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How higher interest rates affect student loans
College students can expect some sticker shock as interest rates on federal student loans will increase on July 1.
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College students can expect some sticker shock as interest rates on federal student loans will increase on July 1.
Total student loan debt in the U.S. is now nearly $1.8 trillion, and experts say young people are delaying buying homes and starting families because of it. So, what could the lives of students look like when they graduate debt-free?
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.
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.
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 sharply divided Supreme Court ruled in a 6-3 decision that the Biden administration overstepped its authority in trying to cancel or reduce student loans. This leaves borrowers on the hook for payments that are expected to resume in October. CBS 2's Marissa Perlman reports.
"We'll use every tool at our disposal to get you the student debt relief you need to reach your dreams," President Biden said.
Many new college grads need to to devise a plan to pay off student debt while also considering their healthcare and retirement investment options. CBS News Business Analyst Jill Schlesinger has some tips.
The majors-worst White Sox (30-93) won for the second time in four games.
In Chicago, capacity is available to house around 11,000 people. Only about half of those beds were occupied as of Friday night, and an official says the city is prepared if there is an influx.
The backpacks are ready to go alongside clothing and diapers.
Strong winds left a trail of damage in some areas.
Chicago Police Supt. Larry Snelling has promised that officers will respect First Amendment rights.
In Chicago, capacity is available to house around 11,000 people. Only about half of those beds were occupied as of Friday night, and an official says the city is prepared if there is an influx.
Despite the beefy security around McCormick Place, the public will be invited to grab friendship bracelets and get a "Kamala Harris manicure."
Close to downtown, some businesses have boarded up their windows as a preventative measure.
The protest group said they would still continue fighting for a longer protest march route than the city has allowed.
"Our history is not just about the past, it's about our present and our future," President Biden said in a statement.
What is still not clear is what will happen to all the headstones that were already ordered, paid for, and never delivered.
Thieves targeted Kias and Hyundais because some models do not have engine immobilizers—technology that has historically been standard in other vehicles.
An alderman wants to get a new home repair grant program