Student loans have been a topic of contentious debate and policy shifts in the United States over recent years. With the alarming rise in the number of borrowers defaulting on their federal student loans, the federal government is now on the verge of reinstating collection activities that had been paused for the past five years.
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In recent years, professionals worldwide have increasingly adopted the #OpenToWork feature on LinkedIn, marked by the bright green badge that signifies their job-seeking status. Initially introduced in 2020, this feature allows individuals, whether actively hunting for new opportunities or passively exploring career options, to communicate their availability to recruiters and other network members. According to
Inheriting an Individual Retirement Account (IRA) can often be perceived as a financial boon, providing a source of income and savings during uncertain times. However, significant regulatory changes are on the horizon, specifically starting in 2025, which could dramatically affect the way heirs manage these inherited accounts. Financial advisors are alerting individuals to potential pitfalls
In the wake of President Donald Trump’s election for a second term, the financial landscape has begun to shape itself in intriguing ways. As he embarks on a new chapter marked by ambitious promises for economic reform, lower taxes, and reduced prices, stakeholders must consider how these changes could affect individual finances and the broader
In a substantial action taken by the Consumer Financial Protection Bureau (CFPB) against Equifax, one of the three leading credit reporting agencies in the United States, the company has been fined $15 million due to significant errors associated with consumer credit reports. The CFPB’s announcement on Friday reveals serious allegations pertaining to Equifax’s flawed processes
The new administration led by President-elect Donald Trump is poised to initiate significant shifts in the federal regulatory landscape, particularly concerning financial institutions. With the president preparing for his second nonconsecutive term, there are indications that several federal agencies may face restructuring or even elimination. This potential overhaul raises pressing questions about the future of
As travelers anticipate their adventures in 2025, understanding the financial landscape of travel is crucial. With a notable portion of the American public focused on flight and accommodation costs, planning ahead can lead to significant savings. Recent analyses have unveiled intriguing trends regarding airfare and hotel rates that can shape not only where, but how
As the Biden administration approaches the conclusion of its term, it has made significant strides in addressing the student debt crisis, culminating in a recent announcement that marks the final wave of student loan forgiveness. With over $600 million in debt canceled for approximately 8,700 borrowers, this action reflects the administration’s efforts to right the
The resumption of collection activities on federal student loans represents a significant policy decision that could affect millions of borrowers, especially those already facing the distress of default. With a considerable number of individuals—approximately 7.5 million—currently in default, the U.S. Department of Education is preparing to reinstitute aggressive collection methods such as wage garnishment and
The impending expiration of significant provisions from the 2017 Tax Cuts and Jobs Act (TCJA) looms large as the political landscape shifts with Republicans seeking to solidify their fiscal policies. With less than a week until the inauguration of President-elect Donald Trump’s administration, there is a palpable urgency among House Republicans to advocate for a