The U.S. Department of Education headquarters is seen on March 06, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images A federal appeals court has ordered the end of the Saving on a Valuable Education, or SAVE, plan, the Biden-administration-era repayment program that brought lower monthly bills to millions of student…
Damircudic | E+ | Getty Images By many measures, the SAVE, or Saving on a Valuable Education, student loan plan was defunct. The Biden administration-era affordable repayment plan faced several legal challenges, and Congress voted over the summer to repeal the program. But Judge John Ross, of the U.S. District Court for the Eastern District…
A sign marks the entrance to the U.S. Department of Education headquarters building on June 20, 2025, in Washington, DC. J. David Ake | Getty Images News | Getty Images A federal judge on Friday dismissed the Trump administration’s request to eliminate a student loan repayment plan that lowered monthly bills for millions of borrowers….
Julpo | E+ | Getty Images The student loan delinquency rate is surging, new research finds. Nearly 25% of student loan borrowers with a payment due are now behind, compared with around 9% in 2019, during President Donald Trump‘s first term, according to a report published Friday by The Century Foundation, a left-leaning think tank….
Parents who took out student loans for their child’s education could be excluded from affordable repayment plans and loan forgiveness programs in the coming months if they don’t take certain steps soon, consumer advocates warn. “I’m hearing a lot of anxiety from parents about losing access to income-driven repayment plans,” said Kathleen Boyd, a certified…
Soon, parents and guardians can open a Trump account for their children — and a number of large employers are piling on the incentives to get set up. For starters, babies born in 2025 through 2028 may receive a one-time $1,000 contribution from the Department of the Treasury. There are no income requirements, and all U.S. families are…
Anthony Noto, CEO of SoFi, speaking with CNBC at the annual Allen & Co. Media and Technology Conference in Sun Valley, Idaho on July 10th, 2025. David A. Grogan | CNBC SoFi shares fell almost 6% in extended trading Thursday after the fintech company announced a $1.5 billion stock offering. The company, which provides online…
As Wall Street approaches the heigh of earnings season, CNBC’s Jim Cramer pinpointed the most important events happening next week — including the Federal Reserve’s meeting and earnings from Big Tech. Earnings are especially important as the government shutdown delays macro economic data, according to Cramer. He added that Friday’s gains make him fairly wary….
Edward Woodford, founder and CEO of crypto infrastructure firm zerohash. Courtesy: zerohash Crypto infrastructure startup Zerohash has raised $104 million in funding with backing from financial firms including Morgan Stanley and SoFi, CNBC has learned. The Series D round was led by Interactive Brokers, the global automated trading firm, and includes strategic investors who are…
Tyler Winklevoss and Cameron Winklevoss (L-R), creators of crypto exchange Gemini Trust Co., on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4, 2021. Joe Raedle | Getty Images Gemini Space Station, the crypto company founded by Cameron and Tyler Winklevoss, priced its…
