Three Bipartisan Higher Education Reform Ideas For The New Congress

WASHINGTON, DC – JANUARY 03: Members of the 115th U.S. Congress take their oath of office January … [+] 3, 2017 in Washington, DC. Seven new members of the U.S. Senate and 52 new members o...

This 529 plan myth is making college more expensive for families

Kevin Dodge | The Image Bank | Getty Images SEATTLE — For many families, paying for college is a financial burden, and experts say education-funding myths may be adding to the student loan debt crisis...

How Colleges Conceal Their True Prices

getty In most industries, pushing a loan on naïve consumers without clarifying that it is, in fact, a loan, would invite outrage and a possible regulatory clampdown. In higher education, it’s business...

Here are 3 ways Gen Z workers can start saving now for retirement

Luis Alvarez | Digitalvision | Getty Images If you’re just out of college, you may be wondering when the right time is to get started with a retirement savings plan. The answer is now, experts s...

You may owe taxes for federal student loan forgiveness in these states

Marko Geber | DigitalVision | Getty Images If you’re one of the millions of Americans expecting student loan forgiveness, you won’t owe federal taxes. But that doesn’t mean you’...

These states may tax federal student loan forgiveness

dmphoto | E+ | Getty Images There’s good news if you’re eligible for student loan forgiveness: It won’t trigger a federal tax bill. And while some may still owe state taxes, it may b...

Education Dept. cancels $1.5 billion in loans for Westwood College borrowers

Tero Vesalainen | Istock | Getty Images The U.S. Department of Education on Tuesday announced it will cancel all remaining federal student debt for former students of the now-defunct for-profit Westwo...

Do you make too much for student loan forgiveness? Here’s what to know

If you’re one of the millions of Americans with student loans, President Joe Biden‘s forgiveness plan may be welcome relief. However, there are some key things to know about the income lim...

How the U.S. government can keep household debt in check

On Aug. 24, President Biden announced the cancellation of $10,000 in federal student loan debt for most borrowers making less than $125,000 annually. But student loans account for less than 10% of hou...

13 states may hit borrowers with state tax liability on forgiven student loans

President Joe Biden‘s student loan forgiveness plan will soon cancel debt for millions of Americans — and the relief is tax-free on federal returns. However, experts say the cancellation may sti...

Scammers leverage student loan forgiveness, FTC says. Here’s how to protect yourself

President Biden this week announced a long-awaited plan to forgive student debt for millions of borrowers — and criminals will likely leverage the news to steal from unsuspecting victims, the Federal ...

How President Biden linked a $15 minimum wage to student loan reform

Fast-food workers and supporters fight to raise the minimum wage to $15 an hour. James Leynse | Corbis Historical | Getty Images The Biden administration seems to have pegged a student loan policy ann...

As Biden cancels up to $20,000 of student debt, some groups want more

Student loan borrowers gather near The White House to tell President Biden to cancel student debt on May 12, 2020. Paul Morigi | Getty Images Entertainment | Getty Images President Biden’s long-...

Key events on the path to student loan forgiveness

A woman holds a sign during an Occupy Wall Street rally against the high cost of college tuitions April 25, 2012 in New York. Don Emmert | Afp | Getty Images For the millions of Americans with student...

It’s Time To Retire The Terms ‘Hard’ And ‘Soft’ Science

In a previous Forbes essay, I urged the academic, private sector, and federal enterprises to banish the term “minorities” when referring to certain under-represented groups in science, technology, eng...

Republicans Unveil Bill To Rein In Federal Student Loans

UNITED STATES – MARCH 25: Rep. Virginia Foxx, R-N.C., speaks at a news conference in the Capitol … [+] Visitor Center in support of the plaintiffs in the Sebelius v. Hobby Lobby Stores cas...

How to buy your first car without going broke

Buying your first car after graduation (or while you’re still in college) can be tricky — especially at a time like this when prices are soaring. The average price of a new car was $46,000 in Ju...

College Doesn’t Have To Be A Rip Off

At around $100 billion a year, Americans heavily subsidize public colleges and universities through state taxes. With state higher education dollars exceeding those spent on hospitals, health services...

Need to tap your 529 college savings? How to handle a market downturn

Klaus Vedfelt | DigitalVision | Getty Images Months of stock market volatility may deliver a costly surprise to parents sending children to school this fall: smaller-than-expected 529 college savings ...

That college degree is no longer the only path to the American Dream

Foto Sipsak | Getty Images For decades, a college education was the “golden ticket” to the American Dream, translating into higher lifetime earnings and better job security. To that point,...

These states poised to pass personal finance education laws this year

Lee Jimenez, a teacher at Indian Hill Elementary School in Cincinnati, Ohio, discusses credit cards and methods of payments with his 3rd grade class using online financial education curriculum SmartPa...

Missouri Bill Would Fund Public Colleges Based On Graduates’ Earnings

ST. LOUIS, MO – NOVEMBER 02: Old Court House and Gateway Arch, as photographed from Citygarden in … [+] St. Louis, Missouri on NOVEMBER 02, 2012. (Photo By Raymond Boyd/Michael Ochs Archiv...

Should you super fund a 529 college savings plan? What experts say

Kevin Winter | Getty Images If you’re eager to jump-start an education fund, you may consider a larger, upfront contribution to a 529 college savings plan. While the average account balance was ...

How America’s Wealthiest Colleges Are Getting Richer Faster Than Schools With Small Endowments

Harvard has America’s largest endowment at $53 billion as of the end of the 2021 fiscal year. Getty The booming stock market of late 2020 and early 2021 produced an exceptional year for college ...

Most Student Debt Belongs To High-Wealth Households

getty Discussions of student debt too often neglect the fact that loans are intended as an investment vehicle. Students borrow money to finance an education, which is supposed to confer economic benef...

Amid another Covid surge, schools and businesses find plans disrupted

A healthcare worker administers a COVID-19 PCR test at a free test site in Farragut Square on December 28, 2021 in Washington, DC. Anna Moneymaker | Getty Images A Covid-19 outbreak on a cruise in Lis...