The Federal Reserve cut its benchmark rate by a quarter point at its last meeting of the year. December’s move marks the third time in a row the central bank has lowered interest rates, shaving three-quarters of a point off the federal funds rate since September to a range of 3.5% to …
A Social Security Administration office in Washington, D.C., on March 26. The Department of Government Efficiency (DOGE) is reportedly aiming to reform and downsize the agency. Saul Loeb | Afp | Getty Images The Social Security Administration is under new leadership, after financial services executive Frank Bisignano was sworn in …
The Federal Reserve is expected to keep its key rate steady on Wednesday, after a series of cuts that lowered rates by a full percentage point last year. That means consumers looking to borrow are likely to have to wait a bit longer for better deals on many loans, but …
So you’re about to graduate from college. Congratulations. But now you have to think about finding a job and, sooner than you may prefer, starting to repay your student loans. It’s especially important to understand your options, experts on student borrowing say, because many aspects of the federal student loan …
After a five-year reprieve, the Trump administration will restart forced collections on federal student loans in default, which could include garnishing a portion of borrowers’ paychecks. With collections in place, the last piece of the student loan machinery has been turned back on, officially ending pandemic-era relief, which began when …
President Trump announced Friday that the Education Department would no longer manage the nation’s $1.6 trillion student loan portfolio or supervise “special needs” programs in a major shake-up of an agency he has sought to eliminate. Student loans will move under the Small Business Administration, while special education services, along …
The Federal Reserve is expected to keep its key rate steady on Wednesday, after a series of cuts that lowered rates by a full percentage point last year. That means consumers looking to borrow are likely to have to wait a bit longer for better deals on many loans, but …
The U.S. Department of Education could be headed for some major changes, with President Trump expected to issue an executive order directing Education Secretary Linda McMahon to start the process of dissolving the agency. Although the timing of such a move is unclear, reports that is in the works are …
Federal student loan borrowers are temporarily unable to apply to income-driven repayment plans, a decades-old safety net that ties their monthly loan payment size to household income levels, as the U.S. Education Department reviews a recent federal court ruling. The department closed applications to the repayment plans last week after …
In recent weeks, Elon Musk and his aides have gained access to many federal agencies’ systems and unknown amounts of data. Many readers have written in to share their fears that the agencies — and the personal data they possess on hundreds of millions of taxpayers — are now vulnerable. …