Keep reading for the latest nitty-gritty student loan research, including:Average Student Loan Debt StatisticsFederal Student Loan Debt StatisticsPrivate Student Loan Debt StatisticsStudent Loan Forgiveness StatisticsStudent Loan Debt Over TimeNegative Effects of Student Loan Debt Average Student Loan Debt Statistics Student loans are the second-largest debt in America behind mortgages.1 And as…
Key takeaways Understanding CD strategies and terminology can help you evaluate how to make the most of this type of deposit account. Important concepts associated with CDs include APYs, term lengths, early withdrawal penalties and how rates compare with inflation. Choosing a federally insured bank or credit union for your…
Mutual funds and exchange-traded funds (ETFs) can both offer many benefits for your investment portfolio, including instant diversification at a low cost. But they have some key differences, in particular, how expensive the funds are. Overall, ETFs hold an edge because they tend to use passive investing more often and…
Key takeaways Home additions are time intensive and pricey, easily hitting six figures. Zoning and local regulations will impact the scope of your project. Quotes from multiple contractors are a must to determine the full cost. Home equity loans and lines of credit are the most common way to finance…
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Technology has transformed some parts of the daunting homebuying process–making it easier to search and compare properties online, to prepare…
The Covid pandemic crushed immigration and demand for Nova Credit’s tech. Then its founder discovered a second line of business.…
A perfect storm is brewing for millions of federal student loan borrowers, who may experience dramatic increases in their monthly…
As the Biden administration exits Washington, President-elect Donald Trump inherits a federal student loan system that looks much different than…
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The American Opportunity Tax Credit is a tax credit worth up to $2,500 each year to help offset qualified education expenses for higher education. The credit is a tax break for the first four years of college for each eligible student, and is meant to…
Dept Managmnt
Key takeaways Governments often borrow money to cover deficits when taxes and other revenues don’t cover expenses. The national debt is the total…
Banking
F or private financial technology companies, last year was a quiet one for fundraising. Fintechs raised $34 billion in 2024, down from $42…
Credit Cards
Key takeaways The Southwest Companion Pass is attainable by using Southwest credit card welcome bonuses to meet the 135,000-point requirement. Applying for a…
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Did you know that Americans spent 25.8 billion dollars on Valentine’s Day according to the National Retail Federation(NRF)?Valentine’s Day is a special occasion dedicated to expressing love and appreciation for those we care about most. However, the pressure to make this day extraordinary can sometimes lead to overspending and credit…
For drivers with Allstate car insurance, the company’s Drivewise telematics program may be an easy way to save on your premium. Drivewise is a mobile app that tracks driving behaviors and potentially rewards safe driving with lower insurance premiums. However, if the app determines that you engage in risky behavior…
Key takeaways Traditional lenders often have strict eligibility criteria and longer approval timelines Fast business lenders offer flexible requirements and fast funding Fast business loans are ideal for urgent situations but tend to be more expensive than traditional small business loans The need for access to working capital can arise…
Two big issues that President Trump campaigned on have the potential to create a massive impact on the housing market: tariffs and mass deportations. Many experts believe these two policies will lead to higher home prices, exacerbating today’s already-tough homebuying market. The conversation around these proposals is constantly shifting, so…
Social Security is a program that provides money for retirement, but it offers a variety of ways to access that funding. It can be difficult to answer even the seemingly easy questions such as when is the best time to claim your benefits. Plus, Social Security representatives are not able…
Credit Sesame examines how consumer spending habits are shifting dangerously, with more Americans relying on debt instead of financial stability. Rising incomes have outpaced inflation for more than two years, creating a prime opportunity for households to reduce debt and build savings. Yet, many consumers have chosen to increase their…
Most people view budgeting as a major chore, but money management truly becomes easier when you have a strong plan in place for spending and saving. In recent years, tools such as digital apps have emerged to help simplify the budgeting process — and now, artificial intelligence (AI) technology can…
alexsl/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways A lender or the federal government can garnish your wages if you fail to repay your loan. Some steps you can take to avoid wage garnishment include negotiating a new repayment plan or loan rehabilitation. Several options can help you avoid defaulting…
Key takeaways Life insurance is designed to provide financial protection for your chosen beneficiaries. Term life insurance is generally affordable with coverage lasting 10 to 30 years, while permanent life insurance can offer lifelong protection with a cash value component. Premiums are determined by factors such as age, health and…
Westend61/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways Adding your partner as an authorized user can help them build their credit and help you manage household expenses. Some cards extend cardholder benefits to authorized users, letting them enjoy perks like lounge access and statement credits. Set spending limits and guidelines…
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