President Joe Biden delivers remarks on canceling student debt on February 21, 2024 in Culver City, California. Mario Tama | Getty Images News | Getty Images The U.S. Department of Education is giving borrowers more time to meet a key student loan forgiveness deadline. Those who request a so-called loan consolidation by June 30 — … Read more
Grace Cary | Moment | Getty Images Inflation fell slightly in April as easing price pressures for groceries and other areas of consumer balance sheets were partially offset by higher gasoline prices and stubbornly high housing costs. The consumer price index, a key inflation gauge, rose 3.4% in April from a year ago, the U.S. … Read more
Lourdes Balduque | Moment | Getty Images High inflation eased slightly in April, which may provide some relief to consumers who have been contending with elevated prices. For retirees and people approaching retirement, higher than normal inflation poses unique challenges. Most retirees have access to one of the few inflation-adjusted sources of income — … Read more
Students and families planning to take out federal loans to pay for college this fall will see the highest interest rates in over a decade. The interest rate for direct federal undergraduate student loans disbursed after July 1, 2024 will be 6.53%, the Department of Education announced Tuesday. That’s up from the current 5.5% interest … Read more
A high-profile Sydney real estate agent has lashed the government for not doing enough to help Australians through the housing crisis, as he claimed it would take a typical first home buyer 40 years to save for a deposit in Sydney. Tom Panos filmed himself in a café, highlighting one of the staff members working … Read more
Warren Buffett holds a unique place in the hearts and minds of investors all over the world. A key trait helped him reach such prestige, according to Harvard University leadership expert Bill George: Buffett, the longtime CEO of holding company Berkshire Hathaway, found the “sweet spot” between doing something he’s good at and doing something … Read more
As the costs at some colleges near $100,000 a year, families need a savings strategy they can bank on. Financial experts and plan investors agree that 529 college savings plans are a smart choice for many. And, as of 2024, there are even more benefits, including higher contribution limits and the flexibility to roll unused … Read more
The US Department of Education sign hangs over the entrance to the federal building housing the agency’s headquarters in Washington, D.C., Feb. 9, 2024. J. David Ake | Getty Images The U.S. Department of Education announced Tuesday the interest rates on federal student loans for the 2024-2025 academic year. The interest rate on federal direct … Read more
A family forced to pay $120,000 after a teenager slipped and broke their arm while getting out of a hot tub on a US trip is just one of many horror stories that experts say prove that travel insurance in essential when holidaying. While the increased cost of living means Australians are increasingly cutting out … Read more
Every Australian household and more than one million small businesses will receive $300 off their power bills, as the federal government tries to ease bill shock fuelled by Russia’s invasion of Ukraine. The package is part of cost-of-living measures in Tuesday’s federal budget, with the government planning to spend $3.5 billion in the 2024/25 financial … Read more
