The prospect of shifting the management of federal student loans from the Department of Education to the Small Business Administration (SBA) is both alarming and puzzling. This is not merely an administrative restructuring; it signifies an alarming departure from the core principles that underlie federal educational support. President Trump’s recent pronouncement illustrates a reckless disregard
Personal
The recent legal decision barring the Trump administration’s Department of Government Efficiency (DOGE) from accessing sensitive personal data at the Social Security Administration (SSA) has stirred both controversy and grave concern. Under the stewardship of Judge Ellen Lipton Hollander, the ruling aims to protect individual privacy rights amid an alarming trend of governmental overreach. The
The potential dismantling of the U.S. Department of Education, as proposed by President Donald Trump, raises substantial concerns for borrowers—over 40 million Americans who rely on federal student loans totaling an astounding $1.6 trillion. This action isn’t merely about restructuring an agency; it’s about jeopardizing the lifelines tied to education financing and the economic futures
The American Federation of Teachers (AFT), one of the leading labor unions in the educational sector, is filing a lawsuit against the U.S. Department of Education. This legal action stems from a contentious decision made by the Trump administration to halt applications for income-driven repayment (IDR) plans, which have historically provided numerous borrowers with manageable
Losing a spouse is one of life’s most painful experiences, one that envelops survivors in grief and heartache. However, what complicates this raw emotional landscape even further is the sudden awakening to the harsh economic realities that await them. Often overlooked is that because of a seemingly innocuous switch from joint to single tax filing
Harvard University’s recent announcement regarding free tuition for undergraduates from families earning $200,000 or less is, without a doubt, a remarkable turning point in the educational landscape. This decision isn’t just a stroke of generosity; it represents a critical shift toward making elite education accessible to a broader range of students. As other Ivy League
In a rapidly shifting economy, job insecurity is becoming the norm for many Americans. With recent layoffs particularly affecting federal employees and certain sectors, the specter of unemployment hangs over millions. Coupled with the burden of student loans—totaling more than $1.6 trillion across 40 million borrowers—this financial stress could lead many to a breaking point.
When embarking on the retirement savings journey, many folks—perhaps too many—blindly pour money into pre-tax investment vehicles like 401(k) plans and traditional IRAs. While this immediate tax deduction can feel like a win, the reality is often a reckoning we don’t fully anticipate. These retirement accounts effectively serve as IOUs to the IRS, waiting to
In a world where financial security is paramount, the instinct to keep cash at home might seem appealing. However, this habit often masks a myriad of inherent risks that should give every individual pause. A recent survey by Piere reveals that as of early 2023, the average American keeps roughly $544 in cash and valuables
In 2024, investment scams led to an astonishing loss of $5.7 billion, a staggering increase of 24% from the previous year. This figure, sourced from the Federal Trade Commission (FTC), underscores a devastating trend affecting consumers who, perhaps naively, seek opportunities for wealth growth. What makes these scams particularly alarming is not just the financial