BlackRock New York Stock Exchange: CHLK is the world’s largest asset manager, and the company recently announced an intriguing and significant strategic shift. BlackRock announced it will acquire HPS Investment Partners for approximately $12 billion, marking a bold expansion into the fast-growing private credit market and providing an attractive investment opportunity for investors willing to … Read more
While student loan forgiveness has been a focus throughout Joe Biden’s presidency, little is known about the borrowers lucky enough to actually receive relief. To fill the information vacuum, the Consumer Financial Protection Bureau (CFPB) on Wednesday released a first-of-its-kind study of borrowers whose student loans were partially or fully forgiven. “Student loan debt relief … Read more
Student loan borrowers hungry for more government help could see very different policies next year depending on who lives in the White House. With nearly one in five U.S. adults carrying student debt, student loan policy tends to lag behind other economic issues in the eyes of voters. Still, about 4 in 10 adults say … Read more
Despite stiff legal opposition, the Biden administration is moving forward with a new plan to cancel federal student loans for millions of borrowers. The Education Department released new forgiveness rules Friday as part of its latest effort to broadly forgive student debt. The agency says the plan, if finalized, would provide one-time debt relief to … Read more
More than 1 million student loan borrowers are currently eligible for public service loan forgiveness. The milestone comes after the Biden administration on Thursday announced the latest round of forgiveness for public sector workers, resulting in more than 60,000 borrowers receiving $4.5 billion in debt forgiveness. Overall, the program has forgiven about $74 billion in … Read more
Ads by Money. We may be compensated if you click this ad.Ad The most significant advantage to buying a home is building equity and increasing your net worth. Home equity loans, sometimes called second mortgages, are one way of tapping into that wealth and getting cash. Applying for a home equity loan is similar to … Read more
Protections aimed at helping federal student loan borrowers get back into the habit of making monthly payments end next week. The so-called “on-ramp” for returning to repayment blocked the worst consequences of missing student loan payments after monthly billing resumed last fall following a more than three-year pause during the pandemic. The on-ramp officially expires … Read more
The federal government is ordering student loan servicer Navient to pay a hefty fine aimed at redressing exploited borrowers. The Consumer Financial Protection Bureau (CFPB) filed a proposed order Thursday against Navient, fining the financial firm $120 million and recommending it be permanently banned from servicing federal student loans. Part of that money is earmarked … Read more
A group of Republican-led states has thrown another wrench in the Biden administration’s attempts to reform the federal student loan system. On Thursday, a federal court in Georgia temporarily blocked President Biden’s latest effort to broadly forgive student loans, which was slated to cancel an estimated $150 billion of student loan debt starting as early … Read more
Ads by Money. We may be compensated if you click this ad.Ad *Rates and APYs are subject to change. All information provided here is accurate as of September 4, 2024. Money’s Main Takeaways VA loans are one of the main benefits the federal government offers to retired and active-duty members of the military Borrowers can … Read more