeneration packages” serve the common good. In particular, it highlights two areas that require special attention in turnaround efforts.

The first, according to the Archbishop, are micro, small and medium enterprises. He points out that to revive the economy, funding would have to reach a large number of small and medium-sized enterprises that “are the backbone of economies” in developed and developing countries.

The second sector concerns workers in “informal” employment. He explained that we have a “special responsibility” to those people – men and women – who are made redundant in fields like construction, catering, hospitality, domestic services and retail, among others, and in as such, find it difficult to provide for themselves and their families. Many of them, he notes, turn to charities and religious institutions for help. Others, especially migrants and those without proper documentation, cannot apply for benefits.

Debt restructuring / cancellation

Bishop Caccia said that there is ample evidence that developing countries, faced with the obligation to divert scarce resources towards debt repayment, risk undermining “integrated development, weakening health systems and education, as well as reducing the capacity of states to create the conditions for the realization of basic human rights.

The Archbishop therefore urged the international community to address the economic imbalances between nations by restructuring and ultimately debt “in recognition of the severe impacts of medical, social and economic crises” facing the most vulnerable countries due to of the current crisis. pandemic.

He also called on the international community to fight illicit financial flows (IFFs) which, by diverting resources from public spending and reducing the capital available for private investment, “deprive countries of the resources they desperately need to provide. public services, finance poverty reduction programs. and improve infrastructure.

In conclusion, Bishop Caccia encouraged the UN to “find ways to highlight the broader and ethical implications of economic activity in the years to come” and stressed the need to transform the economy for it to be ” truly at the service of the human person “.

Pope Francis

The Pope has repeatedly stressed the need for a new economic model, especially as countries restart after the Covid-19 pandemic. He has often said that “the only way out of the current crisis is together”.

During his Urbi and orbi for Easter, he specifically addressed the topic of debt relief. “In light of the current circumstances,” Pope Francis said, “that international sanctions be relaxed, as they prevent the countries on which they have been imposed from providing adequate support to their citizens, and that all nations be brought into line. position to meet the greatest needs of the moment by reducing, if not canceling, the debt weighing on the balance sheets of the poorest nations. “

In his last encyclical Fratelli tutti, he spoke about debt relief in the context of the fundamental right of peoples to survive and grow. This right, he said, is sometimes “severely restricted by the pressure created by the external debt”. This debt stifles and severely limits development, he continued. “While respecting the principle that any legitimately acquired debt must be repaid, the way in which many poor countries fulfill this obligation must not end up jeopardizing their very existence and their growth.”


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AG Becerra urges Secretary DeVos and Acting Secretary Miller to secure interest relief on essential student loans for U.S. veterans

SACRAMENTO, November 11, 2020 – California Attorney General Xavier Becerra today sent a letter to Education Secretary Betsy DeVos and Acting Defense Secretary Christopher C. Miller requesting updates on their efforts to relieve military personnel of their obligation to pay interest on student loans while serving in a combat zone. In 2008, Congress waived all interest charges for direct student loans for military personnel serving on active duty during a war, military operation, or national emergency, and receiving hostile fire or danger allowance. imminent. However, the Office of Consumer Protection estimates that in 2015, military borrowers eligible for the rebate paid more than $ 100 million in unnecessary interest charges on their federal student loans. In today’s letter, Attorney General Becerra urges Secretary DeVos and Acting Secretary Miller to do everything possible to ensure that payments on unnecessary interest charges are automatically refunded and eligible military personnel are protected. against illegal overcharging in the future.

“Today we recognize the service and sacrifice of service members, veterans and their families. These American heroes have stood up for us, so in any way we can, we have to support them ”, said Attorney General Becerra. “Historically, the Department of Education has failed to honor its commitments to our country’s military, including the obligation to provide interest relief on student loans to veterans. Every dollar counts for a serviceman with past due student loan debt. I am seeking information from the Pentagon and the Department of Education to determine whether these agencies are fulfilling their obligations to those who have dedicated their lives and careers to serving and protecting our country. It’s time to turn the corner.

