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☆ Watch CNBC’s full interview with Solus’ Dan Greenhaus, Big Technology’s Alex Kantrowitz and Evercore ISI's Mark Mahaney
▼ + stars: | 2023-10-26 | 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 EmailWatch CNBC’s full interview with Solus’ Dan Greenhaus, Big Technology’s Alex Kantrowitz and Evercore ISI's Mark MahaneyMark Mahaney, Evercore ISI head of internet research, Dan Greenhaus, Solus Alternative Asset Management chief strategist, and Alex Kantrowitz, Big Technology founder, join 'Closing Bell' to discuss the market reaction to tech earnings and outlook for the rest of 2023.

Persons: Solus ’ Dan Greenhaus, Big, Alex Kantrowitz, Mark Mahaney Mark Mahaney, Dan Greenhaus Organizations: Asset Management, Big Technology

☆ Here's what student loan borrowers need to know about the 12-month 'on-ramp' period
▼ + stars: | 2023-10-19 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

Borrowers do not need to enroll in the on-ramp period, the U.S. Department of Education says. Loans that don't qualify include private student loans and commercially held Federal Family Education Loans. Forgoing payments or making only partial payments during the on-ramp period means you'll likely have a larger bill in a year. For that reason, Scott Buchanan, executive director of the Student Loan Servicing Alliance, a trade group for federal student loan servicers, said he hoped borrowers weren't thinking this is just another payment pause. If you can afford to make your student loan payments, most experts recommend that you do so to avoid ending up with a larger bill when the on-ramp period ends.

Persons: they'll, Scott Buchanan, servicers, Buchanan, didn't, Mark Kantrowitz, Joe Biden's, Braxton Brewington, Biden Organizations: U.S . Department of Education, Family, Student Loan, Alliance, CNBC, Department of Education, Supreme

☆ Tesla and Netflix earnings: Here's what to expect
▼ + stars: | 2023-10-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla and Netflix earnings: Here's what to expectDan Ives, Wedbush analyst, Alex Kantrowitz, Big Technology founder, and Jason Snipe, founder & CIO at Odyssey Capital Advisors, join 'Closing Bell' to discuss Netflix and Tesla as both companies report their earnings after the bell.

Persons: Dan Ives, Alex Kantrowitz, Jason Snipe, Tesla Organizations: Netflix, Big Technology, Odyssey Capital Advisors

☆ Tesla and Netflix Q3 earnings: What to expect
▼ + stars: | 2023-10-18 | 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 EmailTesla and Netflix Q3 earnings: What to expectDan Ives, Wedbush analyst, Alex Kantrowitz, Big Technology founder, and Jason Snipe, founder & CIO at Odyssey Capital Advisors, join 'Closing Bell' to discuss Netflix and Tesla as both companies report their earnings after the bell.

Persons: Dan Ives, Alex Kantrowitz, Jason Snipe, Tesla Organizations: Netflix, Big Technology, Odyssey Capital Advisors

☆ These 5 groups of borrowers could still get student loan forgiveness under Biden's 'Plan B'
▼ + stars: | 2023-10-18 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Nearly 40 million Americans stood to benefit from President Joe Biden's original student loan forgiveness plan, which the Supreme Court ultimately blocked over the summer. Though the Biden administration is now trying to cancel education debt another way, experts have warned that borrowers should temper their expectations. Given the legal challenges of passing sweeping debt forgiveness, they say the president's Plan B for relief is likely to be narrower in its reach. More from Personal Finance:Workers rights amid a 'summer of strikes'Couples leverage 'something borrowed' to cut wedding costs'Soft landing, no recession,' Bank of America predictsIndeed, Kantrowitz estimates that less than 10% of federal student loan borrowers will qualify this round. On the campaign trail, Biden promised to cancel at least $10,000 of student debt per person.

Persons: Joe Biden, Education Secretary Miguel Cardona, Joe Biden's, Biden, Mark Kantrowitz, Astra Taylor Organizations: Education Secretary, White, Washington , D.C, Finance, Workers, Bank of America, U.S . Department of Education, Consumer, CNBC Locations: Washington ,

☆ Charlie Javice, who faces charges after JP Morgan said she defrauded them out of $175 million, says US prosecutors are using 'cherry-picked' evidence to help their case
▼ + stars: | 2023-10-15 | by ( Katie Hawkinson | Jack Newsham | ) www.businessinsider.com time to read: +3 min

Charlie Javice says JP Morgan is withholding thousands of documents that could help her case. Javice is facing federal charges after JP Morgan claimed she defrauded them out of $175 million. Now, the 31-year-old claims JP Morgan has failed to produce "likely thousands" of documents that could help her defense. In April, the federal prosecutors charged Javice with making false claims and submitting false data to JP Morgan after the bank acquired Frank for $175 million. AdvertisementAdvertisementProsecutors said Javice lied to JP Morgan about the number of people relying on her company.

