Biden Announces $6.1 Billion In Loan Forgiveness For Art Institute Students
The Biden Administration announced $6.1 billion in loan forgiveness for 317,000 borrowers who attended the Art Institutes.
Department Of Education Completes FAFSA Reprocessing
The Department of Education has completed FAFSA reprocessing to fix major errors, but applications still lag previous years.
Betterment Raises Fees For New Premium Investors
Betterment announced that it will be raising the fee structure of their Premium plan going forward, to 0.65% AUM.
President Biden Proposes Historic Increase In Capital Gains Tax
President Biden has proposed raising the top capital gains tax bracket to 44.6%, the highest amount in 100 years.
Betterment Acquires Marcus Invest From Goldman Sachs
Betterment announced that it would acquire the investment accounts from Marcus Invest, allowing Goldman Sachs to focus exclusively on banking.
Ascensus To Acquire Vanguard’s Small Business Retirement Plans
Ascensus will acquire Vanguard’s small business retirement plans, including their Solo 401k plans, SIMPLE IRAs, and multi-person SEP-IRAs.
Student Loan Forgiveness Expands To California Docs
California and Texas doctors are now eligible for Public Service Loan Forgiveness as long as they meet certain requirements, some which expire this month.
Student Loan Forgiveness Deadline Approaches For 8 Million Borrowers
Student loan borrowers with FFEL loans need to consolidate their loans by April 30, 2024 or risk losing the one-time count adjustment and potential loan forgiveness.
Department Of Education Set To Manage PSLF Program Directly
The Department of Education announced that it will begin directly managing the PSLF loan forgiveness program starting May 1, 2024.
Lawsuit Against SAVE Student Loan Forgiveness Likely To Fail
The new Republican-led lawsuit against SAVE student loan forgiveness will likely fail for several key reasons.
Income-Driven Repayment Plan Recertification Pause Extended
The income-driven repayment plan recertification pause has been extended until at least September 2024.