Your Money: Subprime Loans for College

If you can't afford your kid's college bills, the federal government has a deal for you.

View in browser|nytimes.com Continue reading the main story September 19, 2022 Continue reading the main story SUPPORTED BY CHARLES SCHWAB Robert Neubecker The Subprime Loans for College Hiding in Plain Sight Many families can borrow most of the cost of college using a Parent PLUS loan. This will not end well. By Ron Lieber Subscribe Today We hope you've enjoyed this newsletter, which is made possible through subscriber support. Subscribe to The New York Times with this special offer. Continue reading the main story A MESSAGE FROM CHARLES SCHWAB 'Choiceology' with Katy Milkman Can we learn to make smarter choices? Listen in as host Katy Milkman — behavioral scientist, Wharton professor, and author of "How to Change" — shares stories of high-stakes decisions and what research reveals they can teach us. "Choiceology," an original podcast from Charles Schwab, explores the lessons of behavioral economics to help you improve your judgment and change for good. Listen now Student Loan Subsidies Could Have Dangerous, Unintended Side Effects Experts worry that aspects of President Biden's debt relief plan could lure unscrupulous schools and unknowing students. By Stacy Cowley your money adviser Deadlines for Using Up Flexible Spending Accounts Return Relaxed rules during the pandemic let workers carry over more of the pretax money, which must be spent on health costs or forfeited, but they're expiring. By Ann Carrns Strategies Need Your Money Now? The Markets Aren't Helping. The rout in the stock and bond markets has been especially rough on people paying for college, retirement or a new home. Our columnist has some advice. By Jeff Sommer Mortgage Rates Jump Above 6% for First Time Since 2008 They have been on the rise since the start of the year as the Federal Reserve has affirmed its commitment to tame soaring inflation. By Tara Siegel Bernard New Inflation Developments Are Rattling Markets and Economists. Here's Why. Inflation is less about pandemic and war surprises and more about economic momentum. That could make the solution more painful. By Jeanna Smialek Inflation Explained: The Good, the Bad and the Uncertain Amid hopeful signs that U.S. inflation was about to cool off, Tuesday's Consumer Price Index report underlined the risks that it could remain high. By Jeanna Smialek U.S. Gas Prices Have Fallen for 91 Straight Days, a Relief for Consumers The steady decline is also a welcome development for policymakers trying to cool off the economy. By Isabella Simonetti Continue reading the main story ADVERTISEMENT Pandemic Aid Cut U.S. Poverty to New Low in 2021, Census Bureau Reports A measure that accounts for all federal subsidies also showed a reduction of almost half in the number of children below the poverty level. By Lydia DePillis and Jason DeParle In New York City, Pandemic Job Losses Linger Even as the country as a whole has recovered all of the jobs it lost during the pandemic, the city is still missing 176,000 — the slowest recovery of any major metropolitan area. By Nicole Hong and Matthew Haag To Save Whales, Don't Eat Lobster, Watchdog Group Says The group says that the shellfish, long considered a more responsible choice, cannot be considered a guilt-free meal anymore. By Annie Roth Good News for Weary Travelers: Online Passport Renewal Is Coming Your Way The shift will eliminate the need for piles of paperwork and hours waiting in lines. But it will still take some time to actually get your hands on your passport. By Debra Kamin How are we doing? We'd love your feedback on this newsletter. Please email thoughts and suggestions to yourmoney_newsletter@nytimes.com. Like this email? Forward it to your friends, and let them know they can sign up Your Money. Continue reading the main story Need help? Review our newsletter help page or contact us for assistance. You received this email because you signed up for Your Money from The New York Times. To stop receiving these emails, unsubscribe or manage your email preferences. Subscribe to The TimesGet The New York Times app Connect with us on: Change Your EmailPrivacy PolicyContact UsCalifornia Notices The New York Times Company. 620 Eighth Avenue New York, NY 10018