Borrowers were still having their wages seized over defaulted student debt, months after the government instructed the student-loan industry to pause this activity during the coronavirus pandemic. That’s one conclusion from Department of Education data published Thursday by the Student Borrower Protection Center. The data, released to the nonprofitRead More →
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 →
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 →
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 →
Hypocrisy at the world’s biggest Christian college? Let’s just say shock was in short supply when Politico on Monday, citing dozens of sources, published a deep dive into the antics of Liberty University President Jerry Falwell Jr. ‘We’re not a school; we’re a real estate hedge fund. We’re not educating;Read More →
You’ve just paid off almost a quarter-million dollars in student loans after 10 years of hard work and personal tragedy. What are you gonna do next? Dance it out in a metallic purple jumpsuit, of course. That’s what Caitlin Boston, 35, is beginning to going viral for, after posting aRead More →
You’ve just paid off almost a quarter-million dollars in student loans after 10 years of hard work and personal tragedy. What are you gonna do next? Dance it out in a metallic purple jumpsuit, of course. That’s what Caitlin Boston, 35, is beginning to going viral for, after posting aRead More →
Dear Moneyist, My children’s father passed away this past August. He had remarried not long before that and settled in Chapel Hill, N.C. He did have a will, but did not specify individual items to be given to his relatives. His new wife (AKA my children’s stepmother) is having aRead More →
The arrest of billionaire Jeffrey Epstein on sex trafficking charges has renewed questions on whether Harvard University should give back millions he donated to the school more than a decade ago. Epstein, 66, was charged Monday with sexually abusing dozens of girls, some as young as 14, and allegedly payingRead More →
Consumer debt is growing to worrisome levels. Ben Mohr, senior research analyst of fixed income at investment consultant Marquette Associates, calculated that total U.S. consumer debt hit $14 trillion in the first quarter of 2019, surpassing the roughly $13 trillion of leverage accumulated in credit cards, auto loans and mortgagesRead More →
Dear Moneyist, A Georgetown University undergraduate student whose dad has already pleaded guilty to participating in a nationwide college admissions bribery scheme is now suing the school to try to stop disciplinary action from the university. I believe he should be expelled and the credit he earned should be withheld.Read More →
As the student-loan debt bubble grows, lawmakers and consumer advocates are pushing for better counseling to help students make better-informed borrowing decisions. But as a new working paper circulated Monday by the National Bureau of Economic Research shows, counseling can have a dramatic effect on the choices these students makeRead More →
Few entertainers’ day jobs focus as closely on money and finance as Michael Torpey’s. As the host of Tru TV’s “Paid Off with Michael Torpey,” Torpey introduces viewers to struggling student loan borrowers competing to win help paying off their loans. New episodes premiere Monday and one of the majorRead More →