Last November, the Department of Education and the Department of Defense announced a proposed data matching program that would provide automatic debt relief to eligible veterans. Since then, it is unclear whether, and to what extent, this program has been implemented or used to provide repayments or other debt relief to eligible borrowers. In the letter, Attorney General Becerra calls on agencies to confirm whether an automatic debt relief program has been implemented for eligible borrowers. If the program has been implemented, the letter requests a description of the program, as well as critical information regarding the administration and effectiveness of student loan relief for eligible military personnel. If the program has not yet been implemented, the letter asks for an explanation of why and seeks information on the number of borrowers who are eligible for the relief but have not yet received it.

Attorney General Becerra is committed to protecting and supporting our military families. In May 2019, Attorney General Becerra sent a letter urging the Department of Education to pay off student loans for tens of thousands of disabled veterans as part of their service by developing an automatic release program. In June 2020, the Attorney General Becerra filed a complaint against Secretary DeVos and the Ministry of Education for his failure to implement the extended civil service loan waiver program. In addition, in October 2018, Attorney General Becerra sent a letter to the Consumer Financial Protection Bureau Condemning Acting Director Mick Mulvaney for removing the agency’s oversight of lenders under the Military Loans Act. In addition, the Attorney General’s office was instrumental in advocating for an automatic closed-school discharge provision in the Obama-era borrower defense rule, which was passed as a result of a negotiated regulation involving our office, and which provided automatic discharges to student borrowers who had attended the ITT technical institute and Corinthian colleges.

A copy of the letter is available here:

https://oag.ca.gov/sites/default/files/Becerra%20to%20Secs%20DeVos%20and%20Miller%20re%20Combat%20Veterans%20Student%20Loan%20Interest%2011%2011%202020.pdf


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Mayor Lightfoot Launches Signature Chicago Utility Billing Relief Program


CHICAGO – Mayor Lori E. Lightfoot today joined City Comptroller Reshma Soni and Harold Rice, CEO of the Cook County Community and Economic Development Association (CEDA) to launch the Chicago Utility Billing Relief (UBR) Program. The initiative builds on Mayor Lightfoot’s commitment to dismantle the city’s historically regressive structure of fines and fees and will help Chicago’s most vulnerable residents comply with city utility bill payments. The program is designed to reduce the cost of the water and sewer portions of the City’s utility bills, making them more affordable and preventing residents from having to make difficult choices between paying for utilities and paying them. other essential goods and services. Debt relief will be provided to residents who demonstrate an ability to handle low rate bills for one year.

“The Chicago Utility Billing Relief Program is our final step in providing long-awaited financial support to residents who are struggling with their bills, forcing them to choose between paying for their water and other essentials, and in many cases succumbing. debilitating debt, ”said Mayor Lightfoot. “We can no longer afford to hold back their potential or ours. Through this program, Chicago families and communities will now have a path forward to meeting payments, as well as the possibility of full debt forgiveness, helping us build a more equitable, inclusive and better Chicago. optimistic for generations to come. “

The program works in partnership with the Cook County CEDA, which manages the Low Income Home Energy Assistance Program (LIHEAP). It draws on the expertise and experience of CEDA leaders and uses its extensive network of partner organizations to conduct outreach activities and register owners. Owners of single-family homes and two-apartment units in Chicago must have LIHEAP-eligible income to be eligible for the Utility Billing Assistance Program. In addition, the participant must be the owner, reside at the address and have their name on the invoice as a customer. It is important to note that the Utility Billing Relief Program will not require residency documents in accordance with our Welcoming Cities Ordinance. It offers low-income residents of the city of Chicago:

  • A reduced rate on the water, sewer and sewer tax;
  • No late payment penalty or debt collection activity;
  • Debt forgiveness after successfully completing one year with no past due balance.

“CEDA draws on more than 50 years of experience in operations, education and engagement in its partnership with the City and through its work to ensure the continued delivery of high quality services to residents.” , said Harold Rice, CEO of CEDA. “We are committed to working with the City to reduce poverty, revitalize low-income communities and empower residents more than ever before, especially during the unprecedented time we are currently facing. “

The amount of debt related to water utility billing has increased nearly 300% since 2011 with more than $ 330 million in total debt today. This trend parallels the recent increase in water prices, which rose 166% over the same period to account for deferred investments in infrastructure over 80 years old on average. With much of the debt concentrated in many communities in the south and west, Utility Billing Relief is focused on helping these communities.

