College students and others who have student loans are the latest target of IRS impersonators. In this iteration of the ongoing, widespread scam, fraudsters threaten arrest and other penalties unless a nonexistent “federal student tax” is paid immediately.
Millions of consumers may not be getting a fair resolution in disputes with their financial institutions over products and services, according to a report released Tuesday by the Consumer Financial Protection Bureau.
Most graduates in the Class of 2013 left campus with more than a diploma. Nearly 7 out of 10 also had student loan debt. The average amount: $28,400, up 2 percent from the debt of those who graduated a year earlier.
Religion, sex, politics and money rank as taboo topics for polite conversation, perhaps avoided with our adult children, too. But money should be on the table for the simple reason that our financial situation often affects our kids as we age.
Just as the Federal Reserve Bank of New York is raising concern about growing student loan debt and defaults, President Barack Obama is moving to expand a repayment program aimed at helping lower-income borrowers.
Search AARP Blogs