In a bold move, the Trump administration sought to upend federal student loan management by transferring over $1.6 trillion in loans from the U.S. Department of Education to the Small Business Administration (SBA). However, a recent ruling from Judge Myong J. Joun of the U.S. District Court for the District of Massachusetts has put a
Personal
The economic landscape in the United States over the past few years has been anything but stable, largely due to unpredictable fiscal policies emanating from the highest office in the land. President Donald Trump’s evolving tariff strategies have sent markets on an uncalled-for rollercoaster ride since April, leaving families with college-bound children grappling with anxiety.
Owning mutual funds undoubtedly makes for a sensible investment strategy, particularly for those eyeing steady growth. However, one aspect that many investors often overlook is the burdensome tax implications that year-end payouts can impose. Picture this: you’ve held onto your investments, allowing them to grow undisturbed over time, but come December, a surprise tax bill
The recent advancements from House Republicans on a tax bill that centers around President Donald Trump’s promise of a “big, beautiful” economic incentive should be scrutinized with a lens focused on fairness and equity. The proposed changes to the child tax credit, while appearing generous on the surface, leave a significant portion of American families,
This week’s unanimous passage of the No Tax on Tips Act in the Senate is a striking reminder that even in the often-divisive realm of American politics, certain issues can unite legislators. However, this alliance raises some critical questions about the efficacy and fairness of such a measure. The act, with its aim to offer
The Trump administration’s move to revive the collection of defaulted federal student loans marks a chilling chapter in the ongoing saga of higher education funding and its ramifications on borrowers. While the intention might be to restore order in a system long plagued by delinquency, the reality is far less reassuring. The resumption of collection
In the aftermath of an acute bout of panic buying that gripped the nation, a notable shift in consumer sentiment is unfolding. Research indicates that, rather than indulging in excess, many Americans are reconsidering their approach to consumption. Emboldened by an unsettling economic climate and high inflation, an overwhelming 83% of consumers reported readiness to
The story of Jason Collier, a dedicated special education teacher in Virginia, epitomizes the harsh financial reality faced by countless Americans grappling with student debt. As Collier attempts to manage the dual pressures of supporting his two children and dealing with medical expenses from a cancer diagnosis, the looming threat of wage garnishment becomes a
As persistent waves of anxiety wash over borrowers in the United States, the recent intensification of the Trump administration’s student loan collection efforts cannot be ignored. It creates a perfect storm for individuals who find themselves teetering on the precipice of default. The phrase “student loan” is often paired with sighs of defeat, and it
With the ink barely dry on their diplomas, recent graduates find themselves thrust into an unpredictable job market. College commencement, often envisioned as a beacon of hope and opportunity, is now shadowed by economic uncertainty. Factors such as rising inflation and geopolitical tensions signal that the road ahead is far from clear. Newly minted professionals