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☆ More students are dropping out of college — here's why
▼ + stars: | 2024-04-03 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Although college enrollment declines leveled off this year, the number of students who started but then withdrew has been on the rise, according to the National Student Clearinghouse Research Center. At the same time, roughly 26% of current undergraduates have seriously considered leaving college or are at risk of dismissal, according to a separate report by education lender Sallie Mae. "We need more support for early college planning, especially for first-generation students or those from underserved communities," said Rick Castellano, a spokesperson for Sallie Mae. Among students who are considering putting their education on hold, most said it was due to financial concerns. Others cite a loss of motivation or life change followed by mental health challenges, Sallie Mae found.

Persons: Sallie Mae, Rick Castellano Organizations: Student Clearinghouse Research

☆ The 'feminization of wealth' is coming as the boomer wealth transfer boosts the economic power of women
▼ + stars: | 2024-03-16 | by ( Aruni Soni | ) www.businessinsider.com time to read: +4 min

Of all the ways the baby boomer wealth transfer is expected to reshape everything from housing to the stock market, it could have another big impact: making women a lot wealthier. According to Ellevest, which focuses on wealth management and financial planning for women, a lot of it is going to be inherited by women in a shift the firm is calling the "feminization of wealth." For one, as women live longer than men, there's a shuffling of wealth from boomer husbands to their wives. In total, about $84 trillion is expected to be passed down to younger generations in the Great Wealth Transfer by 2045. As women control more wealth, those corners of the economy will adapt to their needs.

Persons: —, Sallie Krawcheck, Krawcheck, Tracy Bell, Bell, It's, Gen Organizations: Service, Boomers, Business, Bank of America, Contemporary, First Horizon, Bank of America Private Bank Locations: America

☆ Ellevest CEO: It won't be too many years before women have the majority of the wealth in the U.S.
▼ + stars: | 2024-03-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEllevest CEO: It won't be too many years before women have the majority of the wealth in the U.S.Ellevest CEO Sallie Krawcheck joins 'Squawk on the Street' to discuss the 'feminization of wealth,' how Ellevest advises women, and more.

Persons: Sallie Krawcheck, Ellevest Locations: U.S

☆ Here are some strategies to maximize your financial aid for college
▼ + stars: | 2024-02-22 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

Apply for financial aidIn ordinary years, high school graduates miss out on billions in federal grants because they don't apply for financial aid. Because this year's award letters are likely to look a lot different, that also opens the door for families to ask for more college aid. In that case, you may be able to appeal to the college financial aid office, according to Menaka Hampole, assistant professor of finance at the Yale School of Management. Alternatively, if the financial aid packages from other, comparable schools were better, that is also worth bringing to the school's attention in an appeal. "It's very important for students and families to know that financial aid offices tend to be very approachable," Greenberg said.

Persons: haven't, Rick Castellano, Sallie Mae, Greenberg, Menaka Hampole Organizations: U.S . Department of Education, National College, College, Network, Yale School of Management

NEW YORK (AP) — Nearly four years after Harvey Weinstein was convicted of rape and sent to prison, New York’s highest court will hear arguments Wednesday in his quest to overturn the landmark #MeToo-era verdict. The New York Court of Appeals agreed last year to take Weinstein’s case after an intermediate appellate court upheld his conviction. His New York trial drew intense publicity, with protesters chanting “rapist” outside the courthouse. That evidence would have served “only to make the jury hate Weinstein,” his lawyers said. During oral arguments, Judge Sallie Manzanet-Daniels said that Burke had let prosecutors pile on with “incredibly prejudicial testimony” from additional witnesses.

Persons: Harvey Weinstein, “, James Burke, Weinstein, ”, Arthur Aidala, Annabella Sciorra’s, Sciorra, Burke, would’ve, Burke’s, hadn’t, “ providently, Sallie Manzanet, Daniels, Aidala Organizations: New, Mohawk Correctional Facility, Associated Press Locations: Albany, Los Angeles, Italian, York, New York, Love, what’s, Sisak, x.com

☆ FAFSA delays likely to slow college decisions. 'It's a real mess,' expert says. Here's what to do if your financial aid letter is late
▼ + stars: | 2024-02-01 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

For most students and their families, which college they will choose hinges on the amount of financial aid offered and the breakdown between grants, scholarships, work-study opportunities and student loans. This year, schools are now waiting on that FAFSA information to begin building financial aid packages and to give students and families enough time to weigh their options. "The delay in sending FAFSA data to colleges will cause college financial aid offers to be delayed until at least April, maybe even May." "Making an offer of admission without offering a full financial aid offer really isn't useful for most families," said Adam Miller, vice president for admission and financial aid at Whitman College in Walla Walla, Washington. To do this, Whitman and other colleges would need to leverage the information families provided in their completed CSS Profile.

