Elizabeth Guevara

3 weeks ago | investopedia.com | Elizabeth Guevara

KEY TAKEAWAYSThe majority of Americans are eager to take a summer vacation this year, even if they have to plan a cheaper trip to adjust for potential tariff-related inflation. Travel rates have continued to hit record highs after COVID-19 pandemic restrictions lifted years ago. In fact, travel is up by 19% since 2022, and about half of consumers say travel is more vital now than it was five years ago, according to a survey by Expedia Group.

3 weeks ago | investopedia.com | Elizabeth Guevara

KEY TAKEAWAYSIn an apparent change of course, the Department of Education said Tuesday that Social Security benefits will not be garnished for student loan borrowers who default. In a statement to Investopedia, Ellen Keast, a Department of Education spokesperson, said the department had not garnished any benefits issued by the federal government program that provides income to retired and disabled Americans since the resumption of student loan collections.

4 weeks ago | investopedia.com | Elizabeth Guevara

KEY TAKEAWAYSSome cities are better than others for recent graduates facing an uncertain job market and heightened rental costs, according to a recent report. It has been harder for recent graduates to find a job as business leaders are slow to hire amidst the uncertainty of President Donald Trump's tariffs. In addition, many graduates expect a much higher salary than they will likely get amid heightened costs, such as rent prices, which surged in the wake of the pandemic.

1 month ago | investopedia.com | Elizabeth Guevara

KEY TAKEAWAYSThe Department of Education is tightening protections on its Free Application for Federal Student Aid (FAFSA) applications after finding nearly $90 million in fraudulent and erroneous payments. The department said it found more than $30 million disbursed to deceased individuals and $56 million in improper Direct Student Loan and Pell Grant aid earlier in the year.

1 month ago | investopedia.com | Elizabeth Guevara

KEY TAKEAWAYSA proposed federal budget bill would expand exceptions for Americans who receive student loan forgiveness in some cases but close the door on the same treatment in others. The House of Representatives passed its proposed budget bill Thursday, advancing it to the Senate. The bill intends to reduce federal spending to make room for an expansion of President Donald Trump's tax cuts. The bill would increase taxes for many student loan borrowers.