Kevin Carter / Contributor/ Getty Images Income-driven repayment plans are meant to help you stay active in federal student loan repayment, even when your wages aren’t as high as you’d like. The Saving on A Valuable Education (SAVE) Plan, however, has completely sidelined borrowers. In fact, the 7.8 million federal…

MediaNewsGroup/LongBeach Press-Telegram/GettyImages Taxpayers who donate to the causes that are close to their hearts may soon have a new reason to celebrate — and to give: The Senate’s version of the “big, beautiful” tax bill includes a valuable new tax deduction for qualified charitable contributions, worth up to $1,000 for…

In the halls of Congress, an attempt to simplify can often lead to unintended consequences. That’s one concern with the Student Success and Taxpayer Savings Plan within the House of Representatives’ budget reconciliation bill. One highlight of the plan, which passed through the House on May 22 on its way…

Image by GettyImages; Illustration by Bankrate Imagine your credit score suddenly dropping by 63 points. For more than four million federal student loan borrowers, that’s no nightmare. It’s a wake-up call. In fact, a 63-point drop was just the average. Many of these borrowers experiencing a serious delinquency — at…