Personal Finance

On Tuesday, the Senate passed the “One Big Beautiful Bill” after multiple days of debates and minor changes. The sweeping legislation will impact nearly all facets of American life, but will specifically have major changes to higher education. The student loan provisions have some of the most significant higher education reforms we’ve seen in decades, and will impact both current borrowers and future borrowers. On the borrower side, the bill eliminates the Grad PLUS loan program, and introduces new caps on Direct Graduate Loans and Parent PLUS Loans. For future Parent PLUS loans, both repayment plan options and loan forgiveness…

Not long ago, a study analyzed and identified the wealthiest places in Arizona. Continuing with states in the southwest, New Mexico is getting its turn to get analyzed. This study evaluated over 520 cities in the state in order to identify the richest cities in New Mexico. The way in which the cities were evaluated and scored each city’s ranking is detailed below. Read on to find out what the richest city in New Mexico is, plus the top 15 wealthiest cities in the state overall. What Are the Richest Cities in New Mexico? In order to assemble a list…

One of the Department of Education’s major student loan servicers has issued an updated notification clarifying that certain borrowers who have already applied for income-driven repayment should now consider submitting a new application to hasten processing. The revised guidance followed a more ambiguous announcement the servicer made earlier this month. The statement by MOHELA comes as the IDR application system is under enormous strain. IDR plans, which are a type of federal student loan repayment option that provides borrowers with monthly payments based on their income and a path to eventual student loan forgiveness, have been inaccessible for millions of…

Crypto yield is undergoing a renaissance. What began as a speculative frenzy—culminating in the 2022 collapse—is now rebuilding into sustainable, compliant opportunities for crypto holders to earn returns without risking past catastrophes. These returns, earned by putting digital assets to work, are no longer the Wild West gamble they once were. The $3.4 trillion crypto market is now producing institutional-grade yield opportunities, a stark contrast to the opaque, high-risk products that collapsed in 2022. The scale is enticing. A small shift from established US household deposits—which reached $19.4 trillion in 2024—could channel hundreds of billions into yield-bearing crypto products. While…

A New Administration Newly appointed Bureau of Prisons (BOP) Director William Marshall III provided Forbes.com an exclusive interview regarding his first 10 weeks in the position and how he is addressing the many challenges facing the Agency. Director Marshall, who formerly headed the West Virginia Division of Corrections and Rehabilitation, inherited a BOP office in disarray and void of leadership. Director Colette Peters was dismissed in the opening hours of the Trump administration in January and the acting director named as her temporary replacement announced his retirement shortly after his appointment. Marshall told me, “We are a different administration from…

Parents trying to help their children pay for college may soon find themselves struggling to navigate the updated Federal student loan rules. The massive overhaul of student loans in the One Big Beautiful Bill sets new caps on Parent PLUS Loans, while also cutting off access to affordable income-driven repayment plans. These changes impacting parents, along with no changes to make college easier to afford for undergraduates, simply puts pressure on parents who are already struggling to help their children pay for college. Under current rules, Parent PLUS borrowers can take out loans up to the full cost of attendance.…

For decades, hip-hop artists have turned pain into poetry, struggle into style, and now, lyrics into liquidity. A new generation of rap moguls and artists are flipping the wealth script by investing in technology, transforming their cultural capital into venture capital. This isn’t just a business trend for music icons like Jay-Z, Snoop Dogg and Nas, among others, it’s a power shift, where ownership and innovation are becoming the bars that really matter. The Breakdown You Need To Know: CultureBanx noted that hip-hop’s influence has always extended far beyond the mic. Today, that influence is being translated into real capital…

The Senate’s version of President Trump’s favored massive tax and spending bill had looked to add something to the tax code’s Earned Income Tax Credit. The EITC has been a broadly popular measure for the past 50 years as a mechanism that helps low-income workers. There are admitted problems with the program that can lead to a high percentage of incorrect filings. The Senate wanted to require pre-certification by the IRS each year. However, critics point to some issues this would create. What The EITC Is Taxes on low incomes, even if a relatively low percentage, can feel devastating because…

Senate Republicans on Saturday narrowly voted to advance the megabill containing President Donald Trump’s main domestic priorities, including sweeping tax cuts. And included in the bill are major reforms to federal student loan repayment plans and loan forgiveness programs – but with some notable changes. The package cleared an important procedural hurdle on a 51 to 49 vote on Saturday night, with two Republican joining all Democrats to oppose the bill. The narrow success now allows the bill to advance to the Senate floor for a more extended debate, which could culminate in the bill’s passage as soon as Monday.…

Rarely can a three-hour podcast hold my attention. But Chris Williamson’s conversation with Naval Ravikant did, in part because of the mic-dropping moment nestled near the end: “The currency of life isn’t money. It’s not even time. It’s attention.” I’m not sure there is a modern wisdom saying that better encapsulates the battle we all face in the frenetic information age in which we find ourselves. Why “Currency of Life” Isn’t Money or Time “Money is important,” Naval explains, “and let’s you trade certain things for time, but it doesn’t really buy you time.” He invites us to ask Warren…

A few days ago, I wrote about 10 college degrees with high unemployment for the recently graduated (ages 22 to 27). The data, presented by the Federal Reserve Bank of New York, was from 2023 when the unemployment rate was 3.8% and some of the highest rates of unemployment were among people with STEM (science, technology, engineering, and math) degrees. Some of the examples that had upwards of double the overall unemployment rate were physics (7.8%), computer engineering (7.5%), computer science (6.1%), chemistry (6.1%), and information systems and management (5.6%). As they grow up, young adults repeatedly hear that these…