Last year, the Biden administration provided a new path to make it easier to discharge student loans in bankruptcy. The results appear promising, but success has been limited.
Category: Personal Finances
-
Can You Buy a House in Your 20s?
For some young people, a path to homeownership often involves a mix of diligent saving combined with assistance from family or government loans and programs.
-
The Risks Hidden in Public Pension Funds
Attracted by promises of high returns, many public pension funds have been loading up on private equity but may not fully appreciate the dangers, our columnist says.
-
How a Breakup Budget Can Help Keep Retail Therapy in Check
We’re likely to spend more after a relationship ends. So why don’t we budget for it?
-
As Student Loans Come Due Again, Many Borrowers Lose a Lifeline
The payment pause freed up money that gave people breathing room — or allowed them to help family members in need. They will soon have to budget for that expense.
-
The Fed Is Trying to Cure Inflation Without Starting a Recession
Lowering inflation to 2 percent without causing a recession and throwing people out of work would be a rare achievement. The markets are acting as if it has already happened.
-
Why It’s Smart to Revisit New Year’s Savings Goals Now
There’s still time this year to make adjustments, especially with the coming resumption of student loan payments.
-
Biden’s New Student Debt Repayment Plan Could Cost $475 Billion
The report estimates that the plan will slash borrowers’ payments and cost more than President Biden’s recently rejected debt cancellation plan.
-
Trauma financiero: qué es y cómo lidiar con él
Las penurias económicas o los gastos médicos pueden distorsionar los sentimientos y comportamientos de las personas en torno al dinero y causar que saboteen su futuro económico.
-
Biden Cancels $39 Billion in Student Loans for 800,000 Borrowers
One-time credits will wipe out loans, fixing mistakes made by loan servicers when collecting payments under income-driven repayment programs.
-
Water Bills Are Rising. Here’s What to Do About It.
Consumers face higher costs as water systems replace old pipes and equipment. Shorter showers and water-efficient appliances can help manage the expense.