More than 600 defaulters aged 60 and above have failed to repay their student loans under five government financial assistance schemes designed to fund their tertiary and post-secondary studies, with the average amount owed standing at HK$17,400 (US$2,220). In a reply to questions from lawmakers on Wednesday, the Education Bureau said it had recorded 9,838…
An Ohio man weighing how to spend a sizable bonus is getting a blunt piece of financial advice from Dave Ramsey: Stop the “stupidity” and pay off student loans first. The caller to The Ramsey Show said he expects a $60,000 gross bonus (approximately $40,000 after taxes), and he and his wife currently hold around…
If you’re a parent, grandparent, or even a student, changes to student loans might soon affect your financial plans. On the “Women & Money” podcast, financial expert Suze Orman recently broke down how a major new federal law — the One Big Beautiful Bill Act — will reshape federal student loans work starting in 2026….
Personal finance expert Dave Ramsey isn’t sugarcoating it. In a recent post on X and segment on “The Ramsey Show,” he laid out exactly why so many Americans are struggling financially. According to Ramsey, the problem isn’t your paycheck. “You’re not broke because you don’t make enough. You’re broke because you give your income to…
When Mark, 35, discovered his wife had been hiding $55,000 in credit card debt and $33,000 in student loans for their entire 10-year marriage, he was stunned. She said she hadn’t meant to lie, but that she didn’t know how to tell him once the balances started snowballing. Mark and his wife are committed to…
As the Trump administration overhauls the federal student loan repayment system, borrowers may soon find it difficult to keep up with their monthly payments, consumer advocates said. The SAVE, or Saving on a Valuable Education, plan, touted by the Biden administration as the most affordable repayment program ever, is now defunct. President Donald Trump’s “big…
A March 2025 Empower study found that 55% of respondents felt further away from financial success than they did the previous year. While rising costs and uncertainties about the economy can make you feel out of control and unconfident about your money, you can focus on taking the right steps — and avoiding the wrong…
Advice for students to navigate job market stress and student loan struggles for recent grads – CBS News Watch CBS News As young Americans struggle with job prospects and loan repayment, CBS News business analyst Jill Schlesinger shares tips to ease financial stress and stay on track. Be the first to know Get browser notifications…
Student loan advocate says payment system is in “complete disarray” – CBS News Watch CBS News Millions of Americans are facing a major expense they previously thought was in their rearview mirror. The federal government is resuming collections on defaulted student loans. Lana Zak reports on loan holders already struggling to make ends meet. Be…
The Department of Education says federal student loan borrowers who do not pay on time could damage their credit scores and even have their wages garnished beginning today, May 5 — causing challenges for some of the more than 5 million borrowers who are in default and struggling to get answers about their loans. “I don’t…