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If the eurozone won't grant debt relief in advance, why should the IMF chip in its €16.4bn contribution to the latest bailout?
Because the Department of Education has made several announcements about the circumstances under which it'll grant debt relief, Ann Larson, who helped to organize the Corinthian Fifteen protest, and the strikers have made some educated guesses about who will be covered.
Carter said the Pentagon would grant debt waivers to soldiers who took the enlistment incentives and other payments without realizing they were ineligible.
The Thursday letter follows similar requests made by Senate Democrats and appeals from consumer groups, such as the National Consumer Law Center, that the Education Department grant debt relief to those who attended Corinthian's schools.
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As a reward, Tanzania was granted debt relief in 2001.
Many of the people in the countries granted debt relief -- all in Africa and Latin America -- live on $1 a day or less.
Jesse A. Helms, the crusty North Carolina Republican and a skeptic of foreign aid, said Bono changed his mind on granting debt relief to poor nations and increasing AIDS funding.
The savings are expected to help redeem some of the project's cost, which is to be financed through private equity investment, grants, debt financing and government funds.
Moreover, private investors are not obliged to take the write-down, and two big holders of Greek debt, the International Monetary Fund and the European Central Bank, are not granting debt relief.
While canceling the debts would give these nations a much-needed lift, it would be a hollow gesture unless the International Monetary Fund were removed from the process of granting debt relief.
In an era of unprecedented prosperity for rich nations, their financial leaders are promising a high-profile campaign to double the number of poor nations granted debt relief by year's end.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com