Latest Personal finance education News

Poll: Many pessimistic about improving standard of living

Oct. 04, 2022 13:31 PM EDT

NEW YORK (AP) — More than half of Americans believe it’s unlikely younger people today will have better lives than their parents, according to a new poll from the University of Chicago Harris School of Public Policy and The Associated Press-NORC Center for Public Affairs Research. ...

FAFSA season starts: What you need to know for financial aid

Sep. 27, 2022 11:23 AM EDT

NEW YORK (AP) — The Free Application for Federal Student Aid filing season starts Oct. 1 for the 2023-2024 school year. If you plan to attend college next year, experts say you might want to fill out the FAFSA application as close to the opening date as possible. Many institutions...

How to get a student loan refund if you paid during pandemic

Sep. 21, 2022 17:10 PM EDT

NEW YORK (AP) — When President Joe Biden announced a plan to forgive student loan debt, many borrowers who kept making payments during the pandemic wondered if they'd made the right choice. Borrowers who paid down their debt during a pandemic freeze that started in March 2020 can...

How steep Fed rate hikes affect your finances

Sep. 21, 2022 14:08 PM EDT

NEW YORK (AP) — Mortgage rates have jumped, home sales have slumped and credit cards and auto loans have gotten pricier. Savings rates are slightly juicier, though. As the Federal Reserve has rapidly increased interest rates, many economists say they fear that a recession is...

EXPLAINER: What to know about 'buy now, pay later'

Sep. 15, 2022 09:59 AM EDT

NEW YORK (AP) — Since the start of the pandemic, the option to “buy now, pay later” has skyrocketed in popularity, especially among young and low-income consumers who may not have ready access to traditional credit. If you shop online for clothes or furniture, sneakers or...

Rents are starting to come down, but the trend may not hold

Sep. 06, 2022 15:09 PM EDT

NEW YORK (AP) — Rents are starting to come down after spiking to record levels this past summer, but experts are uncertain if the slowdown will continue. Christopher Mayer, professor of real estate at Columbia Business School, said people looking for an apartment now might have a...

5 tips to make the search for a new apartment easier

Sep. 06, 2022 14:21 PM EDT

NEW YORK (AP) — Finding a new place can be challenging, and skyrocketing rents have made it especially hard this year. But there are things you can do to make the process easier. Whether it's your first or 10th time renting, here are five things to think about when looking for a...

Evers calls for $2 billion increase in public school funding

Sep. 06, 2022 12:17 PM EDT

MADISON, Wis. (AP) — Gov. Tony Evers on Tuesday called for spending nearly $2 billion more on public K-12 schools — a plan derided by Republicans that was released nine weeks before the election and designed to allow school spending to increase without resulting in higher property taxes. ...

Liz Weston: Why is money so confusing?

Aug. 29, 2022 07:32 AM EDT

Managing money is an essential life skill, yet most U.S. adults would fail a financial literacy test. Consider the results of a survey meant to measure financial literacy, called the TIAA Institute-GFLEC Personal Finance Index. On average, U.S. adults correctly answered only 50% of its financial...

Biden's student loan plan: What we know (and what we don't)

Aug. 26, 2022 11:26 AM EDT

NEW YORK (AP) — Under a new plan announced by President Joe Biden, many Americans can have up to $10,000 in federal student loan debt forgiven. That amount increases to $20,000 if they qualified for Pell grants. Here's what we know so far and what it means for people with outstanding student...