Persons: Charlie Javice, Morgan, Javice, JP Morgan, —, Frank, Slack, Damian Williams, Prosecutors, Mark Kantrowitz, Kantrowitz Organizations: Service, Department of Justice, JP, Federal Student Aid, Justice

☆ One of the most accurate Wall Street strategists in 2022 shares 3 reasons a recession is still on the way — putting stocks in danger of a significant pullback
▼ + stars: | 2023-10-14 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

In a recent note to clients, Kantrowitz highlighted unemployment claims data leading up to the Great Recession. But looking at the revised data, a clearer trend starts in September of 2007, he said. Looking at prior yield curve inversions, it's taken more than 12 months for jobless claims to start to meaningfully trend upward. Piper SandlerAnother indicator that tells Kantrowitz that jobless claims are going to start increase is — interestingly enough — furniture sales. For example, Bank of America and JPMorgan strategists both walked back their 2023 recession calls earlier this year.

Persons: Michael Kantrowitz, Piper Sandler, it's, Kantrowitz, there's, he's, Jeremy Grantham, Gary Shilling Organizations: Wall Street, The Conference Board, RBC, Bank of America, JPMorgan

☆ Student loan borrowers hit snags as payments resume: 'It's a challenging environment,' head of loan servicer group says
▼ + stars: | 2023-10-13 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

"These student loan borrowers had the reasonable expectation and belief that they would not have to make additional payments on their federal student loans," said Education Department Undersecretary James Kvaal said in a court filing last year. Former President Donald Trump first announced the stay on federal student loan bills and the accrual of interest in March 2020, when the coronavirus pandemic hit the U.S. and crippled the economy. New SAVE payment plan leads to billing errorsTo ease the transition for borrowers, the Biden administration worked quickly to implement a new payment plan option, which it describes as the "most affordable repayment plan ever." Yet many borrowers who've signed up for the Saving on a Valuable Education, or SAVE, plan, complain they've gotten incorrect bills. According to Kantrowitz, student loan servicers seem, in some cases, to be using the 2022 poverty line to calculate borrowers' payments instead of the current 2023 figure.

Persons: Joe Biden's, James Kvaal, Kvaal, Donald Trump, Biden, who've, they've, Mark Kantrowitz, he's, Kantrowitz, servicers, Ella Azoulay, Buchanan Organizations: Creatas, Getty, U.S . Department, Valuable Education, U.S . Department of Education Locations: U.S

☆ Big Technology founder Alex Kantrowitz explains why FTC faces an uphill battle against Amazon
▼ + stars: | 2023-10-12 | 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 EmailBig Technology founder Alex Kantrowitz explains why FTC faces an uphill battle against AmazonAlex Kantrowitz, Big Technology founder, joins 'Squawk Box' to discuss the latest developments in FTC's antitrust lawsuit against Amazon, why he believes the FTC faces an uphill battle with limited funding and thin staff, and more.

Persons: Alex Kantrowitz, Amazon Alex Kantrowitz Organizations: Big Technology, Amazon

☆ Goldman Sachs says home prices are now more unaffordable for the average buyer than they were during the 2008 housing bubble. Here are the 2 things they say would have to happen for home prices to cra
▼ + stars: | 2023-10-12 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

It's even tougher to buy a home right now than it was during the peak of the mid-2000s housing bubble. For one, the labor market remains very strong, meaning demand will be supported — if people still have jobs, they still have money coming in to save for a home. Goldman SachsIn the Great Recession, rising unemployment hurt housing demand, bringing down home prices. Another reason Karoui thinks things are different today is what's happened in the adjustable-rate mortgage market. During the Great Recession, for example, unemployment stayed around current levels for several more months following Treasury yield curve inversion before rising meaningfully.

