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From zero to NIL: How student-athletes can manage name, image, likeness income

Today’s college student-athletes have an unprecedented opportunity to monetize their name, image and likeness thanks to a 2021 NCAA rule change that lifted restrictions on such activities When University of Notre Dame sophomore Calyn “KK” Bransford takes the court this upcoming basketball season, she’ll do so with a touch of glam thanks to her false lashes. She wants to look good while hooping, but wearing the lashes is also her job. Bransford is under contract as a brand ambassador for Opulence Lashes and earns money by promoting the company’s products. That’s possible thanks to a sea change in NCAA rules governing college athletes, who can now make money from their “ NIL ” — name, image and likeness. Prompted by a Supreme Court decision that invalidated restrictions on certain payments to student-athletes, the NCAA changed its rules on NIL income in 2021. While student-athletes still can’t be paid to play their sport or attend a specific school, they can receive money for things like...

Here's how to prepare to start paying back your student loans when the pandemic payment freeze ends

A three-year pause on federal student loan payments will soon end regardless of how the Supreme Court rules this week on a White House plan to forgive billions of dollars in student loan debt NEW YORK -- A three-year pause on federal student loan payments will soon end regardless of how the Supreme Court rules this week on a White House plan to forgive billions of dollars in student loan debt. The conservative-leaning court seems poised to strike down President Joe Biden's plan, which would erase $10,000 in federal student loan debt for those with incomes below $125,000 a year or households that earn less than $250,000. He also wants to cancel an additional $10,000 for those who received federal Pell Grants to attend college. Payments that were paused because of COVID will resume in the fall no matter what, but an estimated 43 million borrowers could see their balances decreased or erased altogether if the court decides the plan can go ahead. Student loan interest will start accrui...