After a five-year suspension that began in March 2020, the Trump administration is turning the student loan default collections machine back on. Millions of borrowers with defaulted loans are poised to face severe consequences starting on Monday, May 5. “Resuming collections protects taxpayers from shouldering the cost of federal student loans that borrowers willingly undertook...
Entering young adulthood saddled with debt has become standard for many who want an undergraduate degree, sometimes to the tune of tens-of-thousands of dollars. Around 45% of 2025 high school graduates will go on to a four-year college, according to NerdWallet analysis, and more than one-third of them will take on student loans to pay...
DUBUQUE – Buying your first home can feel overwhelming—it’s often the largest purchase a person will ever make. From unfamiliar terminology to…
Are you concerned about debt? It’s important to recognize this, but, at the same time, you may have more ways of gaining control of your debt …
Spring and summer are traditionally hot months for homebuying, but some would-be buyers with student loan debt could encounter unexpected trouble.Nearly 10 million federal student loan borrowers may be facing delinquency, potentially dropping their credit scores by 150 points or more, according to a report released by the Federal Reserve Bank of New York on...
As a homeowner, you likely have a lot more equity in your house than you did just a few years ago. U.S. homeowners gained almost $3 trillion in equity in the fourth quarter of 2024 compared to the previous year, according to data from the Federal Reserve Bank of St. Louis. While your home equity...
It was a well-timed week for mortgage rates to stabilize: The 30-year mortgage averaged 6.77% in the week ending March 27, down three basis points from the previous week. A basis point is one one-hundredth of a percentage point.A three-basis-point decline sounds kind of measly, but it stopped a two-week streak of rising rates. And...
The Waverly Area Development Fund (WADF) has reduced a key business loan and is now offering a 4% fixed rate amortized over up to 10 years, a drop of two percentage points, according to City of Waverly Planning and Development Specialist Connie Tolan.
The U.S. Education Department took down the online and paper applications for all income-driven repayment (IDR) plans on Feb. 21, following the latest legal ruling in a lawsuit against the new IDR plan, Saving on a Valuable Education (SAVE). “A federal Circuit Court of Appeals issued an injunction preventing the U.S. Department of Education from...