Changes to federal student loans that are expected to affect millions of student loan borrowers are taking effect as of July 1. A part of President Trump’s “Big Beautiful Bill,” these changes mean the end of some payment plans and new limits for graduate loans. Along with the sunsetting of the Biden-era SAVE plan, these changes are expected to raise the cost of payments for millions of borrowers. Around 9 million Americans are in default on their federal student loans as of June, according to the Education Department. Hundreds of thousands more are behind on loan payments and at risk of default this year.
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Think you can ignore all the hubbub around SpaceX, Elon Musk and IPOs? Your 401(k) won’t. Musk’s rocket company launched 19.2% higher in the first day of trading for its stock Friday, making it worth a total of $2.1 trillion. Whether or not you believe it deserves to be worth more than Exxon Mobil, Bank of America and Coca-Cola combined, the collective market does. And by virtue of having that big a value, SpaceX will soon join some high-profile stock indexes. That matters for investors and their 401(k) accounts because they’re depending more than ever on funds that simply mimic these indexes.
The bus is scheduled to make stops in the Louisville and Lexington areas in the next two weeks. People can get financial advice and take advantage of other services.
A man was arrested just before noon Tuesday after allegedly shooting a customer and then running away from a pawn shop in Dixie Highway.
An average of $21,706 is paid out through Down Payment Assistance, while the average paid out through the home repair program is $24,000 per applicant.
Wire
Credit Karma has been holding weekly surveys in order to get a better picture of Americans' finances since the onset of the pandemic.
Beginning April 1, the school will allow anyone not already enrolled at the school to take one free, one-credit online class.
Wire
Although gift cards have topped holiday wish lists in recent years, half of U.S. adults currently have unredeemed gift cards or store credits that are estimated to be valued at $21 billion in untouched money.