Fg Trade Latin | Electronics + | Getty Images Families will soon find college acceptance letters in their mailboxes.when students weigh where to joinmaking sure they don’t borrow too much is key, experts say. The consequences of taking on too much student debt can be severe. “If you borrow too much, you have less money … Read more
Dima_sidelnikov | Stock | Getty Images Recent headlines highlight the fragility of the economy stock market And it follows that many investors are able to make sound decisions about their investments retirement preparation. Many who recall their portfolios’ violent reactions during the dot-com bubble and financial crisis would rather avoid next recession. It is worth … Read more
What the Fed Funds Rate Means for You “The banking problems probably make a lot of people think twice,” said Diana Furchtgott-Roth, a George Washington University economics professor and former chief economist at the Labor Department. “People are less confident,” she said, referring to the wealth effect, or the fact that people spend less when … Read more
Prostock Studio | Stock | Getty Images You may not be able to claim the student loan interest deduction forward covid pandemicnearly 13 million taxpayers benefited Student Loan Interest Deductionwhich allows borrowers to deduct up to $2,500 a year from the interest they pay on private or federal student loans. The deductions for lowering adjusted … Read more
rate hike, one year later For its part, the Fed has raised its benchmark funds rate eight times in the last year to current levels between 4.5% and 4.75%. The federal funds rate, set by the central bank, is the rate at which banks borrow overnight. But Fed rates also directly and indirectly affect the … Read more
When it comes to college these days, students are more concerned with paying for tuition than with getting in. recent survey College-coming students and their families. higher education has exceeded the affordability of most families, and the university costs are still rising. For the 2022-2023 academic year, tuition and room and board at four-year private … Read more
A protest sign outside the Supreme Court in Washington, DC, Feb. 28, 2023. The Washington Post | The Washington Post | Getty Images without precedent in recent history Comprehensive Federal Student Loan Forgiveness Policy president joe biden Efforts are being made to implement. A look at the program’s math shows how deep the relief for … Read more
Catherine De La Hay | Getty Taking out a savings loan against your 401(k) is generally a bad idea—but using that money as a short-term “bridging loan” might be an exception, according to Blair Duquenaya certified financial planner in New Orleans. “I’ve always been very opposed to 401(k) loans,” duQuesnay said. “However, I’ve found that … Read more
although 2008 financial crisisbank failures are considered extremely rare. However, unexpected shutdowns Silicon Valley Bank and signature bank Many consumers are worried about their deposits, their banks and the U.S. banking system. “Every American should trust that their savings will be there for as long as they need them,” the President joe biden say monday … Read more
If you’re in the market for a new car, be prepared for the possibility of paying more than the sticker price. According to the data, the average price of a new vehicle in February was $45,296, while the average manufacturer’s suggested retail price (MSRP) was $41,637 new research From iSeeCars.com. An estimated 31% of new … Read more