New law links your student loans with retirement savings

Tucked inside the $1.7 trillion government spending bill set to be signed by President Biden this week are a host of significant retirement reforms, including a series of provisions that experts say is nothing short of a redefinition of the private retirement system itself.

The far-reaching new law has ideas that link people’s efforts to save for the future with more pressing needs, especially struggles to pay off student loans and put money aside for an emergency.

The changes for 2023 will “stretch and expand the retirement system to recognize that people’s financial lives are interwoven and complicated,” said Timothy

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Supreme Court will consider Biden’s student loan plan in February

Activists hold a student loan forgiveness rally near the White House on April 27, 2022.

Anna Moneymaker | Getty Images News | Getty Images

The nine justices of the U.S. Supreme Court have scheduled high-profile arguments over President Joe Biden’s student loan forgiveness plan for Feb. 28, meaning borrowers suspended in uncertainty about the fate of their debts will at least know more soon.

Since Biden unveiled his plan to cancel up to $20,000 in student debt for tens of millions of Americans, Republicans and conservative groups have filed at least six lawsuits to try to halt the policy, arguing

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5 things to know for December 1: Ukraine, Student loans, Trump, Immigration, Uvalde



CNN
 — 

Traders on Wall Street and many investors are in a good mood. Stocks soared Wednesday after Federal Reserve Chairman Jerome Powell said rate hikes could ease this month. With this recent rise, the Dow is more than 20% above its 52-week low, which puts it in a new bull market.

Here’s what else you need to know to Get Up to Speed and On with Your Day.

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The US is considering a dramatic expansion in the training it provides

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How to ‘Excel’ in business: Miss Excel’s journey from business student to social media star

Every video that Kat Norton ’15, MBA ’16, posts on TikTok and Instagram fulfills a promise: You’re going to learn something about Microsoft Excel, and you’re going to have a little fun doing it.

Oh yeah, there’s gonna be some dancing, too.

Norton’s meteoric rise as social-media influencer Miss Excel has made her the go-to instructor for the ubiquitous software among the under-30 crowd. In just two and a half years, she’s embraced a necessary tool used by millions to track finances, manage projects or make important lists and turned it into a multimillion-dollar company fueled by her upbeat attitude,

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What to know about the latest payment pause extension on student loans

President Joe Biden and Secretary of Education Miguel Cardona.

The Washington Post | The Washington Post | Getty Images

It’s been almost three years since people with federal student loans have had to make a payment on their debt, and the Biden administration recently announced that borrowers have even more time.

In March 2020, when the coronavirus pandemic first hit the U.S. and crippled the economy, the U.S. Department of Education suspended federal student loan payments and the accrual of any interest, providing borrowers extra breathing room during an especially hard financial period.

Resuming the bills for more than 40

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Biden’s student loan forgiveness: A timeline of legal challenges facing the plan

President Joe Biden’s student loan debt forgiveness plan is facing several lawsuits at various stages. Here’s a look at a timeline of those legal challenges. (iStock)

President Biden’s student loan debt forgiveness plan has faced a series of legal challenges, including a recent block by a federal appeals court. 

The 8th U.S. Circuit Court of Appeals, based in St. Louis, issued an injunction on Nov. 14 extending a temporary block that was placed on the loan forgiveness plan in October. 

The move was part of just one lawsuit against the plan. In total, six lawsuits have been filed

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Should I Cancel My Student Loan Refund Now That Biden’s Forgiveness Plan Is on Hold?

Doug Mills / AP

The Biden administration’s one-time student loan forgiveness plan has been blocked by courts, leaving many borrowers to wonder what they should do with their student loan refund.

Explore: 4 Government Agencies That Help You Pay Off Your Student Loan
Learn More: Biden Administration Calls on Supreme Court to Reverse Injunction

A COVID-19 relief bill made it possible for borrowers who made payments on their federal student loans to request a refund. After Biden announced his plan to forgive up to $10,000 to $20,000 per borrower, those who paid down their balance below that limit during the

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