MORNING BUSINESS REPORT: Not Worth Student Loan, Internet Bill Help, Large Wind Farm | New
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(WFSB) – The government wants to foot the Internet bill, at least for a month.
Plus, many college graduates have said the debt is not worth it.
Here is the Morning Business Report of May 13.
Not worth the loan
A recent study by Ramsey on “The State of Personal Finances” found that 53% of those who took out student loans to pay for their education regret it, and 43% regret going to college.
Debt, according to many respondents, has led to sleepless nights and daily worries about money.
Internet discount
You may be eligible for a monthly coronavirus pandemic rebate of $ 50 on your home broadband internet bill.
The emergency broadband benefits program was included as part of the approximately $ 900 billion COVID-19 relief plan adopted by Congress in December 2020 and signed by then-President Donald Trump. It has set aside $ 3.2 billion for the Federal Communications Commission to cover the program.
People can find out if they are eligible by going to fcc.gov/broadbandbenefit.
Wind farm
The United States gives the green light for its first large offshore wind farm.
It will be located in the waters off the coast of Massachusetts.
The Vineyard wind project, he said, is expected to generate 3,600 jobs and “provide enough electricity for 400,000 homes and businesses.
Stock market update
Consumer prices in the United States, what people pay for food, gas and raw materials, jumped 4.2% in April. It was the biggest jump since 2008.
Stocks fell 680 points with the Dow Jones.
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