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| Monday, Monday. It's Charisse Jones with the Daily Money headlines to help you start the week. |
| The federal student debt relief announced this summer is about to kick into high gear with applications set to drop this month. Borrowers who earned $125,000 or less in either 2020 or 2021, and households that make up to $250,000, can receive at least $10,000 in relief. And those who had Pell Grants, the tuition assistance typically available for lower-income students, can get up to $20,000 in federal loan forgiveness. |
| About 40 million people are eligible for some reduction in their student loan debt, and roughly half of them are expected to have their whole balance wiped clean, according to the White House. Borrowers should figure out what relief they might qualify for before student loan repayments begin again in the new year. |
Farmers face high stakes with inflation |
| The farmers whose crops fill many of the nation's grocery shelves with corn, soy and beef are reeling under skyrocketing prices for necessities ranging from fertilizer to seed to fuel. |
| While the average American is dealing with an inflation rate of about 8.2%, according to U.S. Labor Department data, farmers paid roughly 40% more to take care of their crops this year, says University of Kentucky agronomy professor Chad Lee. And farmers fear that 2023 could be just as costly. |
📰 More stories you shouldn't miss 📰 |
| Oh no. Not the bunnies. A Swiss federal court has ordered German grocery store chain Lidl to destroy the chocolate bunnies it sells because they are too similar to candies produced by the company Lindt & Sprüngli, violating that candy maker's trademark. |
| Rising inflation and interest rates create a Catch 22. Americans struggling the most with inflation may also be squeezed by the Fed's interest rate hikes aimed at bringing prices down. |
| Are Elon Musk and Twitter friend or foe? Text messages between Elon Musk and the head of Twitter, Parag Agrawal, show that they were friendly before Musk asked if the platform was dying in an April tweet. |
🍔 Today's Menu 🍔 |
| Are you team Candy Corn? Not so fun fact: Like most items in the grocery store, the sweet treat will cost more this Halloween with the price tag on Brach's Candy Corn at Walmart being roughly 4.7% higher than last year. And oh, by the way, a bug secretion is one of the ingredients in the glaze that gives candy corn its sugary sheen. |
About The Daily Money |
| Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TL;DR version: how decisions by the Federal Reserve, government and companies impact you. |
| Follow Charisse Jones on Twitter: @charissejones. |
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