Last year, billionaire Robert Smith shocked about 400 Morehouse College graduates (and people around the world) when he announced that he would pay off their student debt. Today, he returns with an initiative that he believes will address the challenges faced by black student loan borrowers on a broaderRead More →
A federal rule that could have helped protect health-care workers from coronavirus has been stuck in regulatory limbo since the start of the Trump administration. An Occupational Safety and Health Administration rule in the works since 2010 was designed to ensure that employers have in place comprehensive programs to protectRead More →
Unemployment hasn’t been this low for 50 years, but a record one-quarter of student loans from a popular federal program qualified for easier repayment plans to help borrowers avoid default, according to DBRS Morningstar. Income-based repayment plans were being used on 24.7% of $452 billion worth of student loans withRead More →
As if students and parents didn’t have enough to worry about in choosing a college — academics, ambience, selectivity and, of course, cost — the political climate on U.S. campuses is becoming more of a concern. Why? Because “woke” progressivism is received wisdom in academia these days, and students whoRead More →
Getty Images U.S. President Donald Trump shakes hands with Chinese Vice Premier Liu He. European stocks on Thursday were on track to reach a record high, helped by relief that the U.S. and China signed a trade pact. The Stoxx Europe 600 SXXP, +0.00% added 0.16% to 420.32, above theRead More →
I’m on a mission to get everyone looking after their brain as routinely as they look after their teeth. Here’s eight easy ways to keep your brain young. 1. Love learning Learning rejuvenates your brain by generating new brain cells. It also enriches brain networks and opens up new routesRead More →
President Donald Trump says our economy is “the best it has ever been,” and he is planning to ride that false claim to a second term. I won’t let him get away with it. I have the track record — in business and government — to show America what realRead More →
Dear Moneyist, I am married to the love of my life and we are currently planning our forever home. It sounds great, and it was — until my new in-laws made their grand entrance. They are currently dangling the one gift that they know will change our lives — landRead More →
If you wake up in the middle of the night during the holidays worrying about money, you are not alone. Nearly six out of 10 Americans live paycheck to paycheck, when the median household income was $63,179 in 2018. Many Americans are financially fragile. Four out of ten adults inRead More →
Broad Green Pictures / courtesy Everett Collection Like millions of others, financial advisers are planning resolutions for 2020. Self-care, simplified finances and unemotional investing choices are some of the ways financial advisers are planning to better themselves in 2020. Despite their differing goals, the advisers who answered a MarketWatch questionRead More →
Parents can be the most important influence on a teen considering college. But how they talk to their children about the all of their choices — Ivy League, state university, community college, trade school, coding boot camp or even no postsecondary education at all (gap year or straight to work)Read More →
As New Year’s approaches, people are thinking about what they could do in 2020 that they didn’t do in 2019. One thing to add to your list: put money in your child’s 529 college savings plan, which, like individual retirement accounts and 401(k) plans, allows your investments to appreciate tax-freeRead More →
Dear Moneyist, Our delightful and frugal 31-year-old daughter is living at our home for free while paying down her graduate-school student loan. I told her that as far as her siblings and parents are concerned, that is a cash equivalent of about a $2,500-a-month gift. She disagreed, given that noRead More →
The future of work looks even bleaker for African-American workers, a new report suggests. Black Americans are poised to be disproportionately impacted by automation, according to research released this month by McKinsey & Co., with the possibility of some 132,000 African-American jobs being displaced as a result of automation byRead More →
Dear Moneyist, I met my husband 17 years ago online. We have been married for 15 years and have a 12-year-old son. I am from another country, and my husband sponsored me to come to the U.S. I already had a business degree from my home country. But I haveRead More →
Dear Moneyist, Last year, my husband and I divorced after nearly 25 years of marriage. We had been separated for many years prior to the divorce. We have a very nice 22-year-old son who is a senior in college. We all live in New York, although my son might moveRead More →
Boosters of online higher education have long held out the lofty promise that it would bring down the spiraling cost of college while also widening its reach. But a little-known industry of for-profit middlemen, which is skimming off as much as 80% of the proceeds and has U.S. revenues ofRead More →
Alf Seccombe, a San Francisco area-based director with $223,000 in student loans, says those who blame students for the problem are “a little out of touch.” “People don’t realize that everybody is living paycheck to paycheck and they are not doing that by choice,” said Seccombe, 36. ‘We’re in aRead More →
Actress Felicity Huffman, who was sentenced to 14 days in jail on Friday for her role in the college-admissions scandal, wrote an impassioned 1,400-word letter to the judge overseeing her case before her sentence. The letter was designed to provide some context to her decision and, presumably, invoke some compassionRead More →
Dear Moneyist, This is something I have not shared with anyone until now. I am embarrassed because my family, friends and colleagues view me as a very intelligent person. I act like someone who has it all together, but deep down I feel otherwise. I have lived with my husbandRead More →
It’s not a coincidence that income inequality has worsened as residential segregation has become more common. A new working paper from researchers at the Federal Reserve Bank of Minneapolis and the University of Chicago explored the relationship between residential segregation by income and inequality, particularly as both have increased sinceRead More →
America devotes vastly more resources on higher education than other high-income countries, and it is hard to say it spends that money wisely. For about half of the approximately 2 million high school graduates that will enroll this fall in a quest for a four-year degree, college will prove aRead More →
One college major offers smooth sailing above all others for students seeking a secure, well-paying job. Naval Architecture and Marine Engineering is the most valuable major, according to ranking a ranking of 162 college majors released Monday by personal-finance site Bankrate.com. Students majoring in the field learn how to designRead More →
Over the past several months, politicians and pundits have debated the merits of mass student-debt cancellation. Jeffrey Morgan is one of the few to know first-hand what it’s like to have the government forgive your student debt. ‘It’s allowing me to pay rent and keep paying my private loans andRead More →
Lori Loughlin doesn’t think she did anything wrong by allegedly paying a half-million dollars to get her daughters into USC — because she thinks the payoff was the same as making a donation, according to a report. “She honestly didn’t think what she was doing was any different than donatingRead More →
