A long-standing federal student loan program that has opened the door to higher education for millions of low- and middle-income families—but has also been criticized for driving families deep into debt—is at risk as Congress considers sweeping changes to higher education policy. Both House and Senate Republicans want to cap how much parents can borrow
A HUGE banking giant is about to cut opening hours in half at 36 branches within days. Santander is set to change the opening hours of dozens of its branches from June 30. This move comes as part of a broader restructuring, which also includes the closure of 95 branches and the conversion of 18
ROCKDALE, Texas (KRHD) — T1 Energy and Milam County have agreed on a tax abatement that has benefits for both sides. In the deal, T1 is required to hire at least 1,000 local workers and invest a minimum $700 million. In Rockdale, the site of the old Alcoa plant will soon be the site of
‘LAP is suited for borrowers with a steady income, sound repayment discipline, and a clear repayment plan.’ Illustration: Dominic Xavier/Rediff With unsecured lending under pressure, banks and non-banking financial companies (NBFCs) are shifting their focus to loans against property (LAP), according to a recent report in Business Standard. Borrowers must understand the pros and
‘Switch out of an active fund if there is consistent underperformance.’ Illustration: Dominic Xavier/Rediff The expense ratios of several equity mutual funds have increased between September 2024 and March 2025, according to media reports. Investors should avoid knee-jerk reactions and respond to changes after proper thought. Why are fees increasing Total expense ratio (TER)
Under a new accountability measure recently proposed as part of a larger House budget bill, colleges would have to pay millions of dollars each year to reimburse the government for their students’ unpaid loans. The plan builds on an idea—known as risk-sharing—that lawmakers and policy analysts have been toying with since at least 2015. As
Over strong objections from Democrats, House Republicans on the Education and the Workforce Committee advanced legislation Tuesday that would make dramatic changes to the federal student aid system. The sweeping 103-page bill, known as the Student Success and Taxpayer Savings Plan, passed on a party-line vote after more than five hours of debate. The legislation
COLUMBUS, Ohio (WSYX) — Ohio is set to see nearly 700 new jobs and more than $835 million in investments after the approval of six major economic development projects, Governor Mike DeWine, Lt. Governor Jim Tressel, and Ohio Department of Development Director Lydia Mihalik announced Monday. The Ohio Tax Credit Authority (TCA) reviewed and approved
Borrowers in default could see their tax refunds or other federal benefits withheld once collections resume. J. David Ake/Getty Images The Education Department will resume collecting on defaulted student loans early next month, restarting a system that’s been on hold since spring 2020, the agency announced Monday. Starting May 5, the department will withhold tax refunds
A day after White House officials said the Education Department would administer the student loan program, President Donald Trump announced that the Small Business Administration would be taking over the $1.7 trillion portfolio. He told White House reporters that the move would happen “immediately,” though he didn’t say how that process would work. Currently, federal law