When will default collections start for delinquent federal student loans?
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Mortgage rates fell to a three-week low, and with positive trends in home prices and inventory, the market is gradually moving in favor of buyers.The average rate on a 30-year fixed-rate mortgage dropped 13 basis points to 6.87% in the week ending May 1, according to rates provided to NerdWallet by Zillow. A basis point...
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After a five-year suspension that began in March 2020, the Trump administration is turning the student loan default collections machine back on. Millions of borrowers with defaulted loans are poised to face severe consequences starting on Monday, May 5. “Resuming collections protects taxpayers from shouldering the cost of federal student loans that borrowers willingly undertook...
April is recognized as National Financial Literacy Month, a time to highlight the crucial role of financial education in empowering all Americ…
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Entering young adulthood saddled with debt has become standard for many who want an undergraduate degree, sometimes to the tune of tens-of-thousands of dollars. Around 45% of 2025 high school graduates will go on to a four-year college, according to NerdWallet analysis, and more than one-third of them will take on student loans to pay...
DUBUQUE – Buying your first home can feel overwhelming—it’s often the largest purchase a person will ever make. From unfamiliar terminology to…
Are you concerned about debt? It’s important to recognize this, but, at the same time, you may have more ways of gaining control of your debt …
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Spring and summer are traditionally hot months for homebuying, but some would-be buyers with student loan debt could encounter unexpected trouble.Nearly 10 million federal student loan borrowers may be facing delinquency, potentially dropping their credit scores by 150 points or more, according to a report released by the Federal Reserve Bank of New York on...
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As a homeowner, you likely have a lot more equity in your house than you did just a few years ago. U.S. homeowners gained almost $3 trillion in equity in the fourth quarter of 2024 compared to the previous year, according to data from the Federal Reserve Bank of St. Louis. While your home equity...
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The federal Pell Grant program faces a looming $2.7 million budget shortfall, according to a January report from the Congressional Budget Office. Established in 1972, the Pell Grant gives undergraduates from low- and middle-income backgrounds up to $7,395 per academic year to pay for college. Unlike with a student loan, students don’t need to repay...