student loans

Millions of Americans are poised to take hits to their credit ratings as the Biden administration’s one-year moratorium on reporting late student loan payments to credit agencies will come to an end in just a few weeks. About 9.7 million, or 29%, of student loan borrowers in the U.S. were...

U.S. District Judge J. Randal Hall on Thursday temporarily blocked the Biden administration's latest student debt relief plan in a lawsuit brought by seven Republican-led states (Missouri, Georgia, Alabama, Arkansas, Florida, North Dakota and Ohio).  The Details: Judge Hall issued a temporary...

SoFi Technologies Inc (NASDAQ:SOFI) shares are trading flat Thursday at $7.53 and higher by some 15% over the trailing month amid anticipation of key economic data. Shares are trading higher in recent sessions due to expectations of a potential interest rate cut by the Federal Reserve, which would...

A federal appeals court has blocked President Joe Biden’s administration from implementing its Saving on a Valuable Education (SAVE) student debt relief plan.  The Details: The St. Louis-based 8th U.S. Circuit Court of Appeals granted a request by seven states to put on hold parts of the...

Billionaire hedge fund manager Bill Ackman took to X, formerly Twitter, to question the tax exemptions of high-cost private universities amid the ongoing student debt crisis. What Happened: On Sunday, Ackman tweeted about the burden of student loans, specifically referencing the cost of attending...

Financial expert Dave Ramsey recently expressed his concerns about the long-term stress and regret associated with student loans, highlighting the need for alternative educational funding methods. What Happened: In a post on X, formerly Twitter, on Monday, Ramsey outlined the negative impacts of...

The White House announced this week a new attempt to forgive student debt to almost 30 million Americans. For 30 years, college tuition prices have increased faster than median incomes. As a result, college graduates are saddled with heavy student debt, impacting their ability to buy homes, start a...

As the United States grapples with the ongoing issue of student debt, President Joe Biden is poised to reveal a new plan that could offer significant relief to millions of borrowers across the nation. What Happened: President Biden is set to announce a substantial student debt relief initiative...

President Joe Biden isn’t reneging on promises to cancel student loan debt. What Happened: According to the Wall Street Journal, the Biden administration is expected to announce a renewed proposal to reduce or eliminate student loan debt for millions of borrowers. The Journal, citing unnamed...

SoFi Technologies Inc (NASDAQ:SOFI) stock has not recovered from the price plummet after its announcement of the $750 million debt offering. It’s been a while since investors saw SoFi stock do well. After the initial hype died down post 2021, the stock has largely been doing a tango between...

New legalized states and additional betting options have led to more users turning to the world of sports betting. Though sports betting can result in big wins, it also entails losses and valuable lessons. Several people on social media quickly learned that sports betting may not be for everyone....

U.S. household debt climbed by $212 billion, reaching a new record high of $17.5 trillion at the end of 2023, according to the New York Federal Reserve. The Quarterly Report on Household Debt and Credit revealed significant increases across several categories, with credit card balances and...

The Biden administration’s recent decision to cancel a portion of student loan debt has sparked controversy, with Kevin O’Leary, chairman of O'Leary Ventures and a well-known figure from “Shark Tank,” criticizing the move as “un-American.” O’Leary voiced...

U.S. home goods retailers could bear the brunt of a retail slowdown as hundreds of thousands of cash-strapped young people put off setting up new homes, pressured by the resumption of expensive student loan repayments. Analysts at KeyBanc Capital Markets suggest discretionary spending could slow,...

Goldman Sachs’ first take on SoFi Technologies, Inc (NASDAQ:SOFI) after the lender reported third-quarter earnings is bullish, and the investment bank expects the stock to trade higher. Goldman Sachs highlighted SoFi’s revenue, origination, contribution profit and EBITDA beat. Student...