President Donald Trump’s recent announcement to transfer federal student loan management from the Department of Education to the Small Business Administration (SBA) has sent ripples through both the political arena and the financial sphere. With student debt surpassing a staggering $1.6 trillion, affecting over 40 million Americans, this decision is anything but trivial. In a
Personal
In a landmark ruling, a federal judge has intervened to halt the Trump administration’s unconventional initiative—specifically the Department of Government Efficiency (DOGE)—from siphoning personal data from the Social Security Administration (SSA). This decision, while primarily a legal maneuver, reflects deeper concerns about governmental overreach and the surreptitious use of sensitive citizen data by non-traditional government
In a move that can only be described as destabilizing, President Donald Trump’s recent initiative to sign an executive order aimed at dismantling the U.S. Department of Education raises alarming questions about the future of federal student loans—a staggering portfolio amounting to $1.6 trillion. This isn’t just an administrative shift; it signals a bleak future
The American Federation of Teachers (AFT) has taken a bold stance by launching a lawsuit against the U.S. Department of Education, spotlighting a grim reality for millions bearing the weight of student debt. This legal battle comes in response to actions taken by the Trump administration, notably the suspension of applications for income-driven repayment plans.
In a bold move that has sent ripples across the landscape of academic institutions, Harvard University announced that starting from the 2025-26 academic year, tuition will be entirely free for undergraduates hailing from households with incomes of $200,000 or less. This initiative signifies more than just a progressive policy shift; it represents a much-needed paradigm
The death of a spouse is undeniably one of life’s most emotionally taxing events. However, it can also trigger a whirlwind of unexpected financial consequences that may exacerbate an already painful situation. Among these, the so-called “survivor’s penalty” waits quietly, ready to pounce on those most vulnerable — surviving spouses. This financial shock is neither
In an era where job security seems as elusive as a distant mirage, the burden of student loans weighs ever heavier on the shoulders of over 40 million Americans. With the total student debt skyrocketing to a staggering $1.6 trillion, the hurdles faced by unemployed borrowers are manifold. In a job market that has seen
When it comes to planning for retirement, many people mindlessly funnel their hard-earned money into pre-tax 401(k) plans and traditional IRAs, banking on future tax breaks without seriously considering the implications of those decisions. While it’s tempting to look at these accounts as a ticket to increased savings, they can also become liabilities when it
In an epoch where digital transactions reign supreme, the age-old habit of stashing cash around the house remains prevalent but riddled with potential pitfalls. According to a recent survey by the financial management app Piere, the average American has roughly $544 hidden in various nooks and crannies at home. While it’s understandable to want an
In the shadows of our digital society looms a problem that is rapidly escalating, one that has manifested itself in an alarming statistic: consumers lost a staggering $5.7 billion due to investment scams in 2024 alone. This figure, representing a 24% increase from the preceding year, establishes investment fraud as the leading form of deception