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 The Wells Fargo Active Cash® Card offers unlimited 2 percent cash rewards on purchases, making it one of the best flat-rate cards available. This card also features an easy-to-earn welcome bonus, a cellphone protection benefit and introductory APR offers on both purchases and qualifying balance transfers. You’ll also…
If your newer car is totaled in an accident, gap insurance can help cover the difference between what you owe on your loan and what your insurance pays out — potentially saving you thousands out of pocket. This type of coverage is especially relevant today, as rising vehicle prices, high…
It’s understandable to feel envious of people who live in states with low or no income taxes. After all, after paying federal taxes, state income taxes take another swipe at your bottom line. But if you’re comparing places to live, look at the big picture and consider other local taxes,…
dragana991 / Getty Images Key takeaways There is no federal maximum interest rate for auto loans. Whether you receive a high interest rate is based on factors such as your credit score, the vehicle you purchase, the terms of your loan and the state where you are financing the vehicle.…
whitebalance.space / Getty Images One Big Beautiful Bill’s impact on student loans July 1, 2026: New borrowers can only access standard repayment or the new Repayment Assistance Plan (RAP) – July 1, 2028: Current IDR plans (except IBR) will be eliminated – Current SAVE borrowers will see interest resume August…
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict editorial policy, so you can trust that…
Images by Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways FHA loans require a minimum 3.5 percent down payment for borrowers with a credit score of 580 or higher. Borrowers with a credit score of 500 to 579 must put at least 10 percent down. Along with your own funds,…
PeopleImages/ Getty Images Key takeaways Virgin Red is a loyalty rewards program launched by the Virgin Group and is not a replacement for their existing Flying Club program. Members can earn Virgin Points through online shopping, booking travel and transferring points from credit card partners. Points can be redeemed for…
Key takeaways Title insurance is designed to protect a piece of property against past claims that may surface, such as a lien from a contractor, an heir that believes it belongs to them or a property line issue. Title insurance comes in two forms: a policy that protects the lender…
Key takeaways Both the American Express® Green Card* and American Express® Gold Card offer lucrative rewards in the form of versatile American Express Membership Rewards points. The Amex Green Card comes with a lower annual fee and slightly lower rewards rates than the Gold Card, though with two travel perks…
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