Student loan scam attempts likely to rise after SCOTUS decision: FTC

Scammers are likely to start contacting borrowers, promising to help them repay their loans after SCOTUS struck down Biden’s student loan forgiveness plan, the FTC said. Here's how borrowers can protect themselves.

Student loan borrowers not ready to resume payments, unaware of options: survey

More than half of student loan borrowers said they don't feel financially ready to resume payments in 2023, even as the pause ends, according to the College Investor survey.

Biden administration announces SAVE plan after SCOTUS student loan decision

The White House announced SAVE, a new income-driven student loan repayment plan and other initiatives following the Supreme Court's decision to strike down widespread student loan forgiveness.

Mortgage rates inch to the highest level so far this year: Freddie Mac

The average 30-year fixed-rate mortgage increased to 6.81% for the week ending July 6, according to Freddie Mac's latest Primary Mortgage Market Survey.

Subprime-rated consumers have less access to credit – Here's how to improve your score

Subprime-rated consumers may have fewer borrowing options to deal with unexpected costs as lenders tighten access to credit to this group in favor of more consumers with higher credit scores, a VantageScore report said.

Recession expected by end of 2023: Fannie Mae

A recession is likely in 2023, Fannie Mae forecasted. And the Fed may continue to raise interest rates after its June pause, despite projections that inflation will continue to cool.

Record number of Americans expected to travel this 4th of July: AAA

More than 50 million Americans may travel this 4th of July 2023 weekend, AAA reported. But with record travel expected, some times may be better to drive than others.

Supreme Court strikes down Biden's student loan forgiveness plan – what's next?

The U.S. Supreme Court held that the Biden administration needs to have Congress’ backing for the costly student loan forgiveness plan and rejected arguments that the HEROES Act of 2003 gave Biden the authority he claimed.

Borrowers may see credit scores change once federal student loan payments resume

Resuming the payments on student loans means that a large percentage of nearly 40 million Americans who have not made payments on their federal student loans in the past three years may see some changes in their credit scores, according to the VantageScore report.

Caution: boomerang kids could be bad for parents' financial health, survey says

Forty-one percent of parents said they have a so-called boomerang child currently living at home with them, according to a recent survey by asset manager Thrivent.