Student loan payments have resumed for the first time since 2020, and many borrowers are dreading the effect it will have on their finances. That stress could also negatively affect …
The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week, former Walmart U.S. CEO Bill Simon warns consumers are starting …
Drazen Zigic | Istock | Getty Images 1. In-school borrowers For student loan borrowers who are still in school, they may or may not see the interest on their debt …
Dikushin | Istock | Getty Images Here’s what else to know. Many borrowers’ bills will be cut in half The SAVE plan is an income-driven repayment plan that can cut borrowers’ …
The United States is entering a new economic era as the Federal Reserve hikes its benchmark interest rate. In July 2023, the federal funds effective rate stood above 5% for …
Supporters of student debt forgiveness demonstrate outside the U.S. Supreme Court on June 30, 2023, in Washington, DC. Olivier Douliery | AFP | Getty Images If you’re expecting debt cancellation …
President Joe Biden announces new actions on June 30, 2023 to protect borrowers after the Supreme Court struck down his student loan forgiveness plan. Chip Somodevilla | Getty Images The …
The Biden administration announced on Friday that it will eliminate $39 billion in student loan debt for 804,000 borrowers. This action is a result of improvements made to the federal …