Persons: Mark, Mark Kantrowitz, Adam Miller, Whitman, Miller, Rick Castellano, Sallie Mae, Castellano Organizations: National College, Whitman College, College Board, Decision Locations: Walla Walla , Washington

☆ 3 mistakes to avoid in a divorce, from a money expert who ended a marriage in her 20s
▼ + stars: | 2024-01-18 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +4 min

At the time, Krawcheck says she was "pretty much on her own" to learn how to manage her money as a newly single woman. Her divorce attorney didn't have financial expertise to help her, but the financial advisors she talked to didn't have the divorce expertise she needed. Though it happened several decades ago, some of the challenges she faced going through her divorce as a woman continue to exist today. Here are three mistakes Krawcheck recommends avoiding if you could be facing a divorce in the future. Otherwise, you may arrive at separation proceedings unaware that there are assets you're entitled to or assets of your own that your soon-to-be ex is eyeing.

Persons: Sallie Krawcheck, Krawcheck, didn't, hasn't Organizations: CNBC, Harris, UBS Locations: U.S

☆ CD rates are coming down. Here’s where you can lock in yields of nearly 5% for 2 years
▼ + stars: | 2024-01-16 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

The Federal Reserve's interest rate hikes starting in March 2022 led to a sharp runup in yields on Treasurys. Rates on a range of otherwise plain vanilla investments also rose sharply, with money market funds offering yields exceeding 5%, and some banks boosting their CD yields to lure deposits. See below for a table of longer-term CD yields and where you can get them. There's also a tradeoff: You can collect this higher yield, but you'll have to be comfortable with reduced access to your money. By locking in an 18-month or 24-month CD, savers can benefit from today's higher yields well after the Fed begins dialing back rates.

Persons: Banks, Sallie Mae, Morgan Stanley's Betsy Graseck, There's Organizations: Ally

☆ The new FAFSA will be available by Dec. 31 — what families need to know about the college financial aid form
▼ + stars: | 2023-12-04 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

The earlier families fill out the form, the better their chances are of receiving aid, since some financial aid is awarded on a first-come, first-served basis, or from programs with limited funds. However, that shouldn't prevent families from completing the FAFSA in the days that follow, he added. "While there may be some hiccups along the way, students and families should do what they need to do to file as soon as possible," he said. Up until now, "the multiple student adjustment has been the single most important data element affecting one's eligibility for federal student aid," Chany said. At the same time, the new FAFSA will raise the family income threshold, making more students eligible for federal need-based aid.

Persons: Rick Castellano, Sallie Mae, Castellano, What's, Kalman Chany, Chany, Pell Grant, Mark Kantrowitz Organizations: IRS, slims, Department, Education, Princeton, CNBC

☆ A major CEO backer of the remote office model concedes one big work from home failure
▼ + stars: | 2023-12-03 | by ( Deborah Kong | ) www.cnbc.com time to read: +4 min

Sallie Krawcheck, CEO of Ellevest, an investment and financial literacy platform for women, has been a vocal advocate for remote work. The various benefits — lower fixed costs, a larger talent pool, and added flexibility for women and under-represented groups — factor into why Ellevest has remained fully remote since the pandemic. Not many people do it, and you can't run into each other at the coffee machine when you're on Zoom," Krawcheck said. Goldman Sachs CEO David Solomon has referred to remote work as "an aberration." Meta , which vocally embraced fully remote work, now has many employees back three days a week.

Persons: It's, Sallie Krawcheck, Ellevest, Krawcheck, Merrill Lynch, Jamie Dimon, Dimon, Goldman Sachs, David Solomon, Sam Altman, Nicholas Bloom, Covid, Bloom Organizations: Amazon, Google, CNBC Workforce, Citigroup, Wall, Cisco, Microsoft, Stanford Locations: New York City

☆ With or without loan forgiveness, fewer students are enrolling in college, questioning the return on investment
▼ + stars: | 2023-12-01 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Hero Images | Hero Images | Getty ImagesEven before the Supreme Court blocked President Joe Biden's plan to forgive student debt, fewer students were enrolling in college. But this fall, freshman enrollment continued its slide, sinking 3.6%, according to the National Student Clearinghouse Research Center. "This is more bad news for four-year colleges," said Doug Shapiro, the National Student Clearinghouse Research Center's executive director. Rising college costs and ballooning student debt balances have caused more students to question the return on investment. But increasingly, borrowers are struggling under the weight of education debt, which today totals more than $1.7 trillion.