Persons: Goldman Sachs, Lotfi Karoui, Karoui, Goldman, Jan Hatzius, Piper, Michael Kantrowitz Organizations: Wall, Conference, Equity

Our experts answer readers' student loan questions and write unbiased product reviews (here's how we assess student loans). AdvertisementAdvertisementAs of October 2023, student loans payments are back, but there are options if you can't afford them. As of October 2023, monthly payments are once again due on federal student loans after being paused since March 2020. Fortunately, there are solutions for people who can't afford student loan payments now. Borrowers who don't want to pay the payment on a standard 10-year repayment plan should look into income-driven repayment plans (including Biden's new SAVE repayment plan).

Persons: —, Jared Costigan, Costigan, Robert Farrington, Farrington, Danny Cieniewicz, you'll, Kantrowitz, Ben Markley Organizations: Service, White, The College Investor, Hyperion, Public, More College Financial

☆ Biden cancels $9 billion in student debt for 125,000 borrowers
▼ + stars: | 2023-10-04 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

President Joe Biden announced Wednesday that he approved $9 billion in student loan forgiveness for 125,000 Americans. "Biden has forgiven more student loan debt than any previous president," said higher education expert Mark Kantrowitz. Federal student loan payments resumed Oct. 1 after being on pause for more than three years. Before the Supreme Court verdict, Education Department Undersecretary James Kvaal had warned that if the administration was unable to deliver on Biden's sweeping student loan forgiveness plan, delinquency and default rates could skyrocket. More recently, the Consumer Financial Protection Bureau estimated that 1 in 5 student loan borrowers could struggle with the resumption of payments.

Persons: who've, Joe Biden, Biden, Mark Kantrowitz, Taylor Swift, he'd, Astra Taylor, Taylor, James Kvaal Organizations: Public, Finance, Biden, Department, Education, Federal, Consumer Financial, Bureau

White non-Hispanic families in the U.S. have a median wealth of $188,200, compared with $36,100 for Hispanic families, according to data analyzed by the Brookings Institution. In 2016, about half of Hispanic families weren't able to contribute anything to the costs of their children's higher education, UnidosUS, an advocacy organization, found. Overall, Latinos borrow less than their white peers to pay for college, but "they face challenges repaying student loans when they do borrow," said higher education expert Mark Kantrowitz. Most Latinos at institutions of higher education are the first in their families to go to college. Elizabeth Zamudio vice president of education at UnidosUS

Persons: Ana Paula Cortes, David Ferreira, Inequity, Cortes, Elizabeth Zamudio, Mark Kantrowitz Organizations: Center for, Brookings Institution, UnidosUS, Gallup Locations: Mexico, U.S

☆ A 32-year market vet warns a recession is still on the way as the Fed's jumbo rate hikes continue to work their way into the economy — and shares 3 reasons why stocks are overvalued by 35%
▼ + stars: | 2023-09-30 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

The hikes scared investors into thinking a recession would be on the way. But today, the labor market remains strong and inflation is under 4%, prompting rosier outlooks about the fate of the US economy. Rate hikes take time to work their way into the economy. But their main adversary going forward is going to be the Fed, with inflation still elevated. The Consumer Price Index is at 3.7% year-over-year, and core inflation, which the Fed watches closely, is even higher at 4.3%.

Persons: Michael Pento, Piper Sandler, Pento, Louis, LEI, Greg Boutle, Morgan Stanley's Mike Wilson, Piper Sandler's Michael Kantrowitz, Jeremy Grantham, Merrill Lynch, Gary Shilling, Jerome Powell Organizations: Federal Reserve, Federal Reserve Bank of St, National Federation of Independent Businesses, Conference, Stock, Robeco, Nasdaq, BNP, Fed

☆ The federal government could shut down just as student loan payments restart. What that means for borrowers
▼ + stars: | 2023-09-26 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

But even with the lights mostly off at the Education Department, the student lending machine should keep chugging along. watch now"There should be minimal disruption of student loans, since the process is mostly managed by student loan servicers and other contractors," Kantrowitz said. In other words, your student loan servicer can handle the collecting and processing of your payment each month without help from the Education Department. Because most federal student loans are paid for with mandatary funding, new borrowers also shouldn't face any disruptions if there's a government shutdown. During a shutdown, borrowers could run into delays trying to apply for their final loan forgiveness.

