Personal debt
Education Department cancels $1.5 billion in student debt for 79,000 borrowers subjected to ‘false promises’ by Westwood College
Tero Vesalainen | Istock | Getty Images The U.S. Department of Education on Tuesday announced it will cancel all remaining federal student debt for former students of the now-defunct for-profit Westwood College, delivering $1.5 billion in relief to 79,000 borrowers. The cancellation covers students who attended any location of Westwood College, including online programs, from […]
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64% of shoppers are concerned about ‘shrinkflation.’ What it is and how to enjoy for it when searching
A customer outlets in a Kroger grocery retailer on July 15, 2022 in Houston. Brandon Bell | Getty Visuals Quite a few individuals have suffered sticker shock at the grocery retail store because of to record higher inflation. But a different shock which is grabbing consumers’ awareness — and even trending on TikTok — is […]
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Past university student financial loan forgiveness, here is what the authorities can do to hold the climbing family personal debt in check
Credit score and Financial debt – Particular Report Past university student financial loan forgiveness, here is what the government can do to retain the growing home credit card debt in check out Revealed Sat, Aug 27 20227:50 AM EDT Nathaniel Lee Look at Reside Online video14:2914:29 Why People are drowning in financial debt Markets and […]
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These 13 states may hit borrowers with up to $1,100 in state tax liability on forgiven student loans. How to know if your debt cancellation will trigger a bill
President Joe Biden’s student loan forgiveness plan will soon cancel debt for millions of Americans — and the relief is tax-free on federal returns. However, experts say the cancellation may still trigger a state tax bill. Most borrowers making less than $125,000 per year or $250,000 for married couples filing together will qualify for $10,000 […]
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Scammers are making use of college student mortgage forgiveness as bait, FTC warns. Right here are recommendations to shield yourself
Critical Details President Biden introduced a approach to forgive up to $20,000 in federal college student personal debt for borrowers who received a Pell Grant and up to $10,000 for all those who didn’t, underneath specific earnings boundaries. Scammers will likely leverage the information to defraud unsuspecting debtors. This is what to know to prevent […]
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Biden cancels $10,000 in federal college student financial loan personal debt for most borrowers
President Joe Biden on the South Lawn of the White Dwelling on July 12, 2022. Chip Somodevilla | Getty Images News | Getty Pictures President Joe Biden announced Wednesday that he will forgive $10,000 in federal student financial debt for most borrowers, satisfying a marketing campaign pledge and providing economical relief to thousands and thousands of […]
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Consumers are shelling out an average $10,000 more for used cars than if prices were ‘normal,’ research shows
Jim Watson | AFP | Getty Images It’s no secret that used-car prices have skyrocketed over the last two years amid an industry turned upside down by supply-chain issues and reduced new-car inventory. But how much extra are consumers paying? An average of $10,046 more — 43% — than if typical depreciation expectations were in […]
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U.S. inflation jumped by 9.1% in June, a four-decade high: Here’s what you need to know about inflation
Americans paid much higher prices for goods and services in June compared to a year earlier, as inflation continued to soar, the Bureau of Labor Statistics reported. The consumer price index is one of the primary measures of inflation. CPI jumped to 9.1% last month from a year ago, above the 8.8% Dow Jones estimate. That […]
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A self-made millionaire shares her top 18 ‘recession money rules’: ‘Don’t panic’ and ‘prepare to borrow’
Worried about what your financial situation will look like in a year — or even in a few months — from now? With all the concerns about economic growth, it’s reasonable to be worried about a potential recession. But the key is to start preparing now so that you’re in the best position with your […]
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The Federal Reserve hiked interest rates to combat inflation: Here’s what that means for you
The Federal Reserve recently raised interest rates by three-quarters of a percentage point, the most aggressive hike since 1994. This rise puts the key benchmark federal funds rate at a range between 1.5 and 1.75%. The Fed’s intention is to help combat inflation. Watch this video to find out what rising interest rates mean for […]
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