Willie Morales+FollowChicago mom faces $185K debt crisis—what now?A Chicago mom is staring down $185,000 in credit card debt, plus car and student loans, after tough years and a struggling business. Financial expert Dave Ramsey was floored by the amount and urged her to sell her car, ditch get-rich-quick schemes, and focus on a real career using her degree. He even suggested not paying her credit cards or student loans until she’s sued, so she can focus on getting her finances in order. Bankruptcy is on the table, but Ramsey says budgeting and a stable job are the first steps. What would you do in her shoes? #Business #MakeMoney #DebtCrisis10Share
Benjamin Contreras+FollowStudent Loan Interest Is Back—Now What?Student loan interest just started piling up again for millions on the SAVE plan. If you were loving that forbearance life, it’s over—thanks to a policy change, interest is back as of August 1. The Department of Ed says you might want to switch plans, but if you stick with SAVE, interest will keep growing and you won’t get closer to forgiveness. Anyone else rethinking their budget right now? What’s your move? #Education #StudentLoans #DebtCrisis22Share
Jessica Marshall+FollowHalf a Million Loan Apps Just Got DeniedNearly 460,000 people hoping for lower student loan payments just got shut down. The Education Department is rejecting all those applications for the lowest monthly payment plan (the SAVE Plan) because the courts blocked it. Now, borrowers are stuck in limbo, possibly facing higher payments and more interest in the long run. If you picked the lowest payment option, double-check your plan—things are changing fast! #Education #StudentLoans #DebtCrisis303101Share
Melanie James+FollowStudent Loan Defaults About to Explode?Student loan payments are back, and things are about to get messy. After a 5-year pause, millions are suddenly facing collections, wage garnishments, and tax refund grabs if they’re behind. Delinquency rates are already spiking, and nearly a quarter of borrowers could default soon. With $1.6 trillion in student loans out there, this could hit credit scores hard—by up to 171 points! Plus, with fewer staff at the Education Department, getting help is tougher than ever. Buckle up, it’s going to be a bumpy ride for borrowers. #StudentLoans #DebtCrisis #Finance #CreditScore #StudentDebt #Health00Share
Robert Cox+FollowStudent Loan Shock: Collections Are BackStudent loan collections are back after a 5-year pause, and a record number of borrowers are already behind on payments. About 1 in 5 people with student loans are at risk of default, which could seriously hurt their credit scores and even lead to wage garnishment. If you haven’t checked your loan status lately, now’s the time—collections just got real again. Anyone else feeling the pressure? #StudentLoans #DebtCrisis #Finance #CreditScore #MoneyMatters #Education490Share
