We started with $1 million dollars, and I expected to see it grow quite a bit, but instead I’ve been losing money over the past few years. Getty Images/iStockphoto Question: I am a single mom with thr...
Tag: University/College
‘I don’t have any other debt’: I have $40,000 in student loans, but saved $70,000 due to deferred payments. I live in the Bay Area. What should I do with this money?
I am a single 35 year-old with $40,000 remaining in federal student loans. In early 2020, I was super lucky to land a great new job that significantly increased my income. This was the middle of the p...
‘I’m holding my breath’: What will happen if the Supreme Court blocks Biden’s student-loan forgiveness plan?
As the Supreme Court debates President Joe Biden’s student-loan forgiveness plan, Americans’ consumer debt continues to rise — and more of it is past due. For Shanna Hayes, 34, who was recently laid o...
7 Things You Can Do Now to Shave Your Tax Bill Next Year
The 2023 tax year has only just begun, and the tax-filing deadline for 2023 taxes is more than a year away. But if you get a jump on planning, you can lock in big tax savings. With stock prices still ...
Here’s exactly when the majority of families start saving for college — but experts say that’s simply not good enough
Indeed, should you pull a Swift one and start thinking about your kids’ college — or even saving for it — before your kids are born? Valerie Macon/Agence France-Presse/Getty Images Taylor Swift, with ...
Biden administration unveils sweeping changes to student loan repayment
The future of the Biden administration’s student debt-relief plan currently rests with the Supreme Court, but in the meantime, officials are moving forward with sweeping reform that could have an even...
The White House embraced debt forgiveness in 2022. Here’s what student-loan borrowers can expect in 2023.
This was the year the White House embraced the idea of mass student-loan forgiveness, but 2023 will likely be the year when borrowers will find out whether the policy will actually impact their wallet...
Why Accountants Are Quitting and Even Some New Graduates Don’t Want Their Jobs
More than 300,000 U.S. accountants and auditors have left their jobs in the past two years, a 17% decline, and the dwindling number of college students coming into the field can’t fill the gap. The e...
‘Less education can be worth more.’ While college grads have a net worth about 5x higher than high school grads, here’s what can matter even more than that college diploma
The average college graduate has a net worth about four times greater than someone who started but didn’t finish college, and about five times greater than someone with just a high school diploma. Get...
I sold my late mother’s home for $250,000. I make $80,000 and have $220,000 in student debt. I want to buy a house. Should I use all my inheritance for a down payment?
My mom passed away, and left me her house, which I just sold and will net $250,000. I’m 41 years old with no real retirement savings. I make $80,000 a year, and I am maxing out contributions to my emp...
Employers Rethink Need for College Degrees in Tight Labor Market
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Opinion: How a ‘529 solution’ can give gig workers health care and retirement benefits and boost the U.S. economy
U.S. workers are increasingly combining multiple income streams, moving from job to job, starting businesses, and craving more independence and control over their time. Changes to worker benefits must...
Opinion: The floodgates are open for grandparents to super-size college savings for grandkids
If you’re a grandparent looking to save the day by helping your grandchildren pay for college, take a second look at a tax-advantaged 529 college savings plan before the end of the year. Rule changes ...
Opinion: This musician retired after making $170 million in the stock market. Now he’s sharing his secrets.
When a retired Boston Pops clarinetist gave $100 million to Boston University’s medical school last month, everyone focused on his unusual backstory. Edward Avedisian ended his career as an accomplish...
How Alternative Investments Saved the Day for Big University Endowments
University endowments, battered by stock-market losses, posted their worst fiscal year since the financial crisis. The largest funds, however, were helped by higher allocations to alternative investme...
You get some student loan debt erased, but what about the rest of it?
“January is going to be here before you know it,” says Damian Dunn, a certified financial planner and vice president of corporate financial wellness platform Your Money Line. Payments resume in Januar...
‘I’m paycheck to paycheck.’ I make $350K a year, but have $88K in student loans, $170K in car loans and a mortgage I pay $4,500 a month on. Do I need professional help?
I’m the first of my generation to own a home and the first to earn this much annually and don’t want to mess this up. How, specifically, can a financial adviser help me? Getty Images Question: By the ...
Chinese Tech Billionaire Richard Liu Settles Sexual-Assault Case in Minnesota
MINNEAPOLIS—A legal battle that Chinese feminists had seen as pivotal for the country’s embattled #MeToo movement ended abruptly just before a jury was set to hear the case in a Minnesota courtroom. R...
Debt cancellation got all the attention, but this Biden proposal could impact student-loan borrowers more, critics and advocates say
When President Joe Biden announced in August that his administration planned to cancel $10,000 in federal student debt for most borrowers, Allison Daurio felt some relief. Under the White House’s deb...
Lawsuit Seeks to Block Biden’s Student Loan Relief
An Indiana public interest lawyer filed a lawsuit against the Education Department to block the Biden administration’s plan to cancel billions of dollars of federal student debt, saying it would force...
What will people do after getting $10,000 or $20,000 in student debt forgiven? MarketWatch asked readers — here’s the No. 1 answer.
Americans’ student debt loads are poised to lighten up and people are making plans on what’s next for their freed-up cash. Borrowers appear to have two prime targets in mind: getting current on their ...
When can I apply for student loan cancellation? How much will I get? Here are answers to some of the big questions.
President Biden’s highly anticipated federal student loan cancellation announcement last month created as many questions as it answered, prompting at least one major loan servicer’s website to crash a...
You made payments on your student loans during the pause. Can you get a refund?
This article is reprinted by permission from NerdWallet. Hundreds of thousands of borrowers made payments on their federal student loans since forbearance began in March 2020, taking advantage of the...
How to Claim Your Student Loan Forgiveness
The Biden administration is canceling a portion of federal student loan debt. Stefani Reynolds/AFP/Getty Images Text size The Biden administration is canceling a portion of federal student loan debt a...
I’ll inherit $40,000 from my grandmother. Should my husband and I boost our kids’ college savings accounts, or pay off credit cards and student loans?
After a terrible battle with dementia, my grandmother died a few weeks ago. She did not leave much, but I will — along with my siblings — receive about $40,000 in life insurance. I am trying to figure...