New and returning college students’ timelines for applying for federal financial aid and receiving their award offers have been thrown off this year after the botched rollout of a new application form – with the leadership of the office in charge set to change this summer. College students and their…

Economic hardship is causing more people to rely on credit to cover living expenses, and some have even maxed out their credit cards to deal with inflation and rising prices, according to a recent survey. Credit card balances surged past the trillion dollar mark in the fourth quarter of 2023. The…

Consumer satisfaction is taking a dip in the wake of high interest rates, driven up by inflation and the remnants of the pandemic. Nearly 73% of consumers with loans are now categorized as financially unhealthy, J.D. Power’s Consumer Lending Satisfaction study found. Last year, 67% of consumers were categorized the…

A new report from Fidelity Investments finds that over half of Millennials and Gen Z believe they will have a harder time saving for retirement due to the higher cost of living. Fidelity’s 2024 State of Retirement Planning study found that 57% of Millennials and 56% of Gen Z believe…

Medicare Advantage plans are popular. They’re estimated to have enrolled more than half of Medicare beneficiaries for the first time in 2024. But changes are underway. Those enrolled in Advantage plans or considering them need to pay careful attention when evaluating plans in this fall’s open enrollment season. There could…

Freddie Mac wants to offer second-lien mortgages to help homeowners locked into lower-interest-rate mortgages access their home equity. Freddie Mac’s proposal would allow homeowners to access their home equity while keeping their low interest rate on their current loan. It could potentially be a cost-effective alternative to cash-out refinances at…

A new report from the nonpartisan Committee for a Responsible Federal Budget (CRFB) finds that President Biden’s latest student debt handout plan combined with previously announced policies will cost between $870 billion and $1.4 trillion if implemented. “That’s more than all federal spending on higher education over the nation’s entire…

Americans are drowning in credit card debt.  New data published by the Federal Reserve Bank of Philadelphia shows that a growing number of Americans are struggling to make their monthly credit card payments as they continue to battle high inflation and interest rates.All stages of credit card delinquency — 30,…

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Spending money is easy, but saving it is a lot harder. Luckily, there are tons of free financial tools you can leverage to help you save money, pay off and stay out of debt. Bankrate is one of these tools. Bankrate offers a slew of calculators all geared towards very specific…