Author: administración
Student loan refinance rates have held steady throughout the first part of 2026 as the Fed has held interest rates steady. As of June 25, 2026, student loan refinance lenders are offering fixed rates as low as 3.99% APR and variable rates starting as low as 3.59% APR, depending on credit profile, loan type, income, and repayment term.Credible is offering both the lowest variable rate loans starting at 3.59% APR and Credible and Splash tie for offering the lowest fixed rate loans starting at 3.99% APR.For borrowers with private student loans especially, refinancing to lower your interest rate can save…
A federal judge paused the Education Department’s narrow “professional degree” rule, but the new $100K and $200K federal borrowing caps still take effect July 1. A federal judge has paused a Trump administration rule that would have shut advanced nursing and other healthcare programs out of the higher federal student loan limits set to take effect July 1.On Wednesday night, U.S. District Judge Beryl Howell temporarily blocked the Department of Education’s definition of “professional degree,” which limited the higher borrowing tier to 11 fields (including law, medicine, dentistry, and clinical psychology) while excluding nurse practitioners, physician assistants, physical therapists, public…
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. June 25, 2026 Federal Reserve Board issues enforcement action with employee of Bank of Eufaula and S N B Bancshares, Inc. For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below: Consent cease-and-desist order against Jason Burns President and director of Bank of Eufaula and director of S N B Bancshares, Inc., Eufaula, Oklahoma Unsafe Lending Practices For media inquiries, please email…
Four borrowers want a judge to stop the July transition of millions of loans out of SAVE. History suggests the timeline won’t budge. With the Education Department days away from forcing millions of loans out of the SAVE plan, four borrowers are making a last-minute legal push to stop it. On June 23, they asked a federal judge for a preliminary injunction in Havens v. U.S. Department of Education (PDF File), seeking to keep borrowers enrolled in REPAYE, halt the agency’s planned transfers, and order immediate forgiveness for those who already reached their 20- or 25-year payment thresholds.Starting in early July, the Department…
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. June 25, 2026 Federal Reserve Board announces termination of enforcement action with Jiko Group, Inc. For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below: Jiko Group, Inc., San Francisco, California Cease and Desist Order dated July 16, 2024 (PDF) Terminated June 23, 2026 Additional enforcement actions can be searched for here. For media inquiries, please email [email protected] or call 202-452-2955. Last…
One of the big perks of using a 529 plan to save for college is that many states offer tax deductions for 529 plan contributions. Other states offer tax credits, and some even will allow contributions to any state’s plan (this is called tax parity) But, like anything, there are rules that apply.Some states require you to contribute to their state’s plan, while other states allow you to take the tax deduction for contributions to any state’s plan. Finally, there are (sadly) states that don’t offer any incentives for contributions.Also, the rules for withdraw can also impact your taxes. Make…
Certificates of deposit (CDs) have seen rates rising, despite major banks lowering the rates on theri savings accounts. As of June 24, 2026, the best 12-month CD rates reach up to 4.11% APY (annual percentage yield), with many banks and credit unions still offering yields far above the national average of 1.65%, according to the FDIC. Over the last several weeks, rates have been rising slightly.Now might be the best time to lock in a guaranteed rate. If you’re looking to earn a predictable return over the next year, these are the best CD rates available today.💰 Today’s Best 12-Month CD Rates At a…
A long-stalled bill to cap federal student loan interest at 2% is getting a procedural push just as payments climb for millions of borrowers. A bipartisan group of House members has filed a discharge petition to force a floor vote on the Affordable Loans for Students Act, a bill that would cap the interest rate on federal student loans at 2%. The petition is a procedural tool that lets rank-and-file members bypass House leadership and bring a stalled bill to the floor if 218 members sign on.Federal student loan interest rates currently ranges from roughly 6.52% to 9.07%, and undergraduate…
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. June 24, 2026 Federal Reserve Board’s annual bank stress test confirms that large banks are well positioned to weather a severe recession and able to continue to lend to households and businesses For release at 4:00 p.m. EDT The results of the Federal Reserve Board’s annual bank stress test confirmed that large banks are well positioned to weather a severe recession and able to continue to lend to households and businesses. Despite absorbing…
UConn’s Board of Trustees last week adopted a fiscal year 2027 budget that holds tuition flat at Storrs and the regional campuses for a second consecutive year, even as the university works to close a combined $83.5 million shortfall. The budget takes effect July 1.By the numbers: The FY27 operating budget runs $1.9 billion for UConn’s Storrs and regional campuses and $2.2 billion for UConn Health. The shortfalls break down to $29.2 million on the academic side and $54.3 million at UConn Health. Financial aid climbs to $351.4 million, with roughly $230 million funded directly by the university — a…