student loans

New legalized states and additional betting options have led to more users turning to the world of sports betting. Though sports betting can result in big wins, it also entails losses and valuable lessons. Several people on social media quickly learned that sports betting may not be for everyone....

U.S. household debt climbed by $212 billion, reaching a new record high of $17.5 trillion at the end of 2023, according to the New York Federal Reserve. The Quarterly Report on Household Debt and Credit revealed significant increases across several categories, with credit card balances and...

The Biden administration’s recent decision to cancel a portion of student loan debt has sparked controversy, with Kevin O’Leary, chairman of O'Leary Ventures and a well-known figure from “Shark Tank,” criticizing the move as “un-American.” O’Leary voiced...

U.S. home goods retailers could bear the brunt of a retail slowdown as hundreds of thousands of cash-strapped young people put off setting up new homes, pressured by the resumption of expensive student loan repayments. Analysts at KeyBanc Capital Markets suggest discretionary spending could slow,...

Goldman Sachs’ first take on SoFi Technologies, Inc (NASDAQ:SOFI) after the lender reported third-quarter earnings is bullish, and the investment bank expects the stock to trade higher. Goldman Sachs highlighted SoFi’s revenue, origination, contribution profit and EBITDA beat. Student...

SoFi Technologies Inc (NASDAQ: SOFI) reported better-than-expected financial results on Monday. Following the company's quarterly results, CEO Anthony Noto highlighted strength across the company's business and cleared up a "misperception" about student loan growth....

President Joe Biden's administration has flagged $127 billion of federal student loans for potential cancellation. What Happened: This decision comes despite a Supreme Court ruling earlier this year that limited the scope of such relief. The Supreme Court, in its June verdict, stated that...

The Federal Reserve Bank of New York has concluded that the resumption of federal student loan payments will have a minimal effect on the U.S. economy. What Happened: The New York Federal Reserve has indicated that the return of federal student loan payments will not significantly impact the U.S....

After over three years of a pandemic-induced pause, federal student loan borrowers are bracing for the resumption of their monthly payments starting in October, potentially resulting in new spending patterns and financial stress for nearly 44 million Americans. According to Jefferies, retailers...

Despite enjoying a recession-free period longer than most anticipated, recent findings from a survey conducted by Bloomberg reveal that the U.S. consumer’s resilience might soon wane. Over half of the 526 participants of Bloomberg’s Markets Live Pulse Survey anticipate U.S. personal...

Bank of America Securities analyst Mihir Bhatia issued a note Wednesday concerning the uptrend in student loan repayments and the beneficiaries of student loan payments. What Happened: Bhatia noticed that by the end of August, student loan repayments started picking up momentum, and it could...

The suspension of federal student loan payments, which began in March 2020 due to the COVID-19 pandemic, is set to conclude in October. However, an intriguing development emerged on the financial horizon. According to Goldman Sachs analyst Alec Phillips, remittances to the Department of Education...

Student loan relief is over. Thanks to the Supreme Court’s decision to stop President Biden’s student loan forgiveness plan, student loan debt is back to haunt the collective. Those who will feel it the most? The women who make up ⅔ of America’s $1.54 trillion in student loan debt...

The age-old debate surrounding the worth of a college degree, especially with the soaring costs of tuition, continues to be a contentious one. With student loan debt outstripping inflation rates over the past few decades, the question is — does the reward outweigh the risk? A study issued this...

A hefty sum of over $9 million will be given back to student-loan borrowers scammed by Ameritech Financial, as declared by the Federal Trade Commission (FTC) and Department of Justice (DOJ), Business Insider reported. Ameritech Financial, run by Brandon Frere, was...