President Donald Trump‘s massive tax and spending package will bring sweeping changes to federal student loans, in part by capping how much money people can borrow from the federal government to pay for college and graduate school. Among other measures, the legislation, which Trump has called “one big, beautiful bill,” sets new limits for students and their families. […]
Inflation breakdown for June 2025 — in one chart
Customers line up at the check out booth on April 18, 2025 at a Costco branch in Niantic, Connecticut. Robert Nickelsberg | Getty Images The annual inflation rate ticked higher in June, in line with expectations, as lower prices at the gasoline pump somewhat offset higher prices at the grocery store. Economists said they expect […]
Trump to end student loan SAVE forbearance
A person walks on campus at Muhlenberg College in Allentown, Pennsylvania, U.S. March 26, 2025. Hannah Beier | Reuters Why is the interest-free forbearance ending? Former President Joe Biden rolled out the SAVE plan in the summer of 2023, describing it as “the most affordable student loan plan ever.” But millions of borrowers who signed […]
Trump tariff surprise delivery fees
As President Donald Trump continues to set aggressive new tariff rates on imports, U.S. consumers are feeling the effects on their wallets. Tariffs are taxes on imported goods paid by the entity importing those products. Businesses often pass the cost of tariffs along to consumers through higher prices. Sometimes, it’s not so subtle. In June, […]
How beauty expenses affect your finances
Katie Gatti Tassin Courtesy: Katie Gatti Tassin There are many unique hurdles that women face when it comes to money, such as the wage gap and caregiving responsibilities. Yet, there’s another challenge in women’s financial lives that is less-discussed — beauty costs, which can be an “insidious force in women’s financial lives,” said Katie Gatti […]
Having a bridge strategy can help
Alenapaulus | E+ | Getty Images Eligibility for Social Security retirement benefits starts at age 62. But for prospective beneficiaries who can wait, the biggest benefit becomes available at age 70. For many retirees, that poses a dilemma — how to fund those interim years while they wait to claim that highest monthly benefit check. […]
Trump’s ‘big beautiful bill’ ends $7,500 EV tax credit
Halfpoint Images | Moment | Getty Images President Donald Trump‘s signature on his so-called big beautiful bill was a death blow for tax credits that lowered the cost of electric vehicles. Those tax credits — worth up to $7,500 and $4,000 for purchases of new and used EVs, respectively — won’t be available after Sept. […]
DHS corrects data error: International student enrollment rises
International student enrollment increased last year, according to the U.S. Department of Homeland Security — contrary to data the agency previously posted, which showed a decline. A new analysis by Chris Glass, a professor at Boston College, found that student and exchange visitor information system data issued by DHS underreported the number of international students by more than […]
How to get started with ‘revenge savings’
Americans are saving more money — and for some, the change in habit comes down to how they feel about the economy. More than 4 out of 10 Americans, or 44%, say they’ve engaged in so-called vibe-based budgeting, according to a new survey by Intuit Credit Karma. In other words, they have adjusted their financial […]
Why ‘big beautiful bill’ doesn’t end taxes on Social Security benefits
Republican presidential nominee former President Donald Trump speaks at a campaign rally in Asheville, N.C., Wednesday, Aug. 14, 2024. Matt Rourke | AP The Social Security Administration sent what experts say is a misleading email to consumers last week, describing President Donald Trump‘s “one big beautiful bill” as “long-awaited tax relief to millions of older […]