May 9, 2025

debt management

Loans

2025 high school grads facing $40k in college student loans

Entering young adulthood saddled with debt has become standard for many who want an undergraduate degree, sometimes to the tune of tens-of-thousands of dollars. Around 45% of 2025 high school graduates will go on to a four-year college, according to NerdWallet analysis, and more than one-third of them will take on student loans to pay for their

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Loans

Collection on defaulted student loans to restart May 5

The change will lead to garnished wages and benefits for more than 5 million Americans starting this summer. Collection of defaulted student loans to resume May 5: What to know Since the pandemic, federal student loan borrowers have been mostly protected from the harshest consequences of defaulting. That’s about to change on May 5. WASHINGTON

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Loans

Federal government plans to go after delinquent student borrowers. What to know

Do college graduates have regrets about their chosen majors? With the rising cost of college, Americans currently owe nearly $1.8 trillion in student loan debt. What majors are worth the money? The U.S. Department of Education will restart involuntary student loan collections on May 5. Borrowers in default for 270 days or more will face

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Loans

Personal loans for new parents: When do they make sense?, Money News

Parenthood is all about paradox — it fills your heart even as it drains your wallet. It’s not just the sweet lullabies you’ll need to master; it’s also the art of juggling costs. Last we checked, it can cost over $30,000 just to have your baby. And don’t even get us started on expenses during

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