Tag: university

How debt enters students’ lives as early as kindergarten

Hello and welcome back to MarketWatch’s Extra Credit column, a weekly look at the news through the lens of debt. This week we’re examining the...

Student-loan borrowers have had $37 million in wages unfairly garnished, despite COVID-related pause on collections

Borrowers were still having their wages seized over defaulted student debt, months after the government instructed the student-loan industry to pause this activity during the...

Why Americans will be paying for the cost of the war in Afghanistan for decades

Hello and welcome back to MarketWatch’s Extra Credit column, a weekly look at the news through the lens of debt. This week we’re talking about...

Biden administration to cancel $1.1 billion in student debt for some borrowers who attended ITT, the defunct for-profit college

Roughly 115,000 student loan borrowers who attended ITT Technical Institute but left without a degree will have their federal student loan debt cancelled, resulting in...

Back to school with the threat of the delta variant — some parents are again calling for remote learning

Last fall, as large school systems across the country announced they wouldn’t be bringing students back to school in person, parents worried about the impact...

Opinion: How to put your child tax credit to work for the future

Around the same time parents are pondering back-to-school plans, many will be receiving their first expanded child tax credit payment. This tax credit represents part of...

How college closures affect taxpayers and students: ‘You stole my money and I’m $188,000 in debt and for what?’

Hello and welcome back to MarketWatch’s Extra Credit column, a weekly look at the news through the lens of debt. This week, I wrote about the collapse...

Behold, a different kind of student-debt cancellation

For years, student advocates and some higher-education leaders have worried about the ways in which even small debts that students owe to their schools can...

Jalen Suggs’s decision to pass on a football scholarship could end up making him millions

Gonzaga star freshman Jalen Suggs banked in a shot from nearly half-court on Saturday to advance his team to the NCAA men’s National Championship game...

Why buying a condo for your college kid could be a smart financial move

Prices are booming in many residential real estate markets, including college towns. Is it too late to take advantage? Maybe not. The idea of buying...

I’m a 55-year-old single mom adopting a teenager. I have $550,000 in my retirement account, make $295,000 a year but would like to retire early. Can I?

I am a 55-year-old single woman with one 19-year-old child, and am a lawyer. My annual salary is $295,000. I own a home worth about...

My sister co-signed our nephew’s student loans for $35,000. When he defaulted, she paid them off. Should his parents repay her?

Dear Quentin, I am the executor of my mom’s estate. I have three siblings. My mom is going to equally divide her assets among the...

Extra Credit: How debt can mean a tax advantage for some and jail time for others

Hello and welcome back to Extra Credit, a weekly look at the news through the lens of debt!  This week we’re tackling the economic forces...

‘The language of consumer debt is rife with moral undertones’: Read MarketWatch’s new ‘Extra Credit’ column

Hello and welcome to Extra Credit, a weekly look at the news through the lens of consumer debt. Your monthly car or student-loan bill may...

What will you do with your enhanced Child Tax Credit? Invest in your child’s future with these 3 options

Some 39 million households, accounting for almost 90% of U.S. families, will receive the enhanced Child Tax Credit. The Internal Revenue Service will issue the...

Student-loan giant that manages Public Service Loan Forgiveness will stop servicing federal loans

The controversial organization that for years has been public servants’ main point of contact in accessing student-loan forgiveness will no longer be servicing federal student...

Biden administration cancels $500 million of student debt of scammed students

Roughly 18,000 borrowers who were scammed by their college will have their federal student loans discharged, amounting to approximately $500 million in relief, the Department...

Why inflation could create a ‘giant wealth transfer’ from lenders to borrowers

Higher prices for rental cars, airplane tickets and uncooked beef roasts have economists and consumers wondering whether we’re living through the start of an inflationary...

Tens of thousands of public servants face delays accessing student-loan relief — due to a simple oversight

In 2007, the government promised teachers, social workers and firefighters that if they worked in public service and made payments on their student loans for...

Tennessee Scientist Is First to Go on Trial on Charges He Hid Work in China

Until last year at the University of Tennessee, Anming Hu studied, among other things, how to join certain metals together using materials that are more...

I’m 49, my wife is 34, we have 4 kids and $2.3 million saved. I earn $300K a year but ‘lose a lot of sleep worrying about tomorrow’ — when can I retire?

I am 49 years old (turning 50 this year) and my wife is 34. We have two young children under the age of 2, and...

Amid bitcoin and dogecoin chaos, college students and graduates insist they’re going long on crypto

It’s not just Tesla CEO TSLA, -1.01% Elon Musk — the crypto correction is causing unease among college students and recent graduates. But if you’ve...

Do you have to pay taxes on withdrawals from 529 college-savings plans? Here’s how to avoid an unpleasant surprise

Are you among the many who have invested in a tax-favored Section 529 college savings plan for the benefit of a child or grandchild? If...

‘There’s just not that same social mobility’: First-generation college graduates still lag behind their peers financially

Like many newly minted college graduates, Toby Irenstein is preparing for her future.  Unlike many recent graduates, Irenstein, 21, can’t use her family experience as...

I’m 63 years old, recently divorced with $130,000 in debt. How will I ever retire?

I am 63 years old and recently divorced. I earn $68,000 a year and had always planned to retire when I reach my Full Retirement...