American Federation of Teachers President Randi Weingarten speaks to the audience at the annual convention of the American Federation of Teachers Friday, July 13, 2018 at the David L. Lawrence Convention Center in Pittsburgh, Pennsylvania. Jeff Swensen | Getty Images The American Federation of Teachers filed a class action complaint earlier this month against the…
Maskot | Maskot | Getty Images More drivers across the country are “underwater” or “upside down” on their auto loans — meaning they owe more money than the car is worth. That’s costing them when it comes time to buy a new car. About 26.6% of trade-ins toward new car purchases had negative equity in…
The White House is seen in Washington, D.C.on September 09, 2025. Yasin Ozturk | Anadolu | Getty Images The U.S. Department of Education may soon begin sharing information with students and families on “the benefits and risks” of federal student loans, the Trump administration recently announced. The department’s Office of the Ombudsman will take “a…
Damircudic | E+ | Getty Images There’s been a sharp uptick in the number of student loan borrowers hitting the pause button on their monthly bills. The U.S. Department of Education offers two primary ways to postpone your payments — deferments and forbearances. Between those statuses, more than a quarter of the country’s over 40…
Students study in the Perry-Castaneda Library at the University of Texas at Austin on February 22, 2024 in Austin, Texas. Brandon Bell | Getty Images The Trump administration paused student loan forgiveness on a popular plan earlier this summer. It has not yet resumed the debt cancellation, and this week, lawmakers urged it to do…
Jose Luis Pelaez Inc | Digitalvision | Getty Images There’s a way for student borrowers pursuing Public Service Loan Forgiveness to get their debt wiped away sooner than they might have expected. But that program, called PSLF Buyback, has been experiencing some challenges of late. Chief among them: As of July 31, there’s a 72,730-person…
The Good Brigade | Digitalvision | Getty Images Mortgage rates have been declining, making conditions favorable for some homeowners to refinance, experts say. The average 30-year fixed-rate mortgage was 6.58% for the week ended Thursday, Aug.14, down from 6.63% the week prior, according to Freddie Mac. Mortgage rates have come down a point and a…
Last Updated:August 15, 2025, 14:31 IST Indian Overseas Bank will cut the Marginal Cost of Fund-Based Lending Rate (MCLR) by 10 basis points from August 15, 2025, following a similar cut in July. India Overseas Bank cuts MCLR rate by 10 bps. Indian Overseas Bank has announced to cut the Marginal Cost of Fund-Based Lending…
Natalia Lebedinskaia | Moment | Getty Images As a Biden-era relief measure for federal student loan borrowers comes to an end, some people could see their bills more than double. Earlier this month, the Trump administration announced that the so-called SAVE interest-free payment pause will expire on Aug. 1, and that enrollees’ education debts will…
Last Updated:June 27, 2025, 15:47 IST Choosing the right personal loan starts with understanding what fits your needs best. Pre-approved or regular? Know which personal loan works better for you. When it comes to borrowing money, personal loans often emerge as a quick and flexible option. But not all personal loans are created equal. Banks…
