The recent reopening of online applications for income-driven repayment (IDR) plans underscores a glaring inconsistency within U.S. education policy. Initially pulled back by the Trump administration earlier this year, the applications created chaos among millions of federal student loan borrowers. The temporary suspension of these plans, supported by a February court order, not only damaged
Personal
In an era where financial independence is increasingly elusive for young adults, a staggering 50% of parents with children over 18 have found themselves in the position of providing at least some level of financial support. According to recent statistics from Savings.com, this represents a worrying trend, rising from 47% just a year prior and
In today’s unpredictable financial climate, retirees face a precarious situation where their hard-earned savings may be at risk from the next market dip. After a tumultuous month of stock fluctuations, the anxious mood among retirees is palpable. The sharp peaks and valleys have sparked urgent discussions about investment strategies, prompting a recalibration of how we
As of 2025, a seismic shift is set to take place within the realm of individual retirement accounts (IRAs), particularly for those beneficiaries who are not spouses. The newfound regulations mandate that certain heirs must adhere to required minimum distributions (RMDs), ultimately forcing them to withdraw funds within a ten-year timeframe. One might immediately question—why
In a shocking move, President Donald Trump has announced plans for the Small Business Administration (SBA) to take over management of the federal student loan portfolio, which currently stands at a staggering $1.6 trillion. This decision is amidst a backdrop of administrative chaos, exacerbated by the recent executive order aimed at dismantling the U.S. Department
In a stunning development, a federal judge has imposed a temporary block on the Trump administration’s Department of Government Efficiency (DOGE) from accessing personal data housed at the Social Security Administration (SSA). This ruling, delivered by Judge Ellen Lipton Hollander, signals not just a legal confrontation but also poses serious implications for the 66 million
In a startling move, President Donald Trump is expected to sign an executive order that could lead to the dismantling of the U.S. Department of Education, leaving a staggering 40 million Americans who hold federal student loans bracing for chaos. It’s important to underscore that only Congress has the authority to completely abolish this agency;
In a recent move that can only be described as a setback for millions of student loan borrowers, the U.S. Department of Education has put the brakes on access to income-driven repayment (IDR) plans. This decision, stemming from the previous Trump administration’s policy, has been met with criticism as it effectively freezes the progress made
Grief manifests in myriad forms, often surfacing in unexpected ways. Among the profound emotional turmoil that accompanies the loss of a spouse, one haunting reality often lurks in the shadows: the financial aftermath. Dubbed the “survivor’s penalty,” this unfortunate consequence of navigating the tax system saddles bereaved spouses—particularly older women—amid their mourning. This article delves
In an unprecedented announcement, Harvard University has declared that starting in the academic year 2025-26, tuition will be eliminated for undergraduates hailing from families with incomes of $200,000 or lower. This move, though progressive, is echoing a sentiment that is not entirely new but has emerged gradually within the realms of elite educational institutions. Harvard’s