Persons: Joe Biden's, Rick Castellano, Sallie Mae, Doug Shapiro, Shapiro Organizations: Nationwide, Student Clearinghouse Research, Clearinghouse Research, Student, Research, Lumina, Gallup

☆ 'Women's No. 1 source of stress is money,' expert says. Fixing that requires a step-by-step approach
▼ + stars: | 2023-11-29 | by ( Lorie Konish | ) www.cnbc.com time to read: +3 min

While men are most commonly say they are "hopeful" when it comes to money, women's number one word for their financial feelings was "stress," according to a 2023 Fidelity Investments survey. 1 source of stress is money," Sallie Krawcheck, CEO of Ellevest, an online investing platform for women, told CNBC in a recent interview. watch nowThere are a reasons why women's financial concerns are more acute. Consequently, women's top goal is to shore up the wealth they're lacking, while their second priority is taking care of their families, she said. A step-by-step approach works bests, according to Stacy Francis, a certified financial planner and president and CEO of Francis Financial in New York.

Persons: Sallie Krawcheck, Krawcheck, Cary Carbonaro, Carbonaro, Stacy Francis, Francis Organizations: Fidelity Investments, CNBC, ACM Wealth, Francis Financial, CNBC's FA Locations: New York, CNBC's

☆ Rates may have hit their peak. How to get the biggest bang out of cash heading into 2024
▼ + stars: | 2023-11-27 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

"It's important to keep sharing this idea to do something with your cash; these rates won't be here forever." Municipal money market funds Rather than tying up money in CDs or T-bills, Sachs prefers municipal money market funds for investors in the highest income tax brackets. Vanguard's Municipal Money Market Fund (VMSXX) has a 7-day SEC yield of 3.53% and carries an expense ratio of 0.15%. Residents in high-tax locales may also want to consider state-specific muni market funds, which have the additional benefit of providing income that's free of state taxes. For instance, there's the Vanguard California Municipal Money Market Fund (VCTXX) and the Fidelity New York Municipal Money Market Fund (FSNXX) .

Persons: –, Catherine Valega, Sallie Mae, Jeremy Keil, Keil, There's, Charles Sachs, Kaufman, Sachs, Michael Bloom Organizations: Federal, Green Bee, Synchrony, Financial, Keil Financial Partners, Federal Deposit Insurance Corp, FDIC, ., CFP, Money Market Fund, SEC, Residents, Vanguard, Fidelity New York Municipal Money Market Fund Locations: Winchester , Massachusetts, New Berlin , Wisconsin, Miami, Vanguard California

☆ Sallie Says: Leadership, Decision Making and Tough Conversations
▼ + stars: | 2023-11-20 | by ( Sharon Epperson | ) www.cnbc.com time to read: 1 min

Sallie Krawcheck rose through the ranks at legendary Wall Street firms like Sanford Bernstein, Citigroup and Bank of America, to her current post as CEO of Ellevest. With a sharp eye for the markets and a knack for leading teams Krawcheck shares insights on headcount, maximizing resources, return-to-office strategy and what she expects her C-Suite to deliver following tough conversations.

Persons: Sallie Krawcheck, Sanford Bernstein Organizations: Wall, Citigroup, Bank of America

A W-2 tax form is a type of informational form that's essential for completing your tax return. If you haven't received your W-2 by mid-February 2024, there are a few simple steps to take to ensure you have it in time to meet the April 15 tax deadline. How can I get my W-2 online? The easiest way to get a copy of your W-2 online is to ask your employer and/or payroll provider. Search your email account for "tax form is ready" or "tax form available for download" along with the name of the payroll provider.

