The landscape of student loan repayment in the United States is on the cusp of change, particularly for the 40 million federal student loan borrowers. As President Joe Biden’s administration draws to a close, expectations are mounting regarding the future of various loan policies, especially in light of President-elect Donald Trump’s reserve views toward student
Personal
The holiday season, often characterized by joyous gatherings and merriment, can paradoxically transform into a source of financial anxiety for many. Each year, as people flock to stores and online platforms to secure the perfect gifts, they often fail to realize the financial consequences that may ensue once the celebrations are over. This year, a
Recent developments from the U.S. Department of Education have brought renewed focus on student loan repayment strategies, as the agency reopens access to two critical income-driven repayment plans: the Pay As You Earn (PAYE) Repayment Plan and the Income-Contingent Repayment Plan (ICR). These options emerge as pivotal solutions for borrowers grappling with skyrocketing educational debt.
With the financial landscape constantly evolving, the realm of exchange-traded funds (ETFs) has firmly established itself as a cornerstone of modern investing. Recent statistics reveal a monumental shift in this domain, as assets in U.S. ETFs surpassed an unprecedented $10 trillion mark in November, showcasing a remarkable rise in investor interest and engagement. This growth
The landscape surrounding small business regulations has taken on a complicated twist with the postponement of the beneficial ownership information (BOI) reporting requirement dictated by the Treasury Department. This regulation aims to unravel the complexities surrounding ownership structures that sometimes mask illicit activities conducted via shell companies. The legal workings of the Corporate Transparency Act
In recent years, financial education has emerged as a critical component of the curriculum in high schools across the United States. As young people face increasing demands and complexities regarding money management, institutions are responding with tailored programs that not only educate but also empower students. One noteworthy example is the KIPP DC College Preparatory’s
The current economic climate poses both challenges and opportunities for consumers as the Federal Reserve (Fed) anticipates a fluctuation in interest rates that diverges from conventional expectations. Understanding this forecast is essential for managing personal finances effectively, especially for those grappling with debt or those looking to maximize their savings. As various stakeholders adjust their
The festive season is often portrayed as a time of joy, family, and generosity. However, for many Americans, it can also lead to precarious financial decisions that culminate in a significant amount of holiday debt. A recent survey performed by LendingTree sheds light on this annual trend, revealing vital patterns and insights into the behavior
The landscape of regulatory compliance for small businesses in the United States has recently been altered by the U.S. Treasury Department’s decision to extend the deadline for filing Beneficial Ownership Information (BOI) reports. Originally set for January 1, 2024, the new deadline is January 13, 2025. This extension influences the operational and financial planning of
In a significant move aimed at assisting taxpayers, the Internal Revenue Service (IRS) has announced a plan to distribute automatic payments of up to $1,400 beginning this month. This initiative targets approximately 1 million taxpayers who failed to claim the 2021 Recovery Rebate Credit on their tax returns. This non-refundable tax credit was designed for