195,000 Student Loan Borrowers Face Federal Benefit Seizures Starting in June
Roughly 195,000 Americans who have defaulted on their federal student loans are at risk of having their federal benefits—such as Social Security and tax refunds—seized starting in June 2025. The Education Department confirmed the action as part of its plan to resume full-scale collections after a five-year pause triggered by the COVID-19 pandemic. Borrowers who […]
More Student Loan Borrowers Falling Behind—Even Those with Strong Credit
A growing number of U.S. student loan borrowers are falling behind on their payments, and it’s not just those with poor credit. According to a recent report by credit bureau TransUnion, even borrowers with prime credit scores—typically considered financially stable—are missing payments at unprecedented rates. The data shows that 20.5% of student loans are at […]
MSU Faces Financial Crossroads: Budget Cuts and Rising Costs Prompt Major Review
Michigan State University (MSU) is preparing for significant financial adjustments in response to ongoing budgetary challenges and shifts in federal funding. In a letter to the university community on May 5, 2025, MSU President Kevin Guskiewicz announced that the institution has reached the “difficult conclusion” that it must adjust its financial path. He cited changes […]
Colorado May Soon Require Personal Finance Class for High School Graduation
Colorado lawmakers are advancing a bipartisan bill that would require high school students to complete a semester-long personal finance course to graduate. House Bill 25-1192 aims to equip students with essential financial skills, such as budgeting, understanding credit, and managing loans. If enacted, the requirement would apply to students entering ninth grade on or after […]
Child Care Costs in New Mexico Now Higher Than College Tuition, Impacting Education
The cost of child care in New Mexico has reached an alarming level, surpassing in-state college tuition and creating challenges for families and the education system. According to a report from the Economic Policy Institute (EPI), the average cost of infant care in New Mexico is $14,000 per year—or about $1,167 per month. This is […]
