Internship pay is on the rise. Here's who pays the best.

Welcome to The Money, where we break down financial news and provide the TL;DR version of how decisions by the Federal Reserve, government and companies impact you.

Internship pay is looking up.

The average?intern earned $24.63 an hour in 2022, an 11% increase over the previous year, according to data from Glassdoor.

The most lucrative internships paid $54.38. Financial technology company Stripe held the number one spot when it came to intern pay, offering a monthly salary of $9,064 on average. Roblox, an online gaming platform, was right behind, paying $9,017 a month, while Nvidia, a semiconductor company, rounded out the top three with monthly pay that averaged?$8,280.

With college tuition continuing to rise and President Joe Biden’s?student loan forgiveness?proposal in limbo, internships can be a key way for students to earn income that can cover school costs and other expenses. ??

These financial experts can help you navigate uncertain times

Inflation is slowing. But layoffs have been mounting and some experts still expect the U.S. to face at least a mild recession this year.

Figuring out your best money moves can be overwhelming amid all that uncertainty. But a professional financial adviser can help, and the inaugural list of?the Best Financial Advisory Firms of 2023, developed for?USA TODAY by market research firm Statista, can help you navigate your options.

The list is based on the belief by many financial experts that registered investment advisers?(RIAs) should be the first stop on your financial journey. They have a fiduciary duty to take actions that are in their clients’ best interests at all times. They also charge fees rather than sales commissions and are staffed with investment adviser representatives (IARs) who are licensed to offer financial guidance.

“You have a special relationship of trust and confidence,” says Karen Barr, CEO of the?Investment Adviser Association (IAA), a trade group for RIAs. “You have an obligation to put your clients’ interests first.”

Mortgage fees to change starting May 1

The web of fees borrowers pay for loans backed by Fannie Mae and Freddie Mac will change on May 1.

The changes reflect Loan Level Price Adjustments (LLPAs) that can increase or reduce the fees individual borrowers pay depending on their credit score, down payment,?and even the type of home they buy.

If you have a high credit score, you’ll still pay less than if your credit score falls at the lower end of the scale. But the penalty for having a lower credit score will be less than it was before May 1, and in some instances those with higher credit scores? could wind up paying more.??

?? More stories you shouldn't miss ??

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• What if Biden's student loan debt plan fails? These states have their own student debt relief options.
• What to know about Social Security. How much can you earn and draw?
• Are you on track with your 401(k)??The average balance based on age.

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