Economic despair dominates social media as young people fret about the cost of living. It offers a snapshot of the challenges facing Democrats ahead of the 2024 election.
Category: Student Loans
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How Millions of Borrowers Got $127 Billion in Student Loan Debt Canceled
The Biden administration may have been blocked from canceling debt for tens of millions of borrowers by the Supreme Court, but it has still managed to eliminate billions in education debt.
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What Fed Rates Mean for Mortgages, Credit Cards and More
Savers benefit from higher rates, but borrowers have faced bigger bills on credit cards, student loans and other forms of debt.
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‘Maid’ Pulled Stephanie Land Out of Poverty. She Still Worries About Money
Despite writing a best seller that became a hit Netflix series, Ms. Land says she still worries about her job security.
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Treasury Report Shows $1.7 Trillion Deficit
The widening gap between what the government spends and what it earns comes as Congress continues to spar over the proper levels of federal spending.
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A New Effort to Make College Aid Offers Easy to Understand
After years of criticism about financial aid letters that are confusing and sometimes misleading, about 400 schools have agreed to bring “clarity” to their communication.
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Despite the economy’s resilience, the outlook is hard to gauge.
With chaos lurking in Washington, interest rates surging and student loan payments resuming, the recovery faces new challenges.
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Biden Cancels an Additional $9 Billion in Student Loan Debt
The move comes just three days after student loan repayments resumed following a three-year pause.
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What Happens if You Miss Your Student Loan Payments
Missed payments will be reported as a forbearance rather than as delinquencies. But your credit score could still be affected.
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Wall Street’s Most Hated Regulator Faces an Existential Threat
Rohit Chopra, who leads the Consumer Financial Protection Bureau, says he is simply enforcing the law. Bankers call him reckless — a “regulator gone rogue.”
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Gen Z Is Poised to Spend More on Debt Than Others. It Could Derail Retirement.
Young adults are struggling to keep up their credit scores and paying an increasing amount of disposable income servicing their debts.
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What Fed Rate Moves Mean for Mortgages, Credit Cards and More
Savers benefit from higher rates, but borrowers have faced bigger bills on credit cards, student loans and other forms of debt.