In a surprising move that can be viewed through a critical lens, President Donald Trump’s recent decision to transfer the management of federal student loans from the Department of Education to the Small Business Administration (SBA) has raised a flurry of concerns. The sheer audacity of this initiative speaks volumes about the priorities of this
Personal
In the murky waters of politics and governance, recent developments surrounding the Social Security Administration (SSA) have ignited discussions that reveal not just the dysfunctionality of federal agencies but also the delicate balance between data privacy and the essential services they offer. With a federal judge granting a temporary block to the Department of Government
In the tumultuous realm of American politics, few decisions carry the potential to upend millions of lives like those involving education and student loan management. Recently, President Donald Trump has signaled intentions to sign an executive order aimed at dismantling the U.S. Department of Education. With a staggering $1.6 trillion in federal student loans hanging
In a striking move that epitomizes governmental irresponsibility, the American Federation of Teachers (AFT) has taken the U.S. Department of Education to court, challenging its abrupt withdrawal of income-driven repayment (IDR) plan applications. This decision directly impacts over 12 million borrowers who rely on these plans to manage their student loans effectively. The situation reflects
The recent announcement from Harvard University to provide free tuition for undergraduates from families with annual incomes of $200,000 or less marks a pivotal moment in the landscape of higher education financing. This shift isn’t merely about one prestigious institution making a progressive choice; it’s part of a larger trend among elite universities aiming to
Losing a spouse is already one of life’s most profound challenges. In the midst of grief and heartache, survivors are often blindsided by unexpected financial repercussions that come with this significant loss. One of the most perplexing and challenging realities they may face is the so-called “survivor’s penalty.” This term refers to the abrupt transition
The landscape of student loans in the United States feels increasingly treacherous, particularly for those grappling with job loss. With more than 40 million citizens burdened by student debt totaling over $1.6 trillion, the stakes have never been higher. This mounting financial pressure intensifies as job cuts—fueled by a volatile economy and recent federal employment
In the quest for a secure retirement, many individuals instinctively pour their earnings into pre-tax retirement vehicles like 401(k)s and traditional IRAs. On the surface, this seems like an astute financial move. However, what many fail to recognize is that these pre-tax contributions come with strings attached—specifically, future tax liabilities. Contrary to popular belief, these
In times of uncertainty, the image of cash hidden in the nooks and crannies of our homes offers an alluring sense of security. Survey data reveals that the average person holds approximately $544 in cash stowed away, often in less traditional hiding spots like freezers or secret compartments. While these practices may provide temporary peace
In an alarming turn of events, consumers in the United States lost a staggering $5.7 billion to investment scams in 2024, marking a significant 24% increase from the previous year. This figure reportedly eclipses losses from all other forms of fraud, demonstrating the growing sophistication and reach of these scams. While the statistics alone are