Finance

Student Loan Forgiveness Update May 2025: New Relief Plans Announced

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The U.S. Department of Education has announced major updates regarding federal student loan repayments and forgiveness initiatives. Starting May 5, 2025, collections on defaulted federal student loans will officially resume. This move marks the end of a five-year pause implemented during the COVID-19 pandemic and signals a renewed effort to reengage borrowers and restore loan … Read more

Child Tax Credit 2025: Will Advance Monthly Payments Resume?

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The Child Tax Credit (CTC) is a federal tax benefit that provides financial relief to families raising children. Administered by the Internal Revenue Service (IRS), this credit can reduce the amount of tax you owe or increase your refund. In 2025, the CTC continues to be a vital support tool for eligible households, although monthly … Read more