| This email is coming from an unmonitored email account. Please do not respond to this message. | | | | | | | | | Market Recap | | | | | Dow Jones | 32,936.41
(-0.58%) | | S&P 500 | 4,217.04
(-0.17%) | | Nasdaq | 13,018.33
(+0.27%) | | Tesla | $212.08
$0.09 (+0.04%) | | | | | | | | | | | | | No Halloween without sugar(flation) | | | | Spooky spending is expected to see record-breaking numbers, as rising candy prices might leave trick-or-treaters feeling terrified.
Read more>> | | | |  | | | | | | | | MARKET RECAP | | | | U.S. stocks were mixed on Monday, after Treasury yields retreated from intraday highs above 5% | | | | - Chevron shares dropped 3.7% as the company announced it agreed to buy energy company Hess for $53 billion to expand its oil footprint in the U.S. This follows competitor ExxonMobil's pending $59.5 billion merger with Pioneer Natural Resources.
- Shares of Bank of Hawaii closed up 4.6% after the company beat earnings expectations.
| | | | What to be on the lookout for today | | | | - It will be a busy day of earnings with several industry leaders set to report, including Coca-Cola, Spotify, and Microsoft.
- On the economic calendar, attention turns to the S&P Global PMI figures. The US Composite PMI indicated stagnant business activity in September, hovering just above the 50 expansion-contraction threshold.
| | | | | | | | Student loan forbearance 101 | | | | You've graduated from college, and have entered the working world, student loans in tow.
If you can't afford making your federal student loan payments, you have options.
Yesterday we talked about deferment, and today we're going to explore forbearance. These options are similar in that forbearance puts a temporary halt on federal student loan payments for a set amount of time. But here's the big difference: Loans in forbearance generally continue to accrue interest. That means interest is added to the total amount of money you have to repay on your loan.
Forbearance: who, what, and how
You will have to make a request for forbearance, usually by filling out a form with your student loan servicer.
Your loan servicer can decide to approve this request for a case of general forbearance (also called discretionary forbearance). Some of the reasons to allow a pause in payments may include financial hardship, a change in employment status, or hefty medical expenses.
Under certain circumstances, loan providers are required to offer forbearance. Some of the criteria include - your monthly federal loan repayment takes up 20%, or more, of your monthly gross income
- you're working in a medical internship or residency program
- you're in an AmeriCorps position, and received a national service award.
| | | |  | | | | | | | | Today's top stories | | | | | | | | The IRS is taking on Turbotax | | | | The government's new tax prep software should make it easier and cheaper for Americans to file taxes. But it is not without limitations.
Read more >> | | | | Airport lounges are running out of space | | | | Demand for airport lounges is soaring. But they become less relaxing as they get more packed. Here's what airlines are doing in response.
Read more >> | | | | How gift aid and self help aid can help you pay for college | | | | College can be expensive, but there are many ways to pay for it, including gift aid, or grants, or self help aid, which usually comes in the form of work study programs. Here are the details you need to know.
Read more >> | | | | | | | | | | Other news that caught our eye | | | | | | | | | | Financial planner tip of the day | | | | "Start researching scholarships early, because gathering the required documents and information to apply could take time and early deadlines are common for large awards." | | | | – Brian Walsh, CFP® at SoFi | | | | How did you like today's newsletter? | | | | | | | | This email was sent to you at paidmellc@gmail.com by SoFi Wealth LLC. (SoFi) because you're enrolled in the SoFi Daily. If you do not want to receive SoFi Daily emails, click here to unsubscribe.
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*NOTICE: If you are a federal student loan borrower you should take time now to prepare for your payments to restart, including the opportunity to refinance your student loan debt at a lower APR or to extend your term to achieve a lower monthly payment. Please note that once you refinance federal student loans you will no longer be eligible for current or future flexible payment options available to federal loan borrowers, including but not limited to income-based repayment plans or extended repayment plans.
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