The financial news that actually matters
Covers personal loans, auto loans, student loans, and credit lending systems. It explains interest rates, approval processes, repayment terms, and how borrowing affects long-term financial health.
The average American who financed a new car in the first quarter of 2026 committed to a monthly payment of $773. The average amount financed hit a record $43,899. And nearly one in four of those buyers signed a loan lasting 84 months or longer. That last figure, 22.9% of all financed new-car deals, comes…
A borrower earning $45,000 a year with $35,000 in federal student loan debt could pay roughly $350 to $400 a month under the government’s default repayment schedule. Under an income-driven plan, that same borrower might owe closer to $150 to $200. The difference is real, and it kicks in on July 1, 2025, when the…
The average monthly payment on a new car loan in the United States has reached $773, according to Edmunds’ quarterly auto financing data. In 2018, that figure was $506. The 53% jump did not happen because Americans suddenly developed a taste for gold-plated bumpers. It happened because vehicle prices climbed, interest rates roughly doubled, and…
The clock is ticking for millions of federal student loan borrowers, and the math is unforgiving. If you are among the estimated 8 million people who enrolled in the SAVE repayment plan, that plan is being shut down. Starting July 1, 2025, loan servicers will begin sending notices giving each borrower 90 days to choose…
About 7.5 million federal student loan borrowers are still technically enrolled in the SAVE repayment plan, a plan the U.S. Department of Education now calls “unlawful” and has moved to kill. Starting July 1, 2026, loan servicers will begin mailing notices that force a decision: choose a new repayment plan within 90 days of receiving…
A borrower earning $40,000 a year with $50,000 in federal student loans could go from paying nothing each month to owing more than $500, practically overnight, if they miss a fast-approaching deadline. That is the reality facing roughly 8 million people who were enrolled in the SAVE repayment plan before the U.S. Department of Education…
Roughly 7.5 million federal student loan borrowers are about to face a decision that could reshape their monthly budgets for years. The U.S. Department of Education has declared the SAVE repayment plan unlawful and is winding it down. Starting July 1, 2026, loan servicers will begin notifying SAVE enrollees that they must choose a replacement…
Someone earning $30,000 a year with $35,000 in federal student loans could soon owe just $10 a month. That is the central promise of the Repayment Assistance Plan, the new income-driven repayment option taking effect July 1, 2026. The catch: borrowers who stay on RAP could carry their debt for up to 30 years before…
For more than a year, roughly 7.5 million student loan borrowers enrolled in the SAVE repayment plan have been frozen in place. Most were put into administrative forbearance after courts blocked the program in 2024, their monthly payments paused but their futures unresolved. That uncertainty just ended, and the outcome is worse than many of…
Sometime in the next few weeks, a borrower earning $3,000 a month after taxes could open a pay stub and find $450 missing. No court hearing, no lawsuit. The federal government will have taken it directly, under rules that allow administrative wage garnishment of up to 15% of disposable income on defaulted student loans. That…
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