Personal finance

Mementojpeg | Moment | Getty Images The Biden administration has forgiven a record amount of federal student debt. But in about two months, President-elect Donald Trump, a vocal critic of student loan forgiveness polices, will enter the White House. Under Trump, the U.S. Department of Education is likely to abandon its efforts to deliver wide-scale
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U.S. President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, D.C., on Nov. 13, 2024. Allison Robbert | Via Reuters Congressional lawmakers will soon debate expiring tax breaks and new promises from President-elect Donald Trump. Agreeing on cuts and spending, however, could be a challenge. With a
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Boogich | E+ | Getty Images Lenders often encourage federal student loan borrowers to enroll in automatic payments. It can seem like a good idea to do so: Borrowers don’t need to worry about missing a payment and often get a slightly lower interest rate in exchange. However, the decision can backfire in a lending
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Karl-Josef Hildenbrand/Picture Alliance via Getty Images The number of older Americans who report losing more than $100,000 to fraud in a given year has more than tripled since 2020, according to the Federal Trade Commission, a trend that experts say represents a grave and growing threat to older adults’ financial security. In 2023, about 4,600
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