Making Cents of Money
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Making Cents of Money
1w ago
There’s an important deadline at the end of this month for student loans! We break down the steps being taken by the Biden Administration for borrowers that may result in loan discharge sooner than anticipated in our latest episode of Making Cents of Money. Show Notes: U.S. Department of Education Press Release: https://www.ed.gov/news/press-releases/biden- harris-administration-announces-additional-49-billion-approved-student-debt-relief Biden Extends Key Student Loan Forgiveness Deadline: Why It Matters: https://www.forbes.com/sites/adamminsky/2023/12/18/biden-extends-key-student-loan- forgi ..read more
Making Cents of Money
3w ago
Graduation, first jobs, and financial transitions, oh my! In our latest episode of Making Cents of Money, we’re joined again by the University of Illinois Urbana-Champaign’s Donovan Sanchez to break down first steps for that first full-time job after graduation! Show Notes: Previous Episodes with Donovan Sanchez • Ep. 33 – Establishing a Vision for Your Life: https://blogs.uofi.uillinois.edu/view/7550/2108012941 • Ep. 55 – Wealth Building as a Balancing Act: https://blogs.uofi.uillinois.edu/view/7550/1517205319 Budgeting & Financial Planning • Ep. 20 – Budgeting: https://blogs.uofi.uillino ..read more
Making Cents of Money
1M ago
Last year featured some of the largest bank failures in U.S. history. In this episode of Making Cents of Money, Chicago City Comptroller (and former Illinois Director of Banking) Chasse Rehwinkel joins us to break down what went wrong, how regulators respond, and why most consumers should not be worried about ever losing the money in their bank accounts. Show Notes: FDIC & California Regulator Reports • FDIC Releases Report Detailing Supervision of the Former First Republic Bank, San Francisco, California: https://www.fdic.gov/news/press-releases/2023/pr23073.html • Review of DFPI's Oversi ..read more
Making Cents of Money
1M ago
Cryptocurrency is still new, and with new frontiers come new challenges. David DeCarlo and Jake Hamilton from IDFPR’s Office of Innovation join us on our latest episode of Making Cents of Money to discuss gaps in regulation and what can be done to help protect consumers. Show Notes: • CFPB Publishes New Bulletin Analyzing Rise in Crypto-Asset Complaints: https://www.consumerfinance.gov/about-us/newsroom/cfpb-publishes-new-bulletin-analyzing-rise-in-crypto-asset-complaints/ • How Chicago Fell for Crypto: https://chicagoreader.com/news-politics/how-chicago-fell-for-crypto/ • Pew Research Center ..read more
Making Cents of Money
2M ago
It’s tax season! We break down the common forms you’ll need to complete, where you find help if you need it, and when you can expect that refund (if you qualify!) on our latest episode of Making Cents of Money! Show Notes: IRS (federal) online account: https://www.irs.gov/individuals/free-tax-return-preparation-for-qualifying-taxpayers IRS Identity Protection PIN: https://www.irs.gov/identity-theft-fraud-scams/get-an-identity-protection-pin Illinois Tax site: http://mytax.illinois.gov and 1-800-732-8866 IRS Free File: https://apps.irs.gov/app/freeFile/ Volunteer Income Tax Assistance & Tax ..read more
Making Cents of Money
4M ago
Looking to kick off the new year right with some new financial goals? We break down the best strategies for doing that in our latest episode of Making Cents of Money! Show Notes: • “Setting Goals for Your Well-being” (Pellegrini, 2020): https://blogs.illinois.edu/view/7550/404129912 • “An Innovative Way to Face Retirement” (Brandon, 2013): https://money.usnews.com/money/retirement/articles/2013/01/14/an-innovative-way-to-face-retirement • “TikTok’s Aging Filter Could Help Spur Retirement Planning” (Stanich, 2023): https://www.kiplinger.com/retirement/tiktok-aging-filter-could-spur-retirement-p ..read more
Making Cents of Money
5M ago
We have a Consumer Alert for you – but it’s good news! Experian, Equifax, and TransUnion are allowing access to free, weekly credit reports indefinitely. Check out the latest episode of Making Cents of Money to learn more. Show Notes: You now have permanent access to free weekly credit reports (FTC) - https://consumer.ftc.gov/consumer-alerts/2023/10/you-now-have-permanent-access-free-weekly-credit-reports CFPB Resources: • How do I get a free copy of my credit reports? - https://www.consumerfinance.gov/ask-cfpb/how-do-i-get-a-free-copy-of-my-credit-reports-en-5/ • Fraud Alert - https://www.con ..read more
Making Cents of Money
6M ago
With the return to repayment for federal student loans in October for millions of loan holders, Nikki and Andrea breakdown the “on-ramp” to repayment being made available, along with several other helpful resources! Show Notes: • Federal Student Aid (FSA) Dashboard o So Your Loan was Transferred, What’s Next?: https://studentaid.gov/articles/your-loan-was-transferred-whats-next/ o Get Out of Default with Fresh Start: https://studentaid.gov/announcements-events/default-fresh-start • Student Loan Updates Webinars o Registration Page: https://go.uillinois.edu/repay o July 14, 2023 - Recording &am ..read more
Making Cents of Money
6M ago
Have questions about FAFSA (Free Application for Federal Student Aid)? Join us as we hear from Beth Groves, Professional Development Specialist from the Illinois Student Assistance Commission, as she talks about major changes to the form, why it's delayed this year, and why it's essential that everyone fills one out when considering higher education. Show notes: Illinois Student Assistance Commission: https://www.isac.org/ Federal Student Aid: www.studentaid.gov ..read more
Making Cents of Money
7M ago
It's World Investor Week! Listen to Alan Sorcher and Anne McKinley from the U.S. Securities and Exchange Commission discuss the SEC's role in providing education and protection to investors. Resources Discussed in the Show • World Investor Week: https://www.worldinvestorweek.org/ • US Securities & Exchange Commission’s Investor-oriented Website: https://www.investor.gov/ o Office of Investor Education and Advocacy: https://www.sec.gov/page/oieasectionlanding o Compound Interest Calculator: https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator o Inves ..read more