Persons: —, haven't, Riley Adams, Sallie Mullins Thompson, hasn't, Adams, it's Organizations: Service, Social Security Administration, Internal Revenue Service, Employers, Social, IRS, Taxpayer Assistance Center, Chevron, Taxpayer Assistance Locations: Louisiana, New York, Chevron

☆ I was drowning in student-loan debt, so I bought a house and flipped it. I used the profit to pay off my loans.
▼ + stars: | 2023-10-22 | by ( Ryan Crawley | ) www.businessinsider.com time to read: +4 min

Since I couldn't pay down my debt, I bought a house, flipped it, and then sold it. I used the money I made to pay off all of my student loans, and now I feel free. Between rent, utilities, car insurance, and student loans, I was breaking even every month. I wondered how I could pay back my student loans within a few years instead of decades, and I started brainstorming ways I could save money. I immediately paid off all of my student loansWith the money from the sale, I brought my student-loan debt down to zero.

Persons: Sallie Mae, I'd, I'm Organizations: HGTV Locations: Lake Thunderbird , Illinois

☆ Opinion: Where the war goes from here
▼ + stars: | 2023-10-15 | by ( Richard Galant | ) edition.cnn.com time to read: +19 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. The war plays out on everyone’s screens, forcing people to confront cruelty and killing and to fear what comes next. “Hamas’ mission is, by definition, to end Israel, not to seek to establish a self-governed Palestinian state that peacefully coexists alongside the Jewish state. “An Israeli normalization deal with Saudi Arabia — the location of the two holiest sites in Islam — would be hugely symbolic and have real security benefits for Israel,” wrote Peter Bergen. “After all, almost exactly half a century ago, during the 1973 Yom Kippur War, two Arab states, Egypt and Syria, attacked Israel.

Persons: CNN —, ”, Jonathan Glover, Frida Ghitis, “, Ghitis, Amy Klein, goer Gal Katz, Gal Katz, that’s, ’ ” Katz, ” “, Yulie Ben Ami, ” Ben Ami, Stephanie Griffith, ’, … ”, Israel, Janine Zacharia, Benjamin Netanyahu’s, Ilan Troen's, Deborah, Shlomi Mathias, Ilan Troen S, Ilan Troen, Symon Petliura’s banditim, Troen, Deborah Mathias, Yahya Hassouna, Omar Ghraieb, Carrie Cordero, ” Cordero, Islam —, Peter Bergen, Jason Greenblatt, Trump, Fatah, Rachel Fish, ’ ” Fish, Kara Alaimo, McCarthy Drew Sheneman, Kevin McCarthy, Steve Scalise, Jim Jordan, Julian Zelizer, Jordan, John Boehner, James Antle III, McCarthy’s gavel, John Avlon, Clay Jones, Sallie Krawcheck, Sado, Robert F, Kennedy Jr, Joe Biden, “ Kennedy, ” Bergen, Kennedy, Jack Ohman, Jill Filipovic, Gavin Newsom’s, Sarah Gundle, Bob Saget’s, isn’t, Sara Stewart, Julia Ormond’s, Keldy Ortiz, Dr, Lara Freidenfelds, … Simone Biles Simone Biles, Yves Herman, Simone Biles, Amy Bass, ” Bass, “ Biles, Biles Organizations: CNN, Hamas, Ben, Gurion University, Brandeis University, Getty, “ Hamas, Foreign Intelligence, Israel, Twitter, Palestinian Authority, West Bank, Harvard University, Higher, Republicans, House Republicans, GOP, Federal Reserve, RFK Jr, Democratic, White, Republican, Biden, Trump, Democrat, Agency Locations: British, Rwanda, Bosnia, Israel, Gaza, New York, America, “, Kippur, Kibbutz Holit, Derazhne, Rovno, Rivne, Poland, Ukraine, Europe, Gaza City, AFP, Palestinian, Saudi Arabia, Israeli, Islam, Egypt, Syria, Iran, Victoria Sado, Antwerp, Tokyo, Belgium

☆ Should you apply early to college? It could affect your odds of acceptance but also your financial aid
▼ + stars: | 2023-10-02 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

Early decision, on the other hand, can "help leverage someone's admissions chances." Despite the possibility of improving your odds of acceptance, there are other factors to consider, especially when it comes to financial aid. For colleges, early decision is a win-winFor schools, offering students an option to apply early has clear advantages. In addition, getting a head start on the makeup of the freshman class helps admissions officers balance out enrollment needs with financial aid requests. (Some schools also offer another option, called Early Decision II, which is due in January.)

