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Friday, jun 19
Tag:
Student Loans
News
CT Woman's $1M Jackpot Is Biggest In ‘Wheel of Fortune' History: Watch The Moment
A Connecticut woman just spun her way into television history. Stamford's Christina Derevjanik walked away with $1,035,155 on “Wheel of Fortune” Tuesday night, Sept. 30. It was the largest prize in the game show’s 50-year history. The marketing manager had already pocketed $35,155 in cash and trips to Montana and Japan before advancing to the bonus round. Christina Derevjanik celebrates with host Ryan Seacrest after solving a $1 million puzzle on "Wheel of Fortune" Tuesday night, Sept. 30. Wheel Of Fortune The final puzzle clue was "Living Things," and Derevjanik correctly guesse…
Business
Grocery Bills Causing Major Stress For Most Americans As Food Costs Rise: Poll
Most Americans say grocery prices are now a top source of stress, as inflation and President Donald Trump's tariffs drive up the cost of many everyday essentials, a new poll shows. About 86% said the cost of groceries is a "major" or "minor" source of stress in their lives, according to a national survey from the Associated Press-NORC Center for Public Affairs Research. More than half (53%) said supermarket prices were a major stressor, while just 14% said that groceries aren't a source of stress. Pollsters also found that two-thirds of households earning under $30,…
News
Supreme Court Green-Lights Trump Plan To Gut Education Department
The Supreme Court has just swept aside a lower-court injunction and handed President Donald Trump permission to restart mass layoffs at the US Department of Education, reviving his promise to dismantle the agency created nearly half a century ago. In an unsigned, 6-3 order divided along ideological lines that was released late Monday afternoon, July 14, the justices lifted a spring ruling by US District Judge Myong Joun of Massachusetts that had forced the administration to rehire hundreds of Education Department employees terminated during a March reduction-in-force. Earlier report…
Business
Student Loan Defaults Loom For Millions As Trump Administration Resumes Debt Collections
Millions of federal student loan borrowers are weeks away from default as serious delinquencies surge to record highs after the Trump administration resumed debt collections, economists say. Nearly one-third (31%) of federal borrowers with a payment due were at least 90 days late in April, according to a new report from TransUnion released on Tuesday, June 24. That's nearly triple the pre-pandemic rate of 11.7% and the highest figure on record. Just 0.3% of borrowers were in default by April, but with nearly 5.8 million now more than 90 days late, many are on the brink of defaulti…
Schools
Millions To Have Paychecks Garnished As Federal Student Loan Collections Restart
Millions of Americans may soon have their wages garnished as the Trump administration resumes student loan collections paused since the start of the COVID-19 pandemic. About 5.3 million borrowers are set to receive wage garnishment notices in the summer of 2025, according to the Department of Education. The federal government officially restarted student loan debt collections on Monday, May 5. Nearly 195,000 borrowers began receiving 30-day warning letters from the Treasury Department. Their Social Security or other federal benefits will be seized through the Treasury Offset …
News
Trump Administration To Resume Student Loan Debt Collections, Millions Face Seized Paychecks
The Trump administration will begin seizing tax refunds and garnishing paychecks from millions of Americans in default on their student loans for the first time in five years. The Department of Education announced it will restart collections on its defaulted student loan portfolio on Monday, May 5. The agency said about 42.7 million people owe more than $1.6 trillion in student loan debt. About five million borrowers are already in default, with millions more in late-stage delinquency. "American taxpayers will no longer be forced to serve as collateral for irresponsible student loan p…
News
$1 Billion In Refunds Haven't Been Claimed, IRS Says: Here's Who's Eligible
More than 1.1 million Americans are owed a share of over $1 billion in unclaimed tax refunds, but time is running out to collect, the Internal Revenue Service (IRS) has announced. Taxpayers have until Tuesday, April 15, to file their returns and claim their refunds before the money is forfeited to the US Treasury. The IRS estimates that the median refund is $781, meaning half of the refunds are higher and half are lower. Who’s Eligible? Many of those who haven't filed may be due more than just their refund. The IRS warns that low- and moderate-income taxpayers could also be missing out on …
News
$1M Lottery Winner: Stop For Bottle Of Water Helps Mass Man Land Lottery Jackpot
A Massachusetts man is a lot richer after he decided to stop to buy a bottle of water recently and snagged a scratch-off ticket along with it. The ticket was worth $1 million. Kyle Laffin, of Hanover, won the seven-figure jackpot playing the $20 “$10,000,000 Premier Cash” scratch-off game. He chose to take the lump sum payment of $650,000 (before taxes) rather than the annuity. Laffin said he plans to use the money to pay off his student loans. He bought the ticket at Hingham Gulf at 19 Whiting St. in Hingham. The store will receive a $10,000 bonus for th…
News
Trump Built a National Debt So Big - Before
Covid-
19 - It’ll Weigh Down The Economy For Years
The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the pandemic, and he oversaw the third-biggest deficit increase of any president. One of President Donald Trump’s lesser-known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt, Propublica reported. The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much …
Business
$10,000 To Move To WesternMass? 8 US Places That Will Pay You To Relocate
How much would Massachusetts have to pay you to move to Western Massachusetts? It’s a question being asked on Beacon Hill now as area politicians push for legislation that would provide a stipend to people who move to the more rural part of the state. State Rep. Eric Lesser (D-Longmeadow) has proposed a bill that would pay people up to $10,000 to move to Western Massachusetts. The money is meant to cover relocation expenses. First proposed in 2019, the bill has seen new attention this fall as talk of a proposed east-west commuter train has heated up. Western Massachusetts is not the f…
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