Images by GettyImages; Illustration by Bankrate About 200 days into the Trump Administration, leadership at both the White House and the Department of Education have attempted to reshape higher education, including how we repay the debt borrowed for it. And only once did they have to rely on student loan-related…
Images by GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Lenders calculate how much interest you’ll pay with each payment in two main ways: simple or on an amortization schedule. Short-term loans often have simple interest. Larger loans, like mortgages, personal loans and most auto loans, have an amortization schedule. The…
Morsa Images/Getty Images Robo-advisors are a great option for investors who are looking to automate the investment management process at a cost below that of traditional financial advisors. Fortunately, there are robo-advisors that offer the best of both worlds, including some that offer access to certified financial planners (CFPs). Here’s…
South_agency/Getty Images One of the most common and best pieces of investment advice is to invest in a low-cost S&P 500 index fund. These funds allow investors to participate in the long-term growth of the economy by purchasing a diversified basket of stocks at a low cost. But recently some…
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New York startup Casap has raised $25 million in new funding to help banks tackle the thorny problem of credit…
Many people in economics, finance, business, and regular consumer life have been waiting for the forecast inflation, the tariff shock,…
President Trump’s 2026 budget would freeze spending for many services for older adults, deeply cut others, continue his efforts to…
The Trump administration is clamping down on federal student loan defaults; at the same time, Republican lawmakers in Congress just…
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Traditionally, when a homeowner hired a real estate agent to handle the sale of their property, they agreed to pay that agent, as well as their eventual buyer’s agent, a commission. This fee typically amounted to between 5 and 6 percent of the home’s selling…
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Key takeaways It may be difficult to obtain a new loan after you enter a debt management plan, especially if you have recently…
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OBSERVATIONS FROM THE FINTECH SNARK TANK In 2022, President Biden signed an executive order directing the government to develop a framework for digital…
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Key takeaways Diminished value is the difference between your car’s value before an accident and after, even if it’s repaired. Filing for a diminished claim may help you earn back some of your car’s lost market value after an accident. You’re unlikely to be successful in a diminished value claim…
Key takeaways Providing false information on your personal loan application can lead to serious financial and legal consequences. Fill out your personal loan application with the most accurate and truthful information possible. If you don’t qualify for a personal loan without lying, work to improve your finances instead of borrowing.…
Key takeaways Fast business loans are usually available through online lenders that can approve and fund loans within one to two days. Expect shorter repayment periods and potentially higher rates and fees than traditional business loan options. Fast business loans typically have more lenient eligibility criteria than traditional loans from…
The phrase “cheap beach vacations” might make you a little nervous. It can bring up images of questionable hotels or camping in the back of a van and trying to convince your family the ocean breeze is “natural air conditioning.” But here’s the deal: Cheap beaches to visit don’t have…
Option trading can deliver tremendous profits, but the flip side of those gains is the potential for tremendous losses, since option trading is a zero-sum game. Those who are just getting started with options need to be particularly careful, because option strategies can be complex. Options offer what often looks like…
Buying a new car is quite the adrenaline rush. But the second you drive your shiny new vehicle off the lot, it’s like lighting a stack of hundred-dollar bills on fire. Why? Depreciation. Dave’s easiest money-saving tip: See if you’re over paying for car insurance. Car depreciation is the sneaky…
Key takeaways To get your student loans discharged in bankruptcy, you’ll need to prove that they cause you “undue hardship.” Borrowers can choose between Chapter 7 and Chapter 13 bankruptcy, but they must file a separate adversary proceeding for student loans. The new processes established by the Department of Justice…
Whether you are in the market for buying or selling a car, or you’re just curious about how much your vehicle is worth, it’s helpful to understand how to calculate car value. It may take a little research to find an accurate price, but there are multiple online resources that…
With the economy on many Americans’ minds, you may have questions about two hot topics and how they’re related — tariffs and credit card debt. Recently, President Donald Trump announced tariffs ranging from 10 to 41 percent on imports from dozens of countries, the latest in a flurry of tariff…
Key takeaways Overheated pandemic housing markets are cooling fast, particularly across the Sun Belt, according to Bankrate’s 2025 Housing Heat Index. Four of the five coldest housing markets this year are in Florida, including Cape Coral-Fort Myers, Punta Gorda, North Port-Sarasota-Bradenton and Naples-Marco Island. The five hottest housing markets in…
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