Persons: Kevin Dietsch, Kantrowitz, servicer Organizations: U.S, Supreme, Getty, U.S . Department of Education, Education Department, Department, Public Locations: Washington

☆ Some student loan borrowers have extra time before payments restart. Here's why
▼ + stars: | 2023-09-21 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

Many people made their usual student loan payment in March 2020, before former president Donald Trump first announced the pause on federal student loan bills and interest accrual, he explained. Depending on when their loan servicer received those funds, it may have been considered an extra payment that has now pushed back their due date. You can contact your loan servicer or log in to StudentAid.gov to learn your exact due date, said higher education expert Mark Kantrowitz. The typical federal student loan bill is $350 a month. If you were enrolled in the standard 10-year repayment plan prior to Covid and still are, your monthly payment should not have changed.

Persons: Buchanan, Donald Trump, servicer, Mark Kantrowitz, they're, Kantrowitz, Grace Locations: StudentAid.gov

☆ Withheld transcripts, kicked off campus: College payment plans pose risks, consumer watchdog warns
▼ + stars: | 2023-09-15 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

However, a new report by the Consumer Financial Protection Bureau warns of a number of risks associated with these payment plans, including snowballing charges and aggressive collection practices. Nearly 4 million students use payment plansNearly all colleges offer some sort of tuition payment plan, the CFPB found. Under the plans, tuition and other education expenses are typically spread out into several payments over a semester or academic year. Most college payment plans are interest-free, but there can be enrollment fees and other charges involved, the CFPB found. "If the family misses a payment, some tuition payment plans may be converted into private student loans with unfavorable terms," he said.

Persons: Rohit Chopra, they're, Elaine Rubin, Rubin, Mark Kantrowitz, delinquencies Organizations: Istock, Consumer Financial, Finance, Money, Homeowners Locations: Edvisors

☆ Apple's lofty valuation justifies its recent pullback, says Alex Kantrowitz
▼ + stars: | 2023-09-08 | 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 EmailApple's lofty valuation justifies its recent pullback, says Alex KantrowitzAlex Kantrowitz, Big Technology Founder, discusses Apple's recent stock slide and what it means for next week's iPhone 15 launch.

Persons: Alex Kantrowitz Alex Kantrowitz Organizations: Big Technology

☆ Student loan interest resumes. Here’s what borrowers need to know
▼ + stars: | 2023-09-05 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Undergraduate subsidized student loans should not start racking up interest until after you've graduated and finished your six-month grace period. watch nowThe interest on undergraduate subsidized loans is usually suspended while you pursue more schooling. You can contact your loan servicer or visit StudentAid.gov to learn your loan type, said Betsy Mayotte, president of The Institute of Student Loan Advisors, a nonprofit2. Recent graduatesMost graduates get a so-called grace period after they've finished school before they need to start making their student loan payments. If you're unemployed when student loan payments resume, you can request an unemployment deferment with your servicer.

Persons: Drazen Zigic, Kantrowitz, you've, they've, Betsy Mayotte Organizations: Istock, Getty, The, Student Loan Advisors

☆ Student loan interest resumes today — what that means for borrowers
▼ + stars: | 2023-09-01 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

The interest rates on federal student loans are fixed once disbursed, but vary depending on when they're taken out. "Millions of federal student loan borrowers are starting to adjust to the reality of having to figure out how to bake their student loan payments into their budget once again," said Betsy Mayotte, president of The Institute of Student Loan Advisors, a nonprofit. The typical monthly student loan bill is around $350. As a result of the policy, the average borrower likely saved around $15,000 in student loan payments during the pause, including around $5,000 in interest charges. Student loan borrowers can check their interest rate at Studentaid.gov or with their servicer.

Persons: they're, Betsy Mayotte, Mark Kantrowitz Organizations: The, Student Loan Advisors, Finance

☆ Student loan payments restart in October — here are changes borrowers can expect
▼ + stars: | 2023-08-31 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

A new servicer, for someMillions of federal student loan borrowers will have a different servicer when payments resume in October. Impacted borrowers should get emails about the change, said Scott Buchanan, executive director of the Student Loan Servicing Alliance, a trade group for federal student loan servicers. Borrowers previously with FedLoan should be transferred to MOHELA, or the Missouri Higher Education Loan Authority, he said. Another repayment optionFederal student loan borrowers can now sign up for the Biden administration's new loan repayment plan, and they could be enrolled in it by the time the bills resume. If your student loan servicer can't process your application for the SAVE plan by the time payments resume, it should place you in a temporary forbearance.

