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.
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.
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.
Recession expected by end of 2023: Fannie Mae
A recession is likely in 2023, Fannie Mae forecasted. And the Fed may continue to raise interest rates after its June pause, despite projections that inflation will continue to cool.
Record number of Americans expected to travel this 4th of July: AAA
More than 50 million Americans may travel this 4th of July 2023 weekend, AAA reported. But with record travel expected, some times may be better to drive than others.
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.
Here's where homes face the biggest risk for natural disaster
Some areas, including places in Florida, have high-risk exposure to home damage from hurricanes and other natural disasters. But many homes aren’t equipped to withstand these events, according to a survey. Upgrading your home can protect it while saving you money on home insurance.
Today's lowest mortgage rate? 10-year terms at 5.625 percent amid rising rates | June 27, 2023
Check out the mortgage rates for June 27, 2023, which are trending up from yesterday.
Black-led credit union hopes to open in North Minneapolis
Arise officials say the Northside is a financial desert that is underserved by legitimate financial institutions.
Used car prices soar as demand for limited inventory grows, report says
Used car prices have softened recently but remain significantly higher than before the COVID-19 pandemic, according to a recent Edmunds report.
Legislative bill seeks to make expanded child tax credit permanent
House Democrats recently introduced the American Family Act of 2023, legislation that seeks to restore the expanded, monthly Child Tax Credit to parents across the U.S.
CFPB warns about side effects of using medical credit cards, loans
Alternative debt financing products like medical credit cards and medical installment loans can weaken consumers' financial well-being, the CFPB warned in a recent report.
Student loan payments will resume in October, Education Department confirms
Federal student loan payments are set to resume in October, while interest on loan debt will begin once again in September, the Education Department clarified.
Financial professionals recommend investing your bonus in your 401(k): survey
Most financial professionals recommend you contribute your bonuses to your 401(k). But many Americans don’t get bonuses or have 401(k)s. Here’s what you can do.
Credit card debt is at record high as Americans deal with inflation and rising costs: TransUnion
U.S. credit card balances increased 20% in the first quarter of 2023 compared to last year, a recent TransUnion report said.
Gas prices hold steady despite surge in demand for domestic gasoline: AAA
Gas prices decreased slightly for the week ending June 8, AAA said. Despite an increase in gasoline demand, fluctuating oil prices have limited increases at the pump.
More college students are putting their education on hold: reports
The population of Some College, No Credential (SCNC) students has increased and many cited college costs as major challenges, according to recent studies. Here’s what you need to know.
Congress votes to kill Biden's student loan forgiveness plan
Congress passed Republican-sponsored legislation proposing to revoke President Joe Biden's cancellation plan and prevent the U.S. Department of Education from canceling student loans.
Gas prices stay neutral to kick off summer, but there's a chance for a decrease in the forecast: AAA
The national average cost for a gallon stayed steady at $3.57, as demand for gas and oil prices fell, even as more than 37 million Americans drove to their holiday destinations on the holiday weekend, AAA said.
Homebuyers are finding better deals in these cities, survey says
Roughly 25% of home searchers looked to relocate to a new metro in the first quarter, according to a Redfin survey. But they may start seeing an uptick in inventory as sellers enter the housing market.