Liudmila Chernetska | Istock | Getty Images The U.S. Department of Education recently announced a number of massive changes to the federal student loan system, which it says could bring millions of borrowers closer to debt forgiveness. Federal student loan borrowers have long run into serious issues, including misinformation from their servicers, too many choices
Personal finance
Math teacher Marina White teaches Canyon High School seniors in Canyon Country, California, a lesson on investing and the power of compound interest. Helen Zhao | CNBC Millions of high school students across the U.S. will graduate in 2022 with one important course under their belt: personal finance. Recent momentum among states requiring personal finance
A “We’re Hiring” sign hangs on the front door of a toy store in Greenvale, New York, on Sept. 30, 2021. John Paraskevas/Newsday RM via Getty Images State cuts to pandemic unemployment benefits last summer had a small impact on hiring, suggesting enhanced funding for the unemployed didn’t play a big role in labor shortages,
Casarsaguru | E+ | Getty Images With a background of high inflation and the war between Russia and Ukraine still unfolding, April has been an unhappy month for stocks. The Dow Jones Industrial Average was down 0.89% for the past month to date as of Friday, for example, while the S&P 500 Index was down
Today’s financially savvy teens are thinking a lot about cryptocurrency, blockchain and non-fungible tokens, or NFTs. Many of these young investors are curious about how they should start putting money into the often-volatile asset class. Experts say that new investors don’t need to shy away from cryptocurrency, but warn that they should educate themselves on
The U.S. Supreme Court in Washington, D.C. Al Drago | Bloomberg | Getty Images Efforts to expand a federal program for disabled, elderly and blind Americans suffered a setback on Thursday when the Supreme Court ruled that Puerto Rico residents should be excluded from receiving those benefits. The program, called Supplemental Security Income, or SSI,
Georgijevic | E+ | Getty Images If you had a surprise tax bill this filing season, it may be time to adjust your withholdings, financial experts say. Whether you’re a W-2 employee or self-employed, the IRS expects an ongoing piece of your income, paid through withholdings or quarterly payments. As of April 8, nearly 68% of
Getty Images Many employers offer their workers benefits beyond just health insurance and retirement planning. These perks can range from mental health services to financial advice and can be used to grow your personal wealth. But many workers don’t know what benefits they’re eligible for. In fact, some 32% of employees said they are confused
Rep. Judy Chu, D-Calif., speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol. Sarah Silbiger | Bloomberg | Getty Images The U.S. Supreme Court has rejected a challenge from New York and three other states to overturn the $10,000 limit on the federal deduction for state and
Skyrocketing student debt has been devastating for young adults. As the cost of college has risen, more students have had to borrow to help pay for school. Now, recent graduates are delaying some of life’s major milestones because of their loan burdens. Americans across all generations have made such sacrifices, from saving for retirement to
Justin Sullivan | Getty Images Powerball players may want to make sure they’re looking more closely at their numbers after each drawing. In about two weeks — on May 5 — a ticket purchased in Michigan a year earlier and worth $1 million will expire. And just last month in Maryland, no one came forward
Millions of student loan borrowers will be closer to debt forgiveness after a number of changes the U.S. Department of Education plans to make to the lending system. The Department made the announcement Tuesday, saying it plans to address “historical failures in the administration of the federal student loan programs.” Those changes include reassessing the