House GOP Student Loan Plan Would End Most Income-Driven Repayment Plans On Monday, Republicans on the House Education and Workforce Committee unveiled their proposed plans for higher education reform as part of the broader Republican budget reconciliation process. The 103-page bill House GOP Student Loan Plan includes student loan proposals that could reshape how Americans take on and repay college debt. “Colleges have ridden this gravy train of taxpayer dollars without any accountability for the quality of the education they provide or whether students can find jobs when they graduate,” Committee Chair Tim Walberg (R-Michigan) said in a press release.…

When it comes to retirement planning, most people know they need to save, but few understand how certain retirement investment strategies can impact the amount of income they’ll actually have. In this article, we’ll explore four different retirement investment strategies and how each affects your ability to replace 70% of your pre-retirement income: 100% All Country World Index (ACWI ETF) 60% All Country World Index (ACWI ETF) and 40% US Aggregate Bond (AGG ETF) 20% All Country World Index (ACWI ETF) and 80% US Aggregate Bond (AGG ETF) 100% All Country World Index (ACWI) before retirement, switching to 60% ACWI…

Much of the early talk about the Trump administration’s tariffs centered on bringing manufacturing jobs back to the United States. There supposedly would be many more high-paying jobs with solid benefits. But without a coherent plan, an objective look at the state of manufacturing, and a clear-eyed recognition of what a change would actually do, a factory renaissance remains out of reach. Here are some considerations and realities keeping things relatively steady. Trump’s And Biden’s History Of Manufacturing Jobs As policy debates and judgment of candidates take shape, research in multiple disciplines have shown how voters lack long memory of…

Recent developments have raised serious concerns about the stability of Social Security benefits. For example, Newsweek reports that former Social Security Administration commissioner Martin O’Malley has warned of potential delays in benefit payments in the near future. This is impacted by new pressures on the federal budget, stricter eligibility verifications, and targeted cuts which are reshaping the landscape for retirees. Although Social Security has historically been a reliable source of income, emerging political and fiscal challenges could lead to delays or reductions in payments. Given these risks, it is crucial for retirees and near-retirees to proactively adjust their financial strategies…

The Department of Education appears to have removed a key new feature of the StudentAid.gov website that has allowed borrowers to track their student loan forgiveness progress. The removal comes just days after advocacy organizations issued urgent warnings to borrowers to screenshot their data. In January, the Biden administration published the long-awaited IDR payment tracker for borrowers in income-driven repayment plans. IDR plans are programs authorized by Congress that feature affordable payments tied to a borrower’s family size and income, with the possibility student loan forgiveness after 20 or 25 years in repayment. The IDR payment tracker displays key information…

In recent years, Latinos have made strides in their contributions to the American economy via entrepreneurship. Latinos reached an economic output of $3.6 trillion in 2022, ranking as the fifth largest economy in the world, per the Latino Donor Collaborative. Meanwhile, Latino-owned businesses increased by more than 40 percent and more than one-third increase in total revenue from 2018 to 2023. It’s figures like these that wouldn’t have existed en masse before reports like those from the Stanford Latino Entrepreneurship Initiative (SLEI), a research collaboration highlighting the Latino entrepreneurial segment of the U.S. economy. These are also stats that help…

1.9 Million Student Loan Borrowers Will See Data About IDR Processing Efficiency Starting In May Nearly two million student loan borrowers remain stuck in repayment limbo, even as the U.S. Department of Education signals a new plan to address the massive backlog of Income-Driven Repayment applications. A recent court filing provided a significant update on how the Department will finally tackle this logjam and offers a timeline for status and data updates. For the 1.9 million borrowers waiting for their application to be processed, every month of delay is a month they cannot get an affordable payment plan or credit…

A charging order is the American remedy by which a creditor may enforce a judgment against the interest held by a debtor in a limited liability company or partnership. A charging order has two components: First, a judicial lien is created in favor of the creditor against the debtor’s interest; and, second, economic distributions to the interest are ordered to be paid to the creditor. The charging order ― which is to say the lien and order to pay ― continues to exist until the debtor has fully satisfied the judgment to the creditor. Most U.S. jurisdictions have adopted language…

Much of the early talk about the Trump administration’s tariffs was of bringing manufacturing jobs back to the U.S. There would be many more high-paying jobs with solid benefits. But there was never a coherent plan, an objective look at the state of manufacturing, and a clear-eyed recognition of what a change would actually take. The result is that there will be no factory renaissance because there are considerations and realities that keep things relatively steady. Trump’s And Biden’s History Of Manufacturing Jobs One of the greatest weaknesses in policy debates and voter judgment of candidates is the lack of…

There are all kinds of reasons students might want to attend a private or out-of-state schools, including the potential for smaller class sizes, the ability to join an award-winning program, or just the desire to study further away from home. But, there’s often a huge tradeoff when it comes to attending a college that doesn’t offer in-state tuition. Students who attend prestigious or distant schools may pay an extreme amount for tuition, fees and travel, and they can face a much higher student debt burden as a result. The most expensive colleges in the United States now have tuition prices…