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Trump’s education boss reveals greedy truth behind Biden’s student loan forgiveness: ‘They have profited massively’

President Trump’s education boss Linda McMahon has defended the administration’s decision to resume student loan debt collections — insisting that greedy colleges have “profited massively” from Biden-era forgiveness measures. The Department of Education announced Monday it would start recouping federal student repayments…
Government News

April Consumer Chapter 7 Bankruptcy Filings Increase 16 Percent from Previous Year

NEW YORK/ALEXANDRIA, VA. – May 2, 2025 — The 30,961 individual chapter 7 filings in April 2025 represented a 16 percent increase over the 26,781 filings recorded in April 2024, according to data provided by Epiq AACER, the leading provider of U.S.…
Editorial News

Key Driver Transforming The Debt Collection Agencies Market 2025: Rising Consumer Debt Levels Fuel Growth In The Market

The Business Research Company’s Debt Collection Agencies Global Market Report 2025 – Market Size, Trends, And Global Forecast 2025-2034 LONDON, GREATER LONDON, UNITED KINGDOM, March 31, 2025 /EINPresswire.com/ — Get 20% off on Global Market Reports until March 31st! Use…
Bankruptcy News

Commercial Chapter 11 Bankruptcies Jump 20% in March Amid Broader Financial Strain

Commercial Chapter 11 bankruptcy filings rose 20% in March compared to the same month last year, increasing to 733 from 611, according to data from Epiq AACER, a leading provider of U.S. bankruptcy statistics. Total commercial bankruptcy filings also rose…
Educational News

Education Department’s Oversight Team Cuts: What It Means for Borrowers

On March 11, the United States Department of Education announced it was cutting nearly half its workforce, including staff from its Vendor and Program Oversight Group, which is responsible for overseeing federal student loan servicers.12 This could be bad news for student…
Government News

Federal Debt and the Statutory Limit, March 2025

The debt limit—commonly called the debt ceiling—is the maximum amount of debt that the Department of the Treasury can issue to the public or to other federal agencies. The amount is set by law and has been increased or suspended over the…
Editorial News

Landlords Have a New Hardball Tactic: Tanking Your Credit Score

Landlords are turning to a hardball tactic to go after their tenants in rent disputes: tanking their credit scores. When David Murray moved out of his St. Louis apartment two months early, he thought he had settled up by giving…
Bankruptcy News

Embattled EV maker Nikola files for Chapter 11 bankruptcy protection

DETROIT — Nikola Corp. — an auto startup that was once a favorite of Wall Street analysts and retail investors — filed for bankruptcy protection after failing to secure a buyer or raise additional funds to maintain operations. Nikola said Wednesday that…
Legal News

Mortgage rates drop to lowest since mid-December, but demand still falls short

Mortgage interest rates dropped again last week, hitting the lowest level in two months, but demand for mortgages didn’t respond. Total mortgage application volume fell 1.2% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The…
Educational News

Trump administration removes student loan repayment applications from Education Department website

The Trump administration has taken down the applications for popular student loan repayment plans from the U.S. Department of Education’s website, leaving millions of borrowers with fewer options for now. Borrowers are unable to access the applications for income-driven repayment, or IDR, plans,…