The U.S. Department of Education last week announced it would begin collections on federal student loans in default. That means anyone behind on payments by 270 days or more will soon face automatic deductions from their wages, tax refunds and other income sources. Collections on overdue loans had paused for years during the pandemic. Betsy
Rising grocery prices are driving more consumers to use Buy Now, Pay Later (BNPL) loans to afford food, with 25% of users reporting they’ve used the service for groceries — up from 14% the previous year. Gen Z is the leading demographic using BNPL for grocery purchases, with nearly half of them considering applying for
WASHINGTON (AP) — House Republicans revealed the sweeping tax provisions for President Donald Trump’s big bill Monday, tallying at least $4.9 trillion in costs so far, partly paid for with reductions to Medicaid and other programs used by millions of Americans. The House Ways and Means Committee named its package ‘ ‘THE ONE, BIG, BEAUTIFUL
Student loan borrowers have a lot of questions about how wage garnishment works, as the Trump administration resumed involuntary collections. Those include concerns about how much money the government can take, whether they can challenge collection efforts and how garnishments work for those who are self-employed. Here’s what we know so far. Shortly after the
Small business loan application on the wooden surface and documents. getty Few decisions shape a small business’s financial future more than choosing the right type of loan. Whether you’re launching, expanding, or navigating a short-term crunch, knowing when to use a secured versus an unsecured loan can make all the difference. At its core, a
BB tightens rules to rein in bank’s in-house irregularities The central bank has tightened rules on lending to individuals and institutions connected to banks — such as directors, managing directors, their family members, and bank subsidiaries — to tackle widespread irregularities and scams in the banking sector. For all latest news, follow The Daily Star’s
Filing for Chapter 13 bankruptcy may give struggling borrowers a lifeline—but when it comes to student loans, relief is limited. Here’s what every borrower should understand about how bankruptcy interacts with education debt. Chapter 13 bankruptcy: What it does Chapter 13, also called a “wage earner’s plan,” lets individuals with regular income repay all or
Matt O’Hara, Chief Investment Officer, Unison. getty For many Americans, the traditional pillars of retirement—Social Security and 401(k) plans—no longer feel sufficient. Rising costs and longer lifespans mean that the nest egg once expected to cover a comfortable retirement may come up short. In this landscape, home equity has emerged as a critical resource. A
WASHINGTON — Student loan borrowers who receive federal benefits can now have their payments garnished if they’re in default on their loans. On Monday, the Department of Education announced it has begun issuing 30 day notices to defaulted student loan borrowers warning them that federal benefits and wages are subject to the Treasury Offset Program.
LANSING, MI – Michigan is offering to repay student loans for health care professionals who provide opioid addiction treatment programs. The Michigan Department of Health and Human Services aims to expand substance abuse disorder treatment by providing between $15,000 and $30,000 in student loan repayments to eligible health care providers. The program is available to