The recent changes made by the Biden administration in the student loan bankruptcy policy have brought relief to many borrowers. According to consumer bankruptcy lawyer, Malissa Giles, clients have successfully received forgiveness for their debts under the new guidelines. This discharge has been described as life-changing for both the borrowers and their families. In the
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Many argue that it is becoming increasingly difficult for young adults of the millennial and Generation Z cohorts to achieve financial independence. Along with the rising costs of food and housing, these individuals are facing unique financial challenges that their parents did not encounter at the same age. Reports indicate that the wages of young
President Joe Biden recently highlighted the progress made in the fight against inflation during his State of the Union address. He emphasized the fact that wages are increasing while inflation is coming down. However, the reality on the ground tells a different story. While inflation has indeed cooled off from its peak during the pandemic,
California is notorious for having some of the highest gas prices in the United States. According to AAA, the national average for a gallon of regular unleaded is $3.40, while in California, it is a staggering $4.87. This significant difference in prices can be attributed to a myriad of factors that contribute to the state’s
Recent reports have shown that New York Community Bank (NYCB) has faced challenges in retaining deposits, losing 7% of funds over a turbulent month. This has raised concerns among customers who have chosen to withdraw their money from the regional commercial bank. However, a new capital infusion of over $1 billion has helped NYCB avoid
In recent years, consumers have increasingly turned to credit cards as a means to cover their expenses, but this trend seems to be catching up with them. According to a recent report from FICO, developer of one of the most widely used credit scores by lenders, the national average credit score in the United States
Harvard University has once again solidified its position as the ultimate “dream” school among college applicants, surpassing last year’s top contender, Massachusetts Institute of Technology. Despite facing challenges such as the resignation of the Harvard President and controversies surrounding antisemitism on campus, Harvard University managed to reclaim its spot at the pinnacle of college rankings.
The restart of student loan bills last October may have an impact on the 2023 tax filing for borrowers. One positive aspect is that their 2023 tax bill could potentially be reduced due to the student loan interest deduction. This deduction allows qualifying borrowers to deduct up to $2,500 a year in interest paid on
Building a strong budget is essential for achieving financial wellness. According to Tiffany Aliche, also known as The Budgetnista, a budget is a fundamental tool that provides a clear picture of how your money is being utilized. It serves as the foundation upon which you can establish your financial stability. Aliche, who is a personal