In late April, the city launched a soft launch of the Chicago UBR program, which focused specifically on residents already enrolled in the LIHEAP program. In the past two months, the City has enrolled 3,315 residents in the UBR program after sending communications to nearly 8,000 homeowners. Chicagoans already enrolled in the program are eligible for $ 2.9 million in debt relief if they remain in compliance with payments for the following calendar year. To carry out this smooth launch, the City worked with CEDA to create a call center to serve residents, send targeted emails to residents, and identify partner host organizations to help residents with questions. ‘enroll in the program.

“The UBR program is another example of our search for solutions to reform regressive policies that have disproportionately impacted our most vulnerable residents,” said Reshma Soni, City of Chicago Comptroller. “We have made progress in relieving the debt burden resulting from antiquated practices that have led to income inequality, and the UBR program builds on those efforts, especially now when so many Chicagoans are crushed by the economic tensions of the COVID-19 crisis. . “

With this program in place, the City will be able to focus its collection efforts on those who can most afford it, and homeowners will continue to be held accountable for paying water bills. In line with other fine and fee initiatives, for those who do not qualify for the reduced rate, residents can choose from multiple plans from a 6, 12, 18, 24, 36 month plan, accessible in line. Whenever a resident stays up to date on payments, they avoid being subjected to debt collection efforts.

The launch of UBR follows Mayor Lightfoot’s efforts to dismantle the city’s regressive fine and fee system and nefarious enforcement practices that have historically had a disproportionate impact on financially troubled communities. Last year, Chicago City Council approved a first fine and fee reform package that included input from dozens of advocacy groups and city departments, all of which were members of the Fines, Fees Collaboration and Access, formed in December 2018 and headed by City Clerk Anna. Mr. Valence.

The City has already brought critical relief to many residents through new practices, including: eliminating municipal sticker debt for those who can least afford it; reduction of excessive late fees on the City Sticker program; the elimination of license suspensions for non-driving offenses; launch of a series of new payment plans that expand debt repayment options; and new avenues to compliance to help eligible residents avoid a number of the devastating consequences of onerous municipal debt – including water cuts, towing and flooding, and more.

Those who may need help settling their debts are encouraged to visit Chicago.gov/newstartchicago for more information on payment plans, hardship qualifications, and other information related to fines and fees. Residents can sign up for flexible utility bill payment plans online at Chicago.gov/finance and those looking for more information about UBR or to register can visit Chicago.gov/ubr.

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Black farmer to receive $ 5 billion in COVID relief bill: “400 years past due”


President Bidenthe allocation of $ 5 billion in the American rescue plan (ARP) has the Republican Senator Lindsey graham from South Carolina upset. Well, the most accurate term for his anger is that he has a tantrum about the amount of money set aside for Black Farmers to help them survive.

Overall, $ 10.4 billion is earmarked for farmers across the country and half of that goes to black farmers. John boyd, head of the National Association of Black Farmers, says these billions are needed to help sustain and revive a dying industry. Boyd acknowledges, “We are frankly facing extinction. If we can’t involve a new generation of young people in farming and farming, black people and other farmers of color in farming, you won’t see it.

(Photo by Dan Kitwood / Getty Images)

Read more: State status for DC could arrive sooner than Puerto Rico – here’s why

Counting the number of black farmers in this country right now, he says that “46,000 black farmers remained in this country according to the US census. We lost a million farm families at the turn of the century. And we were killing 20 million acres of land. We’re down to about four and a half million acres of land.

While Senator Graham is vocal about his dissatisfaction with the assignment calling it reparations for black farmers, John hope bryant, the founder and head of Operation Hope, says it’s “a long time ago and over 400 years behind. You can’t compare it to white farmers because black farmers were the only ones enslaved. It’s not just about COVID, but it’s the right thing to do. ”

Black farmers have had their share of ruin and financial devastation at the hands of the US government. During the 1990s, black farmers filed a lawsuit against the United States Department of Agriculture (USDA) for discrimination in the loan program. Then president Bill clinton authorized payment for discriminatory practices for black farmers.

