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.
Category: Student Loans
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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.
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Will Restart of Student Loan Payments Be the Last Straw for Consumers?
Americans have continued spending despite dwindling savings and inflation. But retailers worry resuming loan payments could push some over the edge.
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Bharat Ramamurti, a Senior Biden Aide Who Helped Shape Economic Agenda, Is Leaving
Bharat Ramamurti supported the president’s competition agenda and pushed the administration to do more for student borrowers and salaried workers
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What Happened When I Stopped Paying My Private Student Loans
One borrower’s story about falling behind on payments, defaulting on his private student loans and waiting out the statute of limitations on debt collection.
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U.S. Consumers Are Showing Signs of Stress, Retailers Say
Consumer spending remains resilient, but retailers’ latest earnings offered a glimpse into worrying shifts in shopping habits.