The Latest Debt & Finance Blog
The Biden and Trump administrations issued eight extensions on a forbearance program, but Congress passed a bill ensuring there will be no more pauses on student loan repayment, so borrowers…
Many financial advisers question the wisdom of getting big income tax refunds. But that’s a discussion for another day. If you’ve been getting federal refunds year after year, you’re probably…
The Supreme Court ruled June 29 that President Joe Biden did not have the authority to erase hundreds of billions of dollars in student loan debt, effectively ending the Biden…
As the Federal Reserve plays Whac-A-Mole with the American economy – ‘WE’RE IN A RECESSION! NO, WAIT, WE’RE NOT IN A RECESSION!’ – there is always the chance the mallet…
With a nod to Mark Twain, inflation has replaced the weather as the thing everyone talks about it, but nobody seems to do anything about it. Until now. Not that…
America has turned into a nation of quitters, though that’s not necessarily a bad thing. Spurred by the COVID pandemic, millions of people have joined “The Great Resignation” that’s happening…
Credit card use has increased as the nation continues to work its way out of the pandemic. According to the Federal Reserve Bank of New York, credit card bills rose…
The rules governing repayment of federal student loans contain so many nooks and crannies that it shouldn’t come as a surprise that you may have missed one created during the…
Is there a fourth stimulus check on the way? The success the federal government has had in helping Americans endure the economic disarray caused by the COVID-19 pandemic has prompted…
The average Joe – not Biden – figures to benefit most from passage of the $1.9 trillion American Rescue Plan. Approximately 145 million Americans will receive a third round of…
Sources:
- Olsen, E. (2023 May 31). Is the debt deal changing student loan repayment? Here's what you need to know. Retrieved from: https://www.npr.org/2023/05/31/1179091391/student-loan-repayments-debt-deal-supreme-court
- N.A. (2023, June 13) COVID-19 Emergency Relief and Federal Student Aid. Retrieved from https://studentaid.gov/announcements-events/covid-19
- Bernard, T. (2023 June 1) The Student Loan Payment Pause Is Ending. Here’s How to Prepare. Retrieved from: https://www.nytimes.com/2023/06/01/your-money/student-loan-payment-restart.html
- Nova, A. (2023 June 6). 3 big changes student loan borrowers could see when payments restart. Retrieved from: https://www.cnbc.com/2023/06/06/3-big-changes-student-loan-borrowers-could-see-when-payments-restart.html
- N.A. (2023, June 30) FACT SHEET: President Biden Announces New Actions to Provide Debt Relief and Support for Student Loan Borrowers. Retrieved from https://www.whitehouse.gov/briefing-room/statements-releases/2023/06/30/fact-sheet-president-biden-announces-new-actions-to-provide-debt-relief-and-support-for-student-loan-borrowers/