However, full restitution was not paid until Obama’s presidency.

ARP legislation provides another $ 1 billion fund to help USDA end systemic racism, provide technical and legal assistance to farming communities of color, and fund underfunded programs that will shape the future farmers and communities of color.

Read more: Vernon Jordan paved the way for black leaders in business and politics

USDA Senior Advisor on Race Actions Dewayne Goldmon says the money targeted for the USDA is significant “debt relief” for farmers who have been “long underserved.” According to Goldmon, this is an attempt at fairness.

Florida agriculture takes precautions for workers amid COVID-19 pandemic
Workers pick tomatoes at a farm owned and operated by Pacific Tomato Growers on February 19, 2021 in Immokalee, Florida. The workers, who are in the country on an agricultural visa, are mostly from Mexico. (Photo by Spencer Platt / Getty Images)

The ARP language for how debt relief will be promulgated by the USDA for black farmers is still under development.

However, Goldmon, a farmer from Arkansas himself, reveals from a farmer’s perspective, “Agriculture is a very capital intensive profession.” Most farmers affected by ARP will have access to three or four different types of USDA loans. This plan focuses on farmers who have operating loans, equipment loans and farm property loans.

Goldmon believes that if done right it “should make black farmers sustainable producers.”

The $ 1 billion USDA fund will include:

· Grants and loans to improve access to land and resolve inheritance issues;

· Support to one or more legal centers focusing on agricultural legal issues of farmers of color;

· Pilot projects focusing on land acquisition, financial planning, technical assistance and credit;

· A racial equity commission and related activities to address systemic racism across the USDA;

· Support for research, education and extension at historically Black colleges and universities and other institutions of higher learning that historically serve communities of color;

· Scholarships for land grant universities in the 1890s and for indigenous students attending land grant institutions;

· Awareness raising, mediation, financial training, capacity building training, training and support for cooperative development, and other technical assistance; and

Assistance to farmers, ranchers or forest owners of color who are former borrowers of agricultural loans and have suffered related adverse actions, or past discrimination or prejudice

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Natural Light’s Da Vinci Debt Surpasses Da Vinci As The Most Expensive Artwork In The World

Da Vinci of Debt celebrates the return of the Natural Light College Debt Relief program, launched in 2018. Each year, the program offers $ 1 million to help those burdened by the debt burden. Now entering the fourth year of his ten years, 10 million dollars engagement, Natty discloses the “highly ranked” plan behind his $ 100 rentals of diplomas in 2020 as he unveils the magnificent exhibition.

“The art world is filled with absurd price tags that most people find impossible to justify,” said Daniel blake, vice president of value brands at Anheuser-Busch. “This is what made it the ideal medium for this campaign. It’s a very apt analogy for the exorbitant cost of attending a typical four-year college. Da Vinci of Debt, we hope to inspire action around the college debt crisis and get more fans to participate for a chance to see Natty College’s debt relief program pay off their student loans. ”

Only in the art world can a single banana sell $ 120,000 and used linens from an artist go for $ 150,000. While other works of art like these are valued arbitrarily, the value of Da Vinci of Debt is derived from the average total cost ** of a four-year college education. The result is a work of art valued at $ 470 million, surpassing the most expensive work of art ever sold at public auction – Salvator Mundi, a 600-year-old Da Vinci painting that sold $ 450 million in 2017.

The design of the artwork is a fascinating collection of real diplomas, suspended in the air as if a gust of wind had dispersed them throughout the cavernous 6,000 square foot space of Vanderbilt Hall in Grand Central Terminal. The design aims to illustrate both the scale of the crippling debt crisis while also alluding to the chaotic impact college debt creates on those burdened with it. Each diploma has been carefully molded in place and brilliantly suspended using an intricate network of cables.

