Higher interest rates take effect on July 1 for the next school year. Borrowers are already dealing with rising college costs and inflation elsewhere.
Category: Credit and Debt
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Rates on New Student Loans Will Rise on July 1
The New York Times – Business: -
Crypto Firms and Automakers Are Looking to Open Banks, at Trump’s Urging
The New York Times – Business:Urged on by the White House and a reduction in regulatory oversight, crypto companies and automakers are among those that have applied for banking charters.
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Should You Lend Money to Friends? More People Are Open to the Arrangement.
The New York Times – Business:Friendship and money don’t always mix. But many Americans feel comfortable discussing financial issues with their friends and lending them money.
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British Politics Is Obsessing Over the Bond Market. Here’s Why.
The New York Times – Business:Britain is facing another round of turmoil in government leadership, jolting debt investors who were already on high alert over inflation.
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U.S. Debt Is Now Bigger Than the Economy. That’s Not the Real Problem.
The New York Times – Business:Washington quickly brushed off a startling milestone in a mounting problem.
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Consumers Lean on a ‘Hamster Wheel’ of Credit to Manage Rising Costs
The New York Times – Business:As prices increase for gas, groceries and other staples, more and more households are borrowing to get by.
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U.S. Debt Hits a Concerning Milestone, and Experts Say Trump’s Policies Could Worsen It
The New York Times – Business:The debt is outgrowing the size of America’s economy. The president’s policies could accelerate the country’s fiscal headaches, experts say, unless policymakers intervene.
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GameStop’s CEO Ryan Cohen Baffles Fans With eBay Bid
The New York Times – Business:Investors questioned Ryan Cohen’s latest gambit after he gave an evasive CNBC interview and a once-loyal supporter sold his GameStop shares.
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Budget Airlines Ask Trump Administration for Billions as Fuel Costs Rise
The New York Times – Business:A trade group for the airlines is seeking $2.5 billion to help offset the big jump in jet fuel costs since the start of U.S.-Israeli attacks against Iran.
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U.S. Nears Loan to Rescue Spirit Airlines
The New York Times – Business:The Trump administration is negotiating a deal that would provide as much as $500 million to the struggling company, which is in its second bankruptcy in two years.