Rossen roundup: Top consumer stories from this past week
Here are all of the Rossen Reports from this past week:
Do you qualify for $0 student loan payments?
The Supreme Court struck down the loan forgiveness program but a separate change with federal student loans is moving ahead. Applications for the SAVE program are now open.
Watch the video for this story above.
SAVE stands for Saving on a Valuable Education, and it's a NEW income-driven repayment plan that can lower your monthly bill and reduce the amount you pay back over the lifetime of the loan. It bases your monthly payments on your income and family size. Some borrowers will qualify for $0 monthly payments.
Read the full story here.
This is the best time to buy an electric vehicle
Prices of electric vehicles have been plummeting, but is now the time to buy? A year ago, electric vehicle prices were on the upswing – but the latest studies show good things for our wallets.
Prices for new EVs fell nearly 20% between June 2022 and June 2023. Prices for used electric vehicles fell almost 30%. The auto research firm iSeeCars.com put together a report to show which EVs dropped the most. Click here to see the numbers.
Why the sudden drop? Experts say Tesla kept dropping its prices, which puts pressure on other manufacturers to lower theirs too.
Read the full story here.
Why gas prices are suddenly soaring
Gas prices are soaring across the country. Triple A says the national average went up more than 20 cents from last month and we're not seeing them come down. So what's going on?
Experts say it's this heat wave. Extreme heat means refineries can't run at full capacity and that means gasoline production is dropping.
Read the full story here.
Your water bill is sky high, here’s what to do
You typically use no more than 12,000 gallons of water a month, maybe a little more in the summer. The U.S. Environmental Protection Agency says even a small leak can waste as much as 10,000 gallons of water per year.
If you suddenly get a sky-high water bill, how do you find that invisible leak? High water bills can be caused by leaks, faulty equipment, or a sudden increase in water rates. Experts say these are some steps you could take.
Read the full story here.