Persons: Eric Greenberg, Rick Castellano, Sallie Mae, — that's, Vasconcelos, Robert Franek, Greenberg, Franek, Jeff Greenberg, Louis Organizations: Greenberg Educational Group, Federal Student Aid, The Princeton, Greenberg Educational, Getty, Princeton, Emory University, Colgate University, Swarthmore College, Tulane University, Middlebury College, Washington University Locations: New York, St, Vermont

Our experts answer readers' student loan questions and write unbiased product reviews (here's how we assess student loans). Customer service is also available 24/7 for Navy Federal student loans, a perk unmatched by many similar companies in the industry. How Navy Federal student loans workNavy Federal offers both fixed-rate and variable-rate undergraduate and graduate loans. Warning: Go after federal student loan options before looking at private student loans, including a Navy Federal loan, as you'll get better terms and protections through the government. What options do I have to repay my Navy Federal student loans?

Persons: Mae, Sallie Mae, Q, You'll, you'll Organizations: Federal, Navy Federal Credit Union, Navy Federal, Federal Credit Union Discover Bank, FDIC, Discover, cosigners, Better, Bureau, BBB

Since the central bank kicked off its policy-tightening campaign in March 2022 — boosting interest rates 11 times — income investors have benefited from higher yields on Treasurys, money market funds and certificates of deposit. "From here, even if rates go higher you are locking in some really good income." If you're willing to sacrifice a little bit of liquidity, select banks will pay even higher yields. Drivers of those increases include higher-for-longer interest rates, and competition from Treasurys and money market funds, Graseck added. Money market funds Rates on money market funds have also jumped substantially since the rate-hiking campaign started.

Persons: Greg McBride, reinvest, US2Y, Treasurys, Sameer Samana, Sallie Mae, Morgan Stanley's Betsy Graseck, Graseck, — CNBC's Michael Bloom, Nick Wells Organizations: Federal Reserve, Fed, Treasury, Wells, Wells Fargo Investment Institute, Savings, Synchrony, Bread Financial, Investment Company Locations: maturities, Wells Fargo

☆ Too good to last? This bank cut its 5.5% one-year CD rate just weeks after hiking
▼ + stars: | 2023-09-01 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

Less than a month after hiking its 1-year certificate of deposit yield to 5.5%, SLM — or Sallie Mae — has cut its sweetened rate back down. The annual percentage yield on the bank's 1-year CD is now 5.1%, a 40 basis-point trim. At the time, the 5.5% rate made Sallie Mae's 1-year CD the most generous offered by the banks under Wells Fargo's coverage. That title now belongs to Bread Financial , which now pays a 5.5% yield on the instrument, and a 5.55% yield for customers who want to renew their 1-year CDs. Select banks have boosted deposit rates as the Federal Reserve has tightened its monetary policy since March 2022.

Persons: SLM —, Sallie Mae —, Sallie Mae's, Morgan Stanley, Betsy Graseck, Graseck, — CNBC's Michael Bloom Organizations: Federal Reserve Locations: Wells

Read our review Read Our Review A looong arrow, pointing rightThe Best CD RatesTop CD Rates by TermMany of the best CD rates are offered by credit unions right now. Market LeaderAlpena Alcona Area Credit Union (7-month term) paying 7.19% APYTo open a CD at Alpena Alcona Area Credit Union, you must qualify for membership. About the Best CD IssuersAlpena Alcona Area Credit Union 7-Month CDWhy it stands out: Alpena Alcona Area Credit Union has the highest CD rate available right now. Dow Credit Union Simple CDWhy it stands out: Dow Credit Union is a solid choice if you prioritize banking with a credit union. GTE Financial Credit Union Share CertificateWhy it stands out: GTE Financial Credit Union is a good option if you're searching for a 4-year share certificate.

