Wage garnishment for student loans returns under Trump in 2026
If you have defaulted on your student loans, the Trump administration said it will begin garnishing wages again in 2026.
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If you have defaulted on your student loans, the Trump administration said it will begin garnishing wages again in 2026.
The Trump administration last month started garnishing paychecks and Social Security benefits to collect defaulted loans.
CBS News Business Analyst Jill Schlessinger gives advice and tips on how to save for college and take advantage of programs offered by state and federal governments to make sure getting an education doesn't empty your bank account.
More than 9 million borrowers could see their credit scores tank in the first quarter of 2025 according to the Federal Reserve Bank of New York, and 15% of federal student loans were past due at the end of 2024.
The Department of Education doesn't oversee school curriculums, but it does offer a range of services affecting millions of Americans.
The program promises to erase loans for 55,000 workers after ten years in government or non-profit jobs.
President-elect Donald Trump has called the Biden administration's student loan relief efforts a "total catastrophe."
A federal judge in Georgia made a ruling that would allow for the Biden administration's sweeping relief that affects tens of millions of American borrowers.
A major student loan deadline has passed—ending years of pandemic-related pause on payments. Experts Thursday night had some good news—and a word of warning about scams targeting borrowers. Sara Machi reports.
The scam offers fake promises of lower monthly payments or loan forgiveness with immediate results and demands upfront fees.
The 12-month grace period for student loan borrowers ended Sept. 30. The "on-ramp" period helped borrowers struggling to make payments avoid the risk of defaulting and hurting their credit score.
In addition to the $120 million settlement, Navient will also be permanently banned from managing federal student loans.
Millions are in limbo after the U.S. Supreme Court continues to block President Biden's "SAVE" student loan repayment plan. It's on hold as a U.S. Circuit Court of Appeals decides whether it's lawful, which could take weeks. So, what should you do in the meantime?
College students can expect some sticker shock as interest rates on federal student loans will increase on July 1.
It's college graduation season and new grads will be entering the workforce with many now having to pay off student debt. CBS News Business Analyst Jill Schlesinger has some suggestions.
The White House is turning to other methods to erase student debt after the Supreme Court blocked its broader effort to forgive loans.
President Joe Biden stopped in the battleground state of Wisconsin on Monday to lay out details of his new student loan debt relief plan for millions of Americans.
The White House is helping people who serve the country. They include public service workers like firefighters, nurses, teachers, and more who've been in their jobs for at least a decade.
About 78,000 people will receive an email from President Joe Biden telling them that their loans are canceled. Here's what to know.
This latest $4.8 billion in relief brings the grand total of approved debt cancellation by the administration to $132 billion for over 3.6 million Americans.
After a three-year pause, federal student loan payments are set to resume for around 40 million Americans in October. CBS 2 speaks with a local financial expert about the new affordable repayment plan. Jordan Flowers with Wealth Financial Services & Tax Advisory breaks down how to see if you are eligible to apply to the program and other tips for paying off the debt.
After a three-year hiatus, interest on student loans begins piling up again on Friday, with payments due in October.
Last week the Supreme Court struck down the Biden Administration’s plan to cancel $430 billion worth of federal student loans, eliminating $20,000 in student loans for millions of Americans. If you’re wondering what’s next, CBS News Business Analyst Jill Schlesinger has tips on what borrowers can do before loan repayments resume on Oct. 1.
The ruling means 40 million Americans who stood to have thousands of dollars in debt wiped away will now have to pay up.
Federal loan payments have been on hold since the start of the pandemic, but now borrowers will have to resume payments. CBS 2's Charlie De Mar reports.
A couple at a senior living community in northwest suburban Bartlett celebrated their 71st anniversary in a very special way: with a vow renewal.
Cook County Board President Toni Preckwinkle is seeking a fifth term in office and is facing off against longtime Chicago Ald. Brendan Reilly (42nd) in the Democratic primary.
A 19-game improvement last season saw a lot of White Sox players make their Major League debuts, and one of the team's top prospects is working for that same opportunity this year.
A state lawmaker is joining the growing call for accountability from the Illinois Department of Children and Family Services about past abuse allegations before an 8-year-old boy's murder.
Chicago's rodent problem is well known, but a new pilot program testing rat birth control to curb the population in problem areas is underway to help rein it in.
Cook County Board President Toni Preckwinkle is seeking a fifth term in office and is facing off against longtime Chicago Ald. Brendan Reilly (42nd) in the Democratic primary.
A federal judge has ruled that President Donald Trump's administration cannot pull back $600 million in public health grants allocated to four Democratic-led states, including Illinois, for now.
President Trump pardoned five former NFL players - one posthumously - for crimes ranging from perjury to drug trafficking.
From Kat Abughazaleh to Jason Friedman, some surprising names lead in fundraising in Illinois' primary elections.
Members of the hemp industry in Chicago are calling on Mayor Brandon Johnson veto a ban on most intoxicating hemp-derived products.
This week marks Identity Theft Awareness Week, and Illinois Comptroller Susana Mendoza emphasized some safety tips Monday for avoiding and dealing with identity theft.