US university debt snowballing to a new record in 2021: $ 1.7 trillion* in total debt, and the average graduate pays more $ 180,000 ** By the time their degree is in hand, Natural Light is appealing to funds from the fine art world to view its exhibition and is open to entertaining bidders on the historic artwork.

“If that means giving more people the opportunity to enjoy the college experience without the debt that comes with it, we’re all ears,” Blake said. “Natty is committed to doing everything in our power to provide real solutions to college debt, and if there’s a serious bidder, you know where to find us… @naturallightbeer.”

The installation is in residence for a limited time in new York at Vanderbilt Hall at Grand Central Terminal from January 14-16, 2021. A complete gallery of the installation will be visible virtually at https://www.naturallight.com/davinci-of-debt.

In addition to the installation at Grand Central Terminal, Natural Light has partnered with Snap Inc. to replicate the Da Vinci of Debt in augmented reality (AR) making it accessible to anyone aged 21 and over via Snapchat. Using the Natural Light AR lens, Snapchatters can view and explore the exhibit virtually by placing it wherever they are and tapping sections of the setup to learn more about the crisis. University Debt in America and the Natural Light College Debt Relief Program.

In 2021, Natty is back with another $ 1 million in debt relief. Fans can tell Natty what prompted them to go to college for a chance to see Natty pay off his debt. Natty Light will accept entries using #NattyStories and #Contest from From January 11 to March 21, 2021. The complete contest rules are available on https://www.naturallight.com/natty-stories-2021. For more, follow @naturallight on Twitter and Facebook, @naturallightbeer on Instagram.

* Source: Federal Reserve report g.19
** Source: Student Loan Hero

NATTY COLLEGE DEBT
No purchase necessary. Open to residents of the United States who are twenty-one (21) years of age or older at the time of enrollment and who have enrolled in an accredited college or university in United States within fifteen (15) years preceding the date of entry. Begin 1/11/21 and ends on 03/21/21. See the official rules on naturallight.com/natty-stories-2021 for prices and details. Message and data rates apply. Void where prohibited. ENJOY RESPONSIBLY © 2021 Anheuser-Busch, Natural Light® Beer, St. Louis, Missouri

ABOUT NATURAL LIGHT
Natural Light was introduced in 1977 as Anheuser-Busch’s first low calorie light beer. Currently America’s sixth best-selling beer, Natural Light is brewed with a blend of premium hops and a combination of selected grains producing crisp flavor, light body and satisfying refreshment.

ABOUT ANHEUSER-BUSCH
For over 165 years, Anheuser-Busch has carried on a heritage of brewing high-quality, flavorful beers that have satisfied beer drinkers for generations. Today, we own and operate 23 breweries, 14 dealerships and 23 agricultural and packaging facilities, and have more than 18,000 colleagues across United States. We are home to several of America’s most recognizable beer brands including Budweiser, Bud Light, Michelob ULTRA and Stella Artois, as well as a number of regional brands that offer beer drinkers a choice of the tastiest craft beers in the world. industry. From responsible drinking programs and emergency drinking water donations to cutting-edge sustainability efforts, we are guided by our unwavering commitment to supporting the communities we call home. For more information visit www.anheuser-busch.com or follow Anheuser-Busch on LinkedIn, Twitter, Facebook and Instagram.

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Car Financing

Los Angeles leads in reducing consumer utility debt

Co-written by Yeshi Lemma, Los Angeles Alliance for a New Economy (LAANE)

The city of Los Angeles is taking action to address crippling debt accumulated by low-income utility customers during the COVID-19 pandemic. It plans to pay $ 50 million in COVID relief funds to some customers to cover debts incurred during COVID.

Energy load in Los Angeles

While the city’s moratorium on water and power cuts was a critical first step in maintaining Angelenos’ access to water and electricity during this public health and economic crisis, it this is only a temporary measure. Meanwhile, tens of thousands of Angelenos are out of work and unable to pay their bills. Los Angeles County Unemployment Rate peaked at 20.6 percent in May, and although it has since declined to 15.1%, people of color in California disproportionately affected by COVID 19 layoffs.

