Biden admin cancels $39B in student loan debt for 800,000-plus borrowers

The administration says the new round of student loan forgiveness address “historical inaccuracies" in counting payments that qualify toward income-driven repayment plans.

Student loan scam attempts likely to rise after SCOTUS decision: FTC

Scammers are likely to start contacting borrowers, promising to help them repay their loans after SCOTUS struck down Biden’s student loan forgiveness plan, the FTC said. Here's how borrowers can protect themselves.

Student loan borrowers not ready to resume payments, unaware of options: survey

More than half of student loan borrowers said they don't feel financially ready to resume payments in 2023, even as the pause ends, according to the College Investor survey.

US inflation believed to have slowed in June in sign of easing price pressures

Some economists believe if inflation keeps slowing and the economy shows signs of improvement, a July interest rate hike could be the Federal Reserve's last.

Minnesota tax rebate: New deadline announced

The Minnesota Deparment of Revenue announced a new deadline for some eligible taxpayers to receive a one-time tax rebate as part of the budget Governor Tim Walz signed during the 2023 legislative session. 

Minnesota officials say error in tax cut bill could cost taxpayers $352 million, but promised a fix

Minnesota officials discovered an error in a $3 billion tax cut bill lawmakers passed this spring that could cost taxpayers $352 million over the next two years, but state leaders promised to fix it before it would take effect.

Monthly mortgage payments reach record highs in US

The median monthly payment for home purchase loans jumped 14.1% in May to an all-time high $2,165.

Biden administration announces SAVE plan after SCOTUS student loan decision

The White House announced SAVE, a new income-driven student loan repayment plan and other initiatives following the Supreme Court's decision to strike down widespread student loan forgiveness.

Americans are giving less to charity, poll finds

Over 55% of those who stopped giving say they don’t earn enough to afford donating to charity.

Subprime-rated consumers have less access to credit – Here's how to improve your score

Subprime-rated consumers may have fewer borrowing options to deal with unexpected costs as lenders tighten access to credit to this group in favor of more consumers with higher credit scores, a VantageScore report said.

Walgreens expects to close 150 US stores, CFO says

The store closings are expected to happen by 2024 in a cost-saving effort by the company.