Persons: Julia Amaral, they'll, Granite State —, Scott Buchanan, Buchanan, FAFSA, Mark Kantrowitz, Kantrowitz, servicer, Biden, they're, Joe Biden Organizations: Istock, Pennsylvania Higher Education Assistance Agency, Student Loan, Alliance, Finance, Missouri Higher Education Loan Authority, EdFinancial Services, Lakes Higher, Federal Services, Biden, Valuable Education, Public, Education Department Locations: That's, Pennsylvania, Granite State, MOHELA, Missouri, StudentAid.gov

☆ It should be easier now for student borrowers to apply for public service loan forgiveness. Here's why
▼ + stars: | 2023-08-28 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Drazen Zigic | Istock | Getty ImagesNavigating the Public Service Loan Forgiveness Program has been famously difficult. Fortunately, student loan borrowers may find that the process is getting a little easier. watch nowOnce the process is complete, the form should automatically be delivered to the Missouri Higher Education Loan Authority (MOHELA). That's the student loan servicer that currently handles PSLF borrowers (previously FedLoan did so). Try to fill out this form at least once a year, Kantrowitz added, and keep records of your confirmed qualifying payments.

Persons: Drazen Zigic, Mark Kantrowitz, George W, Bush, you've, servicer, Kantrowitz Organizations: Istock, Getty, Public, U.S . Department of Education, Consumer Financial, Bureau, Missouri Higher Education Loan Authority, Education Department Locations: Missouri

☆ Massachusetts health-care workers can get up to $300,000 in student loan forgiveness
▼ + stars: | 2023-08-23 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

The Massachusetts Executive Office of Health and Human Services announced this week that it would be awarding about $140 million in student loan relief to more than 2,900 workers in the state. The aid comes from the MA Repay Program, which the state launched last November to provide financial support to health-care workers, including psychiatrists, psychologists, nurses and social workers. The student loan awards range between $12,500 and $300,000 per borrower. The Massachusetts program is one of the many state efforts to reduce people's education debt burden. "There are many other opportunities for loan forgiveness that often go unknown because there is no global database of all student loan forgiveness options," said higher education expert Mark Kantrowitz.

Persons: Maura Healey, Joe Biden's, Mark Kantrowitz Organizations: of Health, Human Services, Finance, U.S, Supreme Locations: Massachusetts

☆ Wall Street is declaring victory too early — the US is still headed for a recession
▼ + stars: | 2023-08-22 | by ( William Edwards | ) www.businessinsider.com time to read: +11 min

In theory, these higher interest rates push down demand and slow inflation by forcing companies to cut prices to attract stretched-thin customers. And Americans have been spending right through the higher interest rates: Personal consumption expenditures and retail sales numbers have continued to forge upward. But eventually, this attitude will wane as people realize that the higher rates aren't a flash in the pan. The Treasury yield curve measures the different interest rates that are paid out on various bonds issued by the US government. It's the same story every time, both Kantrowitz and Rosenberg say: Investors are bad at pricing in a recession before it unfolds.

Persons: Michael Kantrowitz, Piper Sandler, Milton Friedman, Bob Doll, Doll, David Rosenberg, Rosenberg, Tom Essaye, Essaye, Granger, Kantrowitz, Jerome Powell, William Edwards Organizations: Philadelphia Fed, Bank of America, JPMorgan, Consumer, Crossmark Global Investments, BlackRock, Silicon Valley Bank, Rosenberg Research, Fed, Auto, Wall, CPI, Institute for Supply Management's, Treasury, Royal Bank of Canada Locations: Silicon, YOLO

☆ When student loan payments restart, many borrowers may have a different servicer
▼ + stars: | 2023-08-21 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

Mementojpeg | Moment | Getty ImagesLook out for notices about the changeScott Buchanan, executive director of the Student Loan Servicing Alliance, a trade group for federal student loan servicers, said impacted borrowers should get emails about the change. Higher education expert Mark Kantrowitz has been tracking the transfers. Borrowers previously with FedLoan should be transferred to MOHELA, or the Missouri Higher Education Loan Authority, he said. Accounts with Great Lakes Higher Education, Kantrowitz said, should be managed by Nelnet going forward. Also, Kantrowitz said, "whenever there is a change of loan servicer, there can be problems transferring borrower data."

Persons: Scott Buchanan, servicers, Buchanan, Mark Kantrowitz, Kantrowitz, You'll Organizations: Student Loan, Alliance, Missouri Higher Education Loan Authority, EdFinancial Services, Lakes Higher, Federal Services Locations: MOHELA, Missouri, Granite State, StudentAid.gov

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