Jessica Gibson

With so many changes to the Department of Education and student loan servicing, it’s difficult to foresee how much Trump’s policies could cost the United States economy. Changes to repayment plans and collecting on defaulted student loans could make it […]

The United States Department of Education reopened the application for income-driven repayment (IDR) plans on March 26, 2025, after having suspended it in February. While applying for an IDR plan might be worth it for people with limited incomes or

You can put certificates of deposit (CDs) into an individual retirement account (IRA), but whether you should or not depends on your personal investment goals, retirement time frame, and risk tolerance. Risk-averse investors who are not seeking steep investment gains

If you’re current on your loan payments and you’ve established at least 20% equity in your home, your mortgage lender should automatically remove private mortgage insurance (PMI) from your loan. Since PMI can add hundreds of dollars to your monthly

If you have money in an individual retirement account (IRA), you can technically withdraw funds before retirement age, but it’s usually not a good financial move. IRAs are designed as long-term retirement accounts that allow you to grow your money

If you have outstanding debts, you may be able to negotiate payment with your creditors to settle the debt for less than you owe. Creditors can be amenable to debt settlement because it means they’ll receive at least partial payment.

In some ways, it’s easier to close a bank account, such as a savings or checking account, than to open one. You can do so by walking into your local branch, calling customer service, or logging into your online account.