Kristin Collier Courtesy: Emily Baxter When Kristin Collier applied for a credit card at age 22, she said, she was surprised to learn that her application was denied. That’s when she discovered that there was over $200,000 in debt under her name that she didn’t know anything about — including several student loans and credit…
Man planning home budget and using calculator Rockaa | E+ | Getty Images Many student loan borrowers could soon have access to lower monthly payments, as the U.S. Department of Education finishes implementing changes to one of its repayment plans. Previously, borrowers needed to prove a “partial financial hardship” — or income below a certain…
Alistair Berg | Digitalvision | Getty Images Recent legislation and policy changes under the Trump administration have upended federal student loans. For some borrowers, the shifts may affect their tax situation — how much they owe the IRS, or whether they actually get an expected tax refund. More than 40 million Americans hold student loans, and the outstanding…
Westend61 | Westend61 | Getty Images If you’re in the market for a new car and hoping to score a huge holiday deal, you may want to temper your expectations. While you might be able to find some Black Friday sales and end-of-year specials, they are neither plentiful nor generous this year, said Joseph Yoon,…
Daniel Gray and his husband, Douglas, and their dog. Courtesy: Daniel Gray On Oct. 23, the day after Daniel Gray’s 56th birthday, he received an email that made him feel like he was dreaming: The U.S. Department of Education would forgive his more than $170,000 student loan balance. “I could not believe it,” Gray said….
Julpo | E+ | Getty Images When it comes time to make a purchase, which credit card you use could soon determine how much you pay. A new settlement announced this week would end a longstanding dispute between businesses and Visa and Mastercard over credit card “swipe” fee practices. Swipe fees are charged to retailers,…
Douglas and Heather Boneparth Photo: Sylvie Rosokoff Love is complicated. Add in money and it gets even more so. But in their new book “Money Together,” Heather and Douglas Boneparth argue that having honest and proactive discussions about finances can make partners closer — and eventually, wealthier. They begin their book, published last month, with…
Tim Robberts | Digitalvision | Getty Images Student loan forgiveness is a major relief for borrowers — many of whom have been in repayment for decades. But after receiving debt cancellation, there are key steps you should take, experts say. The Trump administration agreed last month to resume forgiving people’s education debts under programs that…
Wayne Johnson at the Gables of Wolf Creek, the retirement community he owns in Macon, Georgia Annie Nova | CNBC A Republican who oversaw the country’s $1.6 trillion federal student loan portfolio during President Donald Trump‘s first term has funded a class action effort against the administration over its current borrower policies. The proposed class…
The Disability Awareness Council in Chapel Hill, North Carolina, assists individuals with disabilities in the community, offering aid ranging from transportation to housing advocacy. But for now, many services are on hold. “Because of the shutdown and cuts, core disability services that people rely on every week are either paused, reduced or running with unpaid…
