The Biden administration announced Wednesday, May 1, that it will be canceling $6.1 billion in student loan debt for 317,000 people. The debt forgiveness targets people who attended the now-defunct for-profit Art Institutes. In a statement President Joe Biden said the Art Institutes “falsified data, knowingly misled students and cheated borrowers into taking on mountains…

President Joe Biden announced a new plan for student loan forgiveness in Madison, Wisconsin, on Monday, April 8. The White House stated that millions of Americans could start seeing debt relief by this fall, if the proposal goes through. In front of an estimated crowd of 150,000 people, Biden announced the plans in a key…

Americans are facing a record amount of credit card debt in 2024 at more than $1 trillion total. Adjusted for inflation, WalletHub says credit card debt is about 10% below its peak, which Americans hit in 2008 during the Great Recession. However, WalletHub estimates growing balances this year could put the inflation-adjusted record in striking…

A recent study from Savings.com found that nearly half of American parents (47%) are providing financial assistance to their adult children, emphasizing economic challenges faced by younger generations. According to the study, rising costs of living, including increased expenses for food and housing, have led many young adults to rely on parental support for their…

President Joe Biden announced on Monday, March 11, that Housing and Urban Development Secretary Marcia Fudge will be stepping down from her position. Fudge expressed mixed emotions about her departure, citing her dedication to ensuring justice and equality for all Americans. During her tenure, Fudge championed initiatives to remove barriers for homebuyers with student loan…

On Feb. 21, President Joe Biden approved $1.2 billion in student loan debt forgiveness to almost 153,000 borrowers under his Saving on a Valuable Education (SAVE) Plan. To qualify for this forgiveness, borrowers must have been repaying their loans for at least 10 years. Following the Supreme Court’s rejection of Biden’s initial student debt relief…

President Joe Biden, at 81 years, is the oldest actively serving president of the United States in history. Donald Trump, who turns 78 in June, is not much younger. Americans’ concern for the advanced ages of their two leading political candidates has at times overshadowed concern about the issues themselves, and that is likely to…

It’s 2024 which means many members of Generation Z are all grown up and starting to see adult problems — mostly money problems — creep into their lives. Now, one favorite Gen Z hot spot, Chipotle, is stepping up to try to help them out. According to Credit Karma, zoomers are racking up credit card…

The Biden administration recently unveiled its latest initiative to cancel student loan debt by forgiving $5 billion in loans for approximately 74,000 borrowers who took $12,000 or less and have been repaying for a decade. This fast-tracking relief plan is delivered through the public service loan forgiveness (PSLF) program and income-driven repayment (IDR) plans, and…

According to the Education Data Initiative, 43.6 million Americans have federal student loan debt. Collectively, Americans owe $1.7 trillion, and hope for relief has been a rollercoaster throughout Joe Biden’s presidency. Thursday, Jan. 11, that rollercoaster hit another peak, as the Department of Education announced that Americans with smaller federal student loans will get relief…