In a shocking move, President Donald Trump has decided that the management of the nation’s enormous student loan portfolio will be assigned to the Small Business Administration (SBA), rather than the U.S. Department of Education. This audacious announcement comes at a time when federal student debt has skyrocketed to over $1.6 trillion, with a staggering
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The recent ruling by federal judge Ellen Lipton Hollander has cast a significant shadow over the Trump administration’s Department of Government Efficiency (DOGE). By temporarily blocking access to the Social Security Administration’s (SSA) personal data, this decision highlights a contentious intersection between political maneuvering and the critical services provided to millions of American citizens. The
As America grapples with crippling student debt, President Donald Trump’s anticipated executive order to dismantle the Department of Education raises alarm bells across the nation. This move could devastate the lives of over 40 million individuals who hold federal student loans, placing their futures and financial stability in jeopardy. The looming question on everyone’s mind
The landscape of American higher education financing is fraught with treacherous pitfalls, not for the least of which is the recent lawsuit by the American Federation of Teachers (AFT) against the U.S. Department of Education. By shuttering avenues to affordable income-driven repayment plans, the Trump administration demonstrates an alarming disregard for the millions of Americans
Harvard University has made headlines with its recent decision to offer tuition-free education to undergraduate students from families making $200,000 or less, starting in the 2025-26 academic year. This initiative positions Harvard among a select group of institutions—primarily within the Ivy Plus cluster—that are proactively responding to soaring college costs. While the announcement has been
Experiencing the death of a spouse is undeniably one of life’s most harrowing challenges. The emotional turmoil isn’t solely confined to grief; it also wreaks havoc on the financial landscape of the surviving partner. An unfortunate phenomenon often referred to as the “widow’s penalty” lurks in the shadows, potentially foisting an avalanche of tax burdens
The specter of student loan debt has loomed large over American society for decades, but the ongoing economic turbulence is exacerbating this crisis to unprecedented levels. As unemployment rises—spurred on by layoffs in multiple sectors, including federal employment—over 40 million Americans find themselves shackled by a staggering $1.6 trillion of outstanding student loan debt. This
In an unpredictable financial landscape, many people view cash as a safety net. A recent survey from financial management app Piere highlights a startling statistic: the average American keeps around $544 in cash at home, tucked away in unconventional spots. While having cash accessible in emergencies may sound sensible, the reality is fraught with risks
Many individuals enthusiastically contribute to pre-tax retirement accounts such as 401(k)s and traditional IRAs, often falling into the trap of believing that their retirement funds are tax-free. This popular misconception blinds people to the reality that these accounts will eventually lead to a significant tax bill upon withdrawal. The commentary from financial professionals is clear:
The alarming rise in investment scams has become a significant crisis in the consumer landscape, with losses soaring to an astonishing $5.7 billion in 2024. This figure, reported by the Federal Trade Commission (FTC), highlights a 24% increase from the previous year, prompting urgent questions about consumer protection and the inadequacies in regulatory measures. Scams