In an unexpected pivot, President Donald Trump has moved to transfer the management of federal student loans from the Department of Education to the Small Business Administration (SBA). This staggering announcement raises an alarm about the future of student debt management for over 40 million Americans. With outstanding federal education debt surpassing an alarming $1.6
Personal
In a striking legal showdown, a federal judge has intervened to halt the Trump administration’s Department of Government Efficiency (DOGE) from delving into sensitive personal data managed by the Social Security Administration (SSA). This ruling underscores the growing tension between governance and personal privacy, particularly when it involves entities with unconventional ties, like Tesla’s CEO
In a shocking move that reverberates through the halls of American academia, President Donald Trump’s administration has taken aim at the U.S. Department of Education, initiating actions that could dramatically reshape the landscape of higher education financing. This effort, revealed through an anticipated executive order, is not merely a bureaucratic reshuffling; it suggests an orchestrated
The American Federation of Teachers (AFT) has taken a bold stand against the U.S. Department of Education following its contentious decision to effectively disable affordable repayment plans for millions of student loan borrowers. This lawsuit epitomizes a frustrating trend where students, who simply sought a chance for a better future, are instead caught in the
Harvard University has recently taken a monumental step by announcing that it will provide free undergraduate tuition for students from families with annual incomes of $200,000 or less, effective from the 2025-26 academic year. This development places Harvard in a growing cohort of elite institutions striving to alleviate the financial burdens associated with higher education.
Losing a partner is one of life’s most devastating experiences. The emotional turmoil is often compounded by unexpected financial repercussions that can turn a time of mourning into a prolonged struggle. Many may not be aware that, following the death of a spouse, the surviving partner could face a “survivor’s penalty.” This phenomenon often leads
In today’s tumultuous economic environment, the burden of student loans looms larger than ever for millions of Americans. With more than 40 million individuals swimming in the murky waters of student debt—totaling over $1.6 trillion—it’s no wonder that many are feeling overwhelmed by the financial pressures that come with repayment. The situation has worsened recently,
In an age where retirement planning has become a popular topic of discussion, many individuals impulsively funnel their savings into pre-tax retirement accounts such as 401(k)s and traditional IRAs. While these financial instruments are masqueraded as the holy grail of retirement savings, failing to account for future tax implications can lead to regret. It’s akin
In times of economic uncertainty, the instinct to hoard cash at home often rises. A recent survey from financial management app Piere revealed that the average person in the U.S. keeps approximately $544 in cash and valuables stashed around their residence. While it’s undeniably prudent to want a financial cushion—especially during emergencies—where and how we
In 2024, the disturbing landscape of investment scams reached unprecedented levels, resulting in a staggering loss of $5.7 billion for consumers—a whopping 24% increase from the previous year, as reported by the Federal Trade Commission (FTC). This phenomenal rise demonstrates not just an increase in incidents, but rather a systemic failure to protect consumers from