Biden admin cancels $39B in student loan debt for 800,000-plus borrowers
The administration says the new round of student loan forgiveness address “historical inaccuracies" in counting payments that qualify toward income-driven repayment plans.
Student loan scam attempts likely to rise after SCOTUS decision: FTC
Scammers are likely to start contacting borrowers, promising to help them repay their loans after SCOTUS struck down Biden’s student loan forgiveness plan, the FTC said. Here's how borrowers can protect themselves.
Student loan borrowers not ready to resume payments, unaware of options: survey
More than half of student loan borrowers said they don't feel financially ready to resume payments in 2023, even as the pause ends, according to the College Investor survey.
'SAVE' plan: What to know about Biden's alternate approach to cut student loan debt
Under the SAVE plan, the typical student loan borrower would save about $1,000 a month, the president said.
US inflation believed to have slowed in June in sign of easing price pressures
Some economists believe if inflation keeps slowing and the economy shows signs of improvement, a July interest rate hike could be the Federal Reserve's last.
Bank of America to pay $100M to customers over fees, opening accounts without consent
Are you a Bank of America customer? The bank has been ordered to pay $100 million to customers for several offenses, plus millions more in penalties.
Biden announces new student loan forgiveness plan for borrowers making less than 125K
Under the Higher Education Act, the Biden administration is taking another shot at student loan forgiveness after SCOTUS struck down its plans.
Viral TikTok trend 'cash stuffing' could help Gen Z stick to a budget
According to a recent Credit Karma Report, almost 70% of Gen Z is using cash more now than they did 12 months ago.
Target, Walmart announce back-to-school deals for teachers, students
Back-to-school deals are back for teachers and students.
Powerball jackpot grows to $650 million
No one took home Saturday's $631 million jackpot.
US Postal Service raising stamp prices Sunday
The USPS requested mailing price hikes earlier this year, citing inflation.
Monthly mortgage payments reach record highs in US
The median monthly payment for home purchase loans jumped 14.1% in May to an all-time high $2,165.
Biden administration announces SAVE plan after SCOTUS student loan decision
The White House announced SAVE, a new income-driven student loan repayment plan and other initiatives following the Supreme Court's decision to strike down widespread student loan forgiveness.
Americans are giving less to charity, poll finds
Over 55% of those who stopped giving say they don’t earn enough to afford donating to charity.
Subprime-rated consumers have less access to credit – Here's how to improve your score
Subprime-rated consumers may have fewer borrowing options to deal with unexpected costs as lenders tighten access to credit to this group in favor of more consumers with higher credit scores, a VantageScore report said.
Walgreens expects to close 150 US stores, CFO says
The store closings are expected to happen by 2024 in a cost-saving effort by the company.
Biden offers alternative student debt relief plan following Supreme Court ruling
President Joe Biden is offering an alternative student debt plan designed to ease borrowers’ threat of default if they fall behind on their payments.
Student loan forgiveness struck down: Here's what that means for you
The Supreme Court has ruled the Biden administration overstepped its authority in trying to cancel or reduce student loan debt, effectively killing the $400 billion plan.
Supreme Court strikes down Biden's student loan forgiveness plan – what's next?
The U.S. Supreme Court held that the Biden administration needs to have Congress’ backing for the costly student loan forgiveness plan and rejected arguments that the HEROES Act of 2003 gave Biden the authority he claimed.
Borrowers may see credit scores change once federal student loan payments resume
Resuming the payments on student loans means that a large percentage of nearly 40 million Americans who have not made payments on their federal student loans in the past three years may see some changes in their credit scores, according to the VantageScore report.