Category
Economy
Markets, trade, employment, prices and economic policy.
Credibility summary
Of the 247 claims in Economy with evidence either way, 93% held up.
Showing 341-360 of 1595 claims
The Department’s actions today are among the first steps to restore many protections that were in place prior to the COVID-19 pandemic as well as modernize management of the loan portfolio in order to improve service for borrowers and accountability to taxpayers.
A cross-check of student aid records against the federal grant logs with the Social Security Death Index revealed that more than $30 million in aid was disbursed to thousands of deceased individuals over the past three years.
As of mid-January, an approximate $10 million in improper Direct Loans payments were disbursed before the Department restored NSLDS post screening.
The U.S. Department of Education announced actions and proactive steps to ensure American taxpayer dollars spent on federal student aid programs are used properly and responsibly.
A recent comprehensive analysis uncovered nearly $90 million disbursed to ineligible recipients, including thousands of deceased individuals receiving some form of payment.
We are committed to protecting and responsibly investing their hard-earned dollars.
Individuals granted immigration parole status, a temporary designation issued by the U.S. Department of Homeland Security (DHS), are not immediately eligible for federal student aid.
The Department has gained additional specificity on student status from DHS to prevent disbursements to ineligible individuals moving forward.
In May, the Department resumed automated post screening of student aid records for the 2024–25 and 2025–26 Free Application for Federal Student Aid (FAFSA®) cycles.
Without this process, student records are less likely to be up to date and reflect recent changes to students’ financial aid eligibility.
As we continue to rehabilitate the student loan portfolio, we must also ensure there are accountability measures at every step of the student aid process.
For example, once a student reaches their lifetime limit for receiving Federal Pell Grants, post screening flags this limit in the student loan database, which prevents a financial aid administrator from awarding further Pell Grant aid.
The monthly homeowner’s association fee for the lake house in Lake Arrowhead is $120.
The price per square foot of the house in Los Angeles is $1,501.
The lake house in Lake Arrowhead was built in 2024.
The house in Los Angeles was designed by the architect Rudolph Schindler.
The house in Los Angeles is half a mile from Runyon Canyon Park.
A ranch house in San Rafael was built in 1954.
The budget office expects long-term interest rates to be slightly higher than it previously forecast as a result of the additional borrowing.
We don’t have that in our forecast.
Recently analyzed in Economy
While some price increases stemmed from tariffs on imports, other factors like housing and food costs played a larger role.
June inflation hit its highest level since February, fueled by Trump's tariffs increasing prices on various goods.
Prices are now starting to rise because of tariffs.
The risk is that investors begin to doubt that the United States will pay back its debts and start demanding higher interest rates, stunting borrowing across the economy.
The New York Times
The country is still on track to borrow what economists consider an alarming amount of money in the coming years.
The New York Times