President Joe Biden made student loan forgiveness a central issue to his administration, rolling out efforts to forgive debt as well as to lower repayments for millions of borrowers. But with President-elect Donald Trump returning to the White House in January, the future of those efforts is now in question. During the presidential debate with … Read more
US Senator Marco Rubio, who could be the first Latino to serve as Secretary of State under President-elect Donald Trump’s administration, has a history of financial missteps that have come under the spotlight repeatedly over the years. Despite his role as a prominent political figure, Rubio’s handling of his finances—from questionable credit card practices to … Read more
The Labor government has announced plans to reduce student loans by 20%, effectively eliminating nearly AU$16 billion ($10 billion) in debt, Australian Prime Minister Anthony Albanese announced on Sunday. The government’s action is part of the initiatives that builds on the budget, which aims to tackle the rising cost of living in Australia by offering … Read more
The Nigerian Education Loan Fund (NELFUND) has said only 36 state-owned institutions have complied with the directive to upload their students’ data to its platform to enable them benefit from the fund. The agency said only students of these institutions can now apply for the loan scheme introduced by the Nigerian government to address the … Read more
Lifestyle creep, a common issue where increased income leads to higher spending without additional savings, has significantly impacted Preston, whose annual income has doubled to $190,000 over the past five years. Despite this, he finds himself broke by the end of each month. Preston, an accountant living in Dallas, Texas, with his wife and three … Read more
Prioritizing retirement savings is a wise decision in the post-pandemic world of job uncertainty, wage growth slump, elevated inflation and living costs alongside the high cost of borrowing. What’s more concerning is that the Social Security benefits could drop in 2033 as fewer employees are left to contribute (via payroll taxes) to the workforce’s future … Read more
The management of the Nigerian Education Loan Fund (NELFUND) has said only students in federal government-owned tertiary institutions are eligible to apply for the first phase of the student loan. NELFUND had earlier announced that the portal for the loan would be opened for application on Friday for students seeking financial assistance to pay school … Read more
David Ramsey is a bestselling author and radio host works with more than 5,000 professionals to advise his listeners on tax bills, real estate insurance, debt and other finances. Ramsay is also the face of The Ramsay Show, a radio programme and podcast that discusses money management. “I am barely making it,” said 28-year-old Rashina, … Read more
