The Education Department has decided to pause certain collection actions for some federal student loan borrowers. This move gives those in default a bit of a break while the government works on updating loan repayment and forgiveness programs. This pause means that actions like wage garnishment and
The stock market had a wild ride recently, with some companies seeing huge gains while others took a big hit. Let's break it down. Zenas BioPharma, a biotech company, saw its stock drop by more than half after their new drug showed promise in trials. The drug, obexelimab, is meant to treat a rare d
In 2025, a group of economists, led by Joseph Davis at Vanguard, made predictions that turned out to be quite accurate. They forecasted an unemployment rate of 4. 4%, an average of 97, 500 new jobs per month, and a 3% increase in the Consumer Price Index. As the year comes to a close, these numbers
Big changes are happening in colleges across New England. The Trump administration has been busy making changes to higher education. They've been following a plan called Project 2025. This plan suggested splitting up the Department of Education and giving its jobs to other agencies. Many of these ch
In the past, student loans were seen as nearly impossible to get rid of through bankruptcy. But things are changing. A recent study shows that the success rate for people trying to discharge student loans in bankruptcy has gone up to 87%. This is a big jump from 61% in 2017 and 40% in 2007. What's
Student loan borrowers are facing a tough time. In August, the Education Department turned down over 300, 000 requests for new repayment plans. This leaves many stuck with higher monthly payments or growing interest. It's a big issue because over 42 million Americans have student loans, totaling mor
The Department of Education has a massive backlog of student loan applications. As of November 30, 802, 730 applications for income-driven repayment (IDR) plans are still pending. This delay is causing stress for many borrowers. In November, the department approved loan discharges for 170 borrowers
The U. S. economy showed surprising strength, growing by 4. 3% in the third quarter. This growth, revealed in a delayed report due to the government shutdown, came despite a recent dip in consumer sentiment. Spending, however, remained robust, climbing to 3. 5% from the previous quarter's 2. 5%. Ho
Starting in early 2026, some people with overdue student loans might see their paychecks shrink. The government is planning to take money directly from the wages of those who haven't paid back their loans. This move is part of a bigger effort to collect overdue payments, which began earlier this yea
Starting in early 2026, the U. S. Education Department plans to resume taking money directly from the paychecks of people who haven't paid their student loans in over 9 months. This practice, called wage garnishment, was put on hold during the pandemic. The department says they will begin by sending
