1. Borrowers with ‘runaway interest’ More than 25 million borrowers owe more than they originally borrowed in federal student loans because of accrued interest charges, according to the Biden administration. As part of this plan, those borrowers could get up to $20,000 of unpaid interest on their debt forgiven, regardless of income. Certain low- and middle-income … Read more
A person with a ticket matching all six US Powerball numbers in the $US1.3 billion ($A2 billion) jackpot has come forward to claim the prize, Oregon officials say. The lottery ticket was bought at a Plaid Pantry convenience store in the northeast part of Portland, Oregon Lottery said on Monday. Oregon Lottery is working with … Read more
U.S. President Joe Biden speaks as he announces a new plan for federal student loan relief during a visit to Madison Area Technical College Truax Campus, in Madison, Wisconsin, U.S, April 8, 2024. Kevin Lamarque | Reuters Interest provision may erase up to $20,000 per borrower Consumer advocates have long criticized the fact that interest rates on federal … Read more
D3sign | Moment | Getty Images With one week until the April 15 federal tax deadline, the IRS has released an “important update” for Direct File, the agency’s free tax filing program. Since March 12, the pilot program has been fully open for certain filers in 12 states, and Direct File now allows users to … Read more
Do you struggle to save when it comes to shopping? Are you easily tempted but looking to save? I know I certainly am, especially when it comes to shopping online. Help is at hand in the form of Two Broke Chicks. Trends, culture and exclusive features: Sign up for 7LIFE newsletters Sal, from the leading … Read more
Holidaymakers at Hamilton Island should make sure to bring their debit or credit cards as the Whitsundays destination is now entirely cashless. Hamilton Island, one of Australia’s most popular holiday spots, started changing its money policies during the COVID-19 pandemic, and does not accept cash at any of its outlets. “The choice to become cashless … Read more
U.S. President Joe Biden delivers remarks on canceling student debt at Culver City Julian Dixon Library on February 21, 2024 in Culver City, California. Mario Tama | Getty Images A narrower aid package Biden hopes will survive The president’s Plan B for student loan forgiveness will likely target several groups of borrowers, including those who’ve … Read more
Songsak Rohprasit | Moment | Getty Images The tax deadline is approaching and some filers are turning to chatbots powered by artificial intelligence for help with returns. But taxpayers should be wary of generative AI — which uses artificial intelligence to create content — for tax advice, experts say. Nearly 1 in 5 Americans would … Read more
Now Hiring sign in a supermarket window in Queens, New York. Lindsey Nicholson/UCG/Universal Images Group via Getty Images The U.S. job market continues to chug ahead without signs of overheating — a good sign for workers and the U.S. economy, according to economists. While the market has cooled from its breakneck pace of the “great … Read more
Looking for ways to save money but still enjoy socialising? Best friends Alex Hourigan and Sally McMullen, hosts of the podcast Two Broke Chicks, have the solution. The pair have revealed their simple trick on how to score cheap food and drinks around Australia. Trends, culture and exclusive features: Sign up for 7LIFE newsletters Budget … Read more