Persons: we've, Alden B, Sallie Mae, Mae, they're, Landry, that’s, that's, Raisin, Mykail James, Roger Ma, it's, Tania Brown, Sophia Acevedo Organizations: Alliance Bank, Western Alliance Bank, Mint, FDIC, Chevron, Market, Credit Union, Union, Alpena Alcona, Dow Credit Union, DCU, NCUA, Dow Inc, Dow Corning Corporation, Employer Group, Dow Credit, Midland Center, Dow Museum of Science & Art, Midland Historical Society, Midland Country Club of Great, Virgin Islands, City National Bank of, Mae Bank, Reading Chevron, State Credit Union, Pelican State Credit Union, ARC Baton Rouge, Parents Association of Northwest Support, Federal Credit Union, Federal Credit, DC, U.S, Capital Historical Society, American Consumer Council, GTE Financial Credit, CUSavers, NCUA Department of Commerce Federal Credit Union, Commerce Federal Credit Union, Department of Commerce Federal Credit Union's, of Commerce Federal Credit Union, Department of Commerce Federal Credit, US Department of Commerce, NOAA, White House Management, Administration, American Consumer, Ponce Bank, Ponce, Credit, Midland Area Community Foundation, Pelican State Credit, Services, Parents, GTE Financial, GTE Financial Credit Union, GTE, of Commerce Federal Credit, Department of Commerce Federal Credit Union, Administration Office, Finance, Federal Reserve, Federal, Limelight, National Bank of America, Technology Credit, Barclays, NASA Federal Credit, Western Alliance, Banks, Citi, PNC Bank, of America, Chase Bank, Charles Schwab Bank, Wells Locations: Alpena Alcona, Michigan, Alpena, Midland , Michigan, Midland Country Club of Great Lakes, Florida, Somoa, Guam, Northern Mariana Islands, Chevron, City National Bank of Florida, NCUA, Louisiana, Rapise, St, Tammany Parish, Alexandria , Virginia, Washington, Washington ,, Maryland, Virgin, Pelican, Ponce

11 bank accounts paying 5.50% APY or moreOur list includes certificates of deposit and one high-yield savings account. The Betterment Cash Reserve Account account notably offers the best high-yield savings account rate right now. Forbright Bank 1 Year CD - 5.50% APYForbright Bank is an additional financial institution offering 5.50% APY on a 1-year CD. Limelight Bank 1 Year CD - 5.50% APYAnother online bank paying 5.50% APY on a 1-year CD is Limelight Bank, an online division of CCBank. Rising Bank 1 Year CD - 5.50% APYRising Bank, an online-only subsidiary of Midwest BankCentre, has a 1-year CD paying 5.50% APY.

Persons: you'll, Sallie Mae, Raisin Organizations: Connexus, Connexus Credit Union, Connexus Association, Connexus Credit, Dow Credit, Dow Credit Union, Midland Area Community Foundation, Dow, Virgin Islands, Sallie, Sallie Mae Bank, Federal, Federal Credit Union, Signature Federal Credit Union, American Consumer Council, Western Alliance Bank, Cash, Forbright, Limelight, Limelight Bank, CCBank, Popular, Rising, Bank, Products Locations: Florida , Puerto Rico, American Samoa, Guam, Northern Mariana Islands, Virgin, Midwest

☆ A Democratic lawmaker who voted to block Biden's broad student-loan forgiveness doubled down on his opposition and said borrowers can 'pay back their loans just like working class people'
▼ + stars: | 2023-08-18 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Rep. Jared Golden was one of just two Democrats who voted with the GOP to block Biden's student-debt relief in June. The Blue Dog Coalition, which Golden co-chairs, recently received a maximum contribution from student lender Sallie Mae. But Golden wrote in a statement on X, formerly Twitter, that Sallie Mae's contribution did not sway his beliefs on student-debt relief. The Education Department is currently in the process of finalizing a new student-debt relief plan using the Higher Education Act. Meanwhile, other Democratic lawmakers are continuing to push for relief for borrowers — especially with the student-loan payment pause ending in September.

Persons: Jared Golden, Sallie Mae, Joe Biden's, Golden, Biden, Sallie Mae's, Marie Gluesenkamp Perez, Mary Peltota, Gluesenkamp Perez, Rep, Summer Lee Organizations: GOP, Blue Dog Coalition, Service, Democratic, Golden, Marines, Education Department, Higher Locations: Wall, Silicon, Maine

☆ Few families pay the full price for college: Take these 3 steps to help cover rising higher education costs
▼ + stars: | 2023-08-17 | by ( Sharon Epperson | In Sharoneppersoncnbc | ) www.cnbc.com time to read: +5 min

The average sticker price for college, or published costs for tuition and fees, has been rising — but most families don't pay full price. Here are three strategies that can help you pay for college now and save for rising costs in the future. Last year, about 30% of parents used college savings plans such as 529 plans to pay for about $7,800 of college costs, on average, according to the Sallie Mae report. For families who remain concerned about making ends meet based on the financial aid award they've received, it is possible to ask the college financial aid office for more aid. If your circumstances are now different, that should be brought to the financial aid office's attention.

Persons: Sallie Mae, Adam Nguyen, Ivy Link, Roth IRAs, Ivy, Nguyen, Rob Franek, Mark Kantrowitz, they've, you've Organizations: College Board, Istock, Getty, Ivy, The Princeton, ACT, College

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