Latest in Finance and Education
Can My College Rescind My Financial Aid?
Recent reports of colleges rescinding grants or admissions have caused concern among students and families. It's important to understand how federal funding changes may affect colleges, the difference between institutional federal grants and federal student aid and explain how individual circumstances can impact your financial aid package.
Trump Administration Working to Limit PSLF Eligibility
The Trump administration has announced proposed changes to the Public Service Loan Forgiveness (PSLF) program and income-driven repayment plans, raising questions about legality and sparking criticism. The Department of Education plans to begin the rulemaking process to move these changes forward
Managing Student Loan Debt During Economic Uncertainty
Managing student loans during economic uncertainty can be difficult. With rising living costs and questions about job stability, keeping up with payments might seem like a constant struggle. It’s harder to pay off debt when your income is stretched thin, and that can lead to stress or even missed payments.
More on Managing Student Loan Debt
Protecting 529 Plans During Market Downturns
For 529 plan holders, market downturns can introduce certain risks. Since many 529 plans invest in the stock market, a downturn could result in a temporary depletion of the funds' value. This volatility might be concerning, if the plan's beneficiary is nearing college age and withdrawals coming soon.
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What Happens to Student Loans if the U.S. Department of Education is Eliminated?
Federal Student Loans are Moving to the SBA
President Trump Sign Executive Order to Dismantle the U.S. Department of Education