A controversial data center in Naperville, Illinois, could be the cause to pack a city council meeting there on Tuesday night.
Police in the west Chicago suburb of Geneva are warning of a scam involving spoofed phone numbers.
Protesters on Tuesday were cranking up the heat on Peoples Gas over a recently proposed rate hike that would add an additional $10 to $11 a month to utility bills.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
The Trump administration's new discounted drug platform isn't a game-changer for consumers, health care experts said.
Ann & Robert H. Lurie Children's Hospital announced this week that it is planning to open a new pediatric hospital in the west Chicago suburb of Downers Grove.
It has been nearly six years since the start of the COVID-19 pandemic, and one of the many questions doctors are still working to answer concerns the long-term effects.
Leaders from Cook County, the Illinois Department of Human Services, and the Greater Chicago Food Depository denounced changes to the Supplemental Nutrition Assistance Program on Wednesday.
The University of Chicago Medicine Comprehensive Cancer Center has received a grant from The Ralph Lauren Corporate Foundation for a new cancer center.
With his name now hanging in the rafters, former Chicago Bulls guard Derrick Rose is helping the United Center with its major redevelopment.
A potential bidding war is taking shape for the Daily Herald, the newspaper of record for suburban Chicago.
A Near West Side diner known for drawing in Blackhawks fans and players is up for sale.
January may be the coldest time of the year, but Chicago is already looking forward to summer farmers' markets.
A development proposal issued this month calls for the replacement of a building housing a Giordiano's pizzeria in Chicago's Lakeview neighborhood with a new mixed-use building with 28 residential units.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny took the stage at halftime for the 2026 Super Bowl. Here's who else performed at Super Bowl 60.
Gamers across the world can now recreate drone strikes in Ukraine from the comfort of their own home, with this newly released game.
The White Sox are coming off a season in which they had the most one-run losses in baseball. Manager Will Venable is hoping a revamped bullpen that now includes multiple guys who can hit 100 on the radar gun will help fix that.
A couple at a senior living community in northwest suburban Bartlett celebrated their 71st anniversary in a very special way: with a vow renewal.
Chief meteorologist Albert Ramon has the latest First Alert Weather forecast.
How much did the Illinois Department of Children and Family Services know about past abuse allegations against a Round Lake Beach mother and her boyfriend, who are now charged in an 8-year-old boy's death? And what did they do? A state lawmaker is joining the growing call for accountability.
We believe in manifesting! As couples celebrate Valentine's Day, our own Marie Saavedra used the power of positive thinking - and generative AI - to envision a romance with British actor Theo James.
The crew and passengers on a Wendella tour boat rescued a man who fell into the Chicago River Friday morning.
A state lawmaker is joining the growing call for accountability from the Illinois Department of Children and Family Services about past abuse allegations before an 8-year-old boy's murder.
Chicago's rodent problem is well known, but a new pilot program testing rat birth control to curb the population in problem areas is underway to help rein it in.
Mayor Brandon Johnson on Friday vetoed an ordinance banning the sale of most intoxicating hemp-derived products in Chicago.
A couple at a senior living community in northwest suburban Bartlett celebrated their 71st anniversary in a very special way: with a vow renewal.
A state lawmaker is joining the growing call for accountability from the Illinois Department of Children and Family Services about past abuse allegations before an 8-year-old boy's murder.
Chicago's rodent problem is well known, but a new pilot program testing rat birth control to curb the population in problem areas is underway to help rein it in.
From Kat Abughazaleh to Jason Friedman, some surprising names lead in fundraising in Illinois' primary elections.
The move means the United States Environmental Protection Agency will no longer regulate greenhouse gases emitted from sources like cars, trucks and power plants.
CBS News Chicago is tracking what led to the death of an 8-year-old boy in Round Lake Beach and whether state officials were aware of any red flags before his murder.
A 19-game improvement last season saw a lot of White Sox players make their Major League debuts, and one of the team's top prospects is working for that same opportunity this year.
While their overall expectations might be much different, both the Cubs and White Sox are looking to make noticeable improvements in 2026 as they ramp up spring training in Arizona.
With his name now hanging in the rafters, former Chicago Bulls guard Derrick Rose is helping the United Center with its major redevelopment.
After Iowa, Portage, and Gary joined the talks for the Bears' new stadium, leaders in Arlington Heights say this is now, more than ever, about keeping the team in Illinois.
Cade Horton, who won't have the innings restrictions like he did last year, when he still finished second in National League Rookie of the Year voting.
President Trump pardoned five former NFL players - one posthumously - for crimes ranging from perjury to drug trafficking.
Authorities on Thursday released the first physical description of a male suspect wanted in connection with the Arizona disappearance of Nancy Guthrie.
A man pleaded guilty Thursday to the murders of two brothers — both of them U.S. Marines — in Cicero, Illinois, more than three decades ago.
A man was sentenced to two consecutive terms of life in prison Wednesday for the murders of two men in an attempted robbery Chicago's Chinatown six years ago.
A Chicago man has been charged with robbing and beating a CTA passenger on board a Red Line train last fall.
