The recent legislation signed by President Donald Trump, dubbed the "Big Beautiful Bill, " brings significant changes to student loan repayment. This bill, passed by Congress, introduces new rules that could make it tougher for borrowers to manage their loans. One of the biggest changes is the elimination of existing income-driven repayment plans. These plans are be...
LGBTQ+ individuals face a unique set of challenges when they become cancer caregivers. These challenges often lead to financial struggles and job changes. A recent study looked into how these changes affect the financial well-being of LGBTQ+ caregivers. The study found that many caregivers had to deal with increased costs, lost wages, and strained finances. This w...
Imagine being a victim of gun violence. Apart from the physical injuries, the financial strain can be overwhelming. This is what we call "financial toxicity. " While we know that poverty fuels community violence, nobody has really looked into how money problems affect those who survive gunshots. That's what we set out to find in our study. We thought that survivors i...
Breast cancer isn't just a health issue; it can also turn into a financial struggle, especially for young adults aged 18 to 39. Though they make up a small portion of those diagnosed, they're more likely to face money problems. But why do these financial troubles stick around for so long? The answer isn't clear yet. Imagine you're in your 20s or 30s, just starting y...
Are you drowning in student loan debt due to unexpected hardships? The Biden administration has come up with a new idea to help out. On Friday, they proposed a plan that might forgive loans for people hit by serious problems like natural disasters or huge medical bills. It's still not clear exactly who qualifies, but some people might automatically get relief while o...
Imagine having a hard time paying your student loans because life threw you some unexpected curveballs. The U. S. Education Department has proposed new rules that could provide debt relief for nearly 8 million borrowers facing financial hardships. These hardships might include high medical costs, childcare expenses, or even natural disasters. The rules, developed las...