President Joe Biden is doubling down on his student loan forgiveness promise with a new plan that would bring relief to over 30 million Americans. The proposal announced last week would fully wipe accrued interest for 23 million student loan borrowers, eliminating college debt for 4 million Americans. Overall, 10 million borrowers would see debt
The Biden administration is canceling even more student debt. On Friday, the White House announced that an additional 277,000 borrowers will see their student loans eliminated, amounting to about $7.4 billion in forgiven debt. Those borrowers qualified for that relief because they were enrolled in one of the loan repayment or forgiveness programs the administration
While collective investment trusts (CITs) almost caught mutual funds in 2023 as the most popular target-date vehicle, it appears likely they will overtake mutual funds by the end of 2024. According to Morningstar’s annual Target-Date Strategy Landscape Report released March 26, CITs—which since at least 2020 have attracted the most new money—continued to dominate
The Dalton Finance Committee at a recent meeting agreed to shift $10.7 million in funding to renovation of the John Davis Recreation Center and to what City Administrator Andrew Parker called “a rather aggressive street resurfacing plan.” The Finance Committee is comprised of the members of the City Council. The funds that will be shifted
Although collective investment trust (CIT)-based target-date (TD) products were expected to overtake mutual funds in 2023 and didn’t—that may finally change, according to Sway Research’s 2024 State of the Target-Date Market report. Though mutual fund series still possess slightly more assets, CITs—which generally charge lower fees—are proliferating. At the end of 2018, there were 62