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Federal student loan interest rates are set to rise for the 2022-23 academic year, following the U.S. Treasury Department’s 10-year note auction on Wednesday afternoon. The new rates will be 4.99 percent for undergraduate loans, 6.54 percent for graduate Direct Unsubsidized Loans and 7.54 percent for PLUS loans. These rates will go into effect on July 1, 2022. Every May, federal student loans ...

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A different kind of high school student is headed to college now. The graduating seniors who will be entering into post-secondary education and training over the next few years care less about ivy-covered prestige and more about saving money, keeping costs down and college debt at a bare minimum, even if it means living at home. In a national survey of more than 1,000 high school seniors, ...

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If you’re looking for an investment with a high interest rate, inflation protection and the safety of government backing, then Series I bonds could be an attractive addition to your portfolio. The interest rate on these bonds increases as inflation rises, ensuring that your payout keeps pace with rising prices and that you don’t lose purchasing power over time. This inflation protection on I ...

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Stocks, cryptocurrencies and even bonds have tumbled in 2022 as investors react negatively to rising interest rates, soaring inflation and the Russia/Ukraine conflict. The S&P 500 index has fallen about 16 percent so far this year, while the tech-heavy Nasdaq Composite is down around 26 percent. Popular cryptocurrencies Bitcoin and Ethereum have also retreated, each falling at least 50 percent ...

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May 13—On the heels of a hot sellers' real estate market, with home sale prices up 19% to nearly 26% in Vigo County, property tax assessments are also up. Vigo County's property assessments rose more than $515.2 million between 2021 and 2022. The county's total assessed value increased to more than $6.79 billion from more than $6.27 billion. The new assessments mean property owners will see ...

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May 13—The region's hot real estate market has led to "unprecedented" increases in home values that will drive up next year's property tax bills, according to the King County assessor's office. Home values are up all over the county, but particularly in Eastside areas such as Redmond (43% on average), Woodinville (44%) and Kirkland (44.5%). The Sammamish Plateau topped the list with a 52% ...

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As mortgage rates rise sharply and mortgage refinancing volumes plunge, American mortgage borrowers’ credit scores are declining a bit. However, most borrowers who qualify for mortgages have near-perfect credit scores. The typical credit score for mortgage borrowers dipped to 776 in the first quarter of 2022, down from 778 in the fourth quarter and just off the first quarter’s record high of ...

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May 12—Boulder is preparing an ordinance that would exempt products that do not contain nicotine or tobacco from the city's 40% sales tax on electronic smoking devices. The effort is meant to clarify an existing law passed by Boulder voters in 2019 that requires collecting the sales tax on electronic smoking devices. City officials have said in the past that "inartful drafting" of the ...

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In a time of high real estate assessments and inflation, several members of the Newport News City Council wanted to find a way to provide additional tax relief to residents. The city manager’s recommended budget included a real estate tax rate reduction of 2 cents per hundred dollars of assessed value, from $1.22 to $1.20 — the first reduction since 2008. Some council members, however, worried ...

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Help wanted: accountants, zookeepers, blackjack dealers and more. If you’re looking for work, job opportunities are in abundance in Hampton Roads. The Hampton Roads Workforce Council reported 33,426 newly posted job listings in the region between April 4 and May 3. That includes 8,686 in Virginia Beach; 7,466 in Norfolk; 4,399 in Chesapeake; 3,529 in Newport News; and 2,377 in Hampton. The ...