While 27% of white workers in the state have filed for unemployment insurance since March, 28% of Latinx workers and 31% of Asian workers have done the same. For black workers, the number was a staggering 46 percent. With such disparate unemployment, low-income communities and communities of color will likely bear the heaviest burden from high utility bills and unpaid balances.

But Los Angeles is trying to provide relief. The city will use funds from the Coronavirus Aid, Relief and Economic Security Act (CARES) to fund a utility subsidy program that will provide cash assistance that up to 100,000 low-income customers can use to pay their water and electricity bills.

The RePower THE Coalition, (over 30 community, labor, environmental and environmental justice organizations) have called on the Los Angeles Department of Water and Electricity (LADWP) to start planning when the moratorium is lifted. Without a plan, a wave of disconnections and indebtedness would be imminent for many low-income Angelenos at a time when water and ar electricitye more important than ever.

LADWP’s Council of Commissioners and staff understood the unprecedented opportunity to give Angelenos a fresh start by providing much-needed relief to low-income clients.

Long-term energy load

Although the grant program is a direct response to the pandemic, Angelenos needs more innovative solutions to address the long-standing problem of utility debt and the “energy burden” for Angelenos. Energy load, which refers to the total share of income a household spends on electricity bills, is a racial and economic justice issue that has disproportionately impacted low-income communities and communities of color before even the pandemic.

A study found that the median household energy load in Los Angeles was 2.75%, but 40% of black households and 30% of Latinx households paid more than double that amount. During the pandemic, these inequalities were exacerbated, with 28 percent of Angelenos facing serious problems paying their utility bills.

How is the City taking additional steps to settle the debt?

Until recently, there were no plans to offer debt relief to low-income customers, many of whom have accumulated more since the start of the pandemic and they have had to choose between paying for utilities or for food. and drugs.

The Low Income Discount Program (LIDP) and LADWP’s Lifeline programs, both of which offer discounts on bills to eligible customers, will not be enough to help households whose financial situation has worsened during the pandemic. Information on how debt affects customers is not readily available, but there is currently a proposal at the National Water Board that would require some water utilities, including DWP, to report total arrears. customers and individual customer debt ranges to the government in November. Assuming that new unemployed low-income customers couldn’t make their payments in the five months, LIDP and Lifeline participants likely racked up at least $ 18 million in unpaid bills (based on LA County Unemployment Rate March-September 2020 and the average costs of LIDP / Lifeline invoices as estimated by the LA City Controller).

Concerned about the situation, the city council adopted by an overwhelming majority a movement through Chairman of the Board Nury Martinez ask LADWP to report on a debt relief and cancellation program for low income clients.

His motion also included bill stabilization measures for low-income customers, where payments will be based on a percentage of monthly income, helping to prevent debt from increasing on their utility bills.

Utility Subsidy Program

The city of Los Angeles has received more than $ 694 million from the CARES Act, which Congress passed in response to economic hardship caused by COVID-19. To direct the funds, the Council created an ad hoc committee on COVID-19 Recovery and Neighborhood Investment, which has allocated $ 50 million for LADWP client bill relief. Due to federal restrictions, CARES Act funds cannot be used to make up for lost income and can only be used for direct relief. Therefore, the utility subsidy program will provide cash assistance directly to clients. Eligible customers who register for the program will be entered into a lottery. Those selected will receive a check for $ 500 to cover their debt. Customers will have to receive these funds by the end of the year or the funds will disappear.

While this program would provide much needed relief, the LADWP Board of Directors recognizes that more is needed, we look forward to hearing how DWP will rise to the challenge.

Give the example

Municipal electric utilities don’t have as many tools and resources to manage debt as their investor-owned counterparts. As such, municipal utilities across the country are struggling to find creative ways to deal with the growing debt created by customers facing unprecedented financial hardship due to COVID-19. Managing municipal utility debt means leadership must think outside the box and create new ways of dealing with it.

There are approximately 3,300 electric utilities in the country. Through courageous and creative leadership, we hope the biggest in the country can lead the way and show other utilities how to put customers first and find more innovative ways to deal with customer debt than they do. they serve.


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