Rebecca Finch is faced with a situation that no one would want: she is about to lose her home. More than twenty years ago, she made the decision to financially support her daughter Sabrina (who needed money to finish her nursing degree). But now, this fact has become a real nightmare from which they do … Read more
President Joe Biden announced Monday that his administration had approved student loan relief for more than 150,000 borrowers, bringing the total number who have had their student debt cancelled under the Biden administration to over 5 million, he said in a White House release. Although Biden lost the legal battle to deliver on his campaign … Read more
Borrowing home equity can be more advantageous than using a credit card now. Getty Images If you’re looking to borrow money at the start of 2025, some traditional options may not be particularly helpful. The average credit card interest rate is near a record 23% right now, translating to $23 in interest for every $100 … Read more
News Farm Service Agency seeing more loan requests, aid details unclear The outgoing executive director of the Farm Service Agency (FSA) in Illinois says the number of farmers applying for the agency’s loan programs is on the rise. Scott Halpin says the economic downturn has increased the need for assistance. “Counties are reporting more applications … Read more
Key takeaways The Trump administration will likely terminate the SAVE plan and may seek to end other forgiveness plans. Student loan borrowers should review their current repayment options to see if they should take action. The cost of college is a bipartisan issue, as tuition has increased more than 37 percent in the last 13 … Read more
The Education Department announced on Monday that it had canceled student loans for more than 150,000 borrowers, bringing the tally of Americans whose loans were forgiven under President Biden to over five million. The Biden administration reached the milestone even though many of its more ambitious plans to overhaul the nation’s system for administering student … Read more
How to send news tips to azcentral.com and The Arizona Republic Readers can send news tips to The Arizona Republic and azcentral.com via the newspaper’s social media channels or by email. The Republic A 51-year-old Arizona woman who operated a therapy clinic for children with special needs is going to prison after a conviction of … Read more
A new transformer will replace one destroyed in the windstorm. (File photo) Snohomish County has spent the weeks since the Nov. 19, 2024, bomb cyclone windstorm focused on helping the community document damage from this event and working with partners to identifyresources that may speed recovery. Starting Tuesday, Jan. 14, people who sustained windstorm damage … Read more
When the annual interest is paid within 30 days of year-end, exemption from the attribution rules stands. Plus, the loan can remain in effect at the prescribed rate applicable when the loan was originally made. The prescribed rate for the first quarter of 2025 is 4%, which is higher than the rate in some pre-2023 … Read more
article FILE-President Joe Biden speaks during an event about student loan debt relief in Madison, Wisconsin, on Monday, April 8, 2024. (Daniel Steinle/Bloomberg via Getty Images) The Department of Education on Monday canceled loans for another 150,000 borrowers. President Joe Biden has now overseen the cancellation of student loans for more than 5 million … Read more