A student sits in a lecture hall while class is being dismissed at the University of Texas at Austin on Feb. 22, 2024, in Texas. Brandon Bell | Getty Images The Trump administration announced on Thursday that it will offer federal student loan borrowers who sign up for autopay a reduction of 1 percentage point…
Pekic | E+ | Getty Images With a bit of strategy, federal student loan borrowers can lower their monthly bills on the U.S. Department of Education’s new repayment plan, coming July 1. Under the Repayment Assistance Plan, or RAP, borrowers pay a higher percentage of their income as their earnings grow. That means that finding…
Boy_anupong | Moment | Getty Images Millions of federal student loan holders will have access to two new repayment options starting July 1, due to changes included in the One Big Beautiful Bill Act. As a result of the legislation, some student loan repayment plans are also going away. The Repayment Assistance Plan, or RAP,…
Fly View Productions | E+ | Getty Images As many homebuyers discover, getting a fixed-rate mortgage doesn’t necessarily mean your monthly payment will remain the same. For many homeowners, in addition to principal and interest payments each month, their mortgage payment includes amounts that go into an escrow account. That account then pays out homeowners…
Smith Collection | Gado | Archive Photos | Getty Images More graduate students are likely to take out private education loans after new federal loan caps were established in President Donald Trump’s One Big Beautiful Bill Act. That prospect is worrying, consumer advocates and other financial experts say — private lenders are likely to reject many…
Cavan Images / Gabriel Sean Photography | Cavan | Getty Images Consumers shopping used-car lots may notice that electric vehicles are increasingly sporting more affordable price tags. Even as purchases of new electric vehicles have faltered, used EV sales jumped 27.7% in March from a year earlier and were 53.9% higher than in February, according…
The so-called K-shaped economy is becoming more pronounced, new data shows. In the aftermath of the Covid pandemic, the K has been used to illustrate Americans’ diverging economic experiences: Higher-income households are increasingly better off, while lower-income households are falling further behind. A new report by credit reporting bureau TransUnion found that while credit conditions have improved…
A still from Netflix’s ‘Beef.’ Courtesy: Netflix In the new season of the Netflix comedy-drama, “Beef,” Ashley, played by Cailee Spaeny, lands in the hospital due to an ovarian cyst. The waiting area is bleak, with gray decor and patients who look like they’ve been stranded there for years. Ashley’s partner, Austin, played by Charles…
The Federal Reserve held interest rates steady at the conclusion of its policy meeting on Wednesday. In what could be Jerome Powell’s last as chair before President Donald Trump’s yet-to-be-confirmed nominee Kevin Warsh takes the helm, central bankers maintained the federal funds rate in a target range of 3.5% to 3.75%. Inflation has surged since the war with Iran…
O2o Creative | E+ | Getty Images Some state lawmakers want to ban a common practice among insurance companies that can drive up costs for consumers. Bills are pending in several state legislatures — including in Iowa , New York, Oklahoma and Pennsylvania — that would generally prohibit insurers from using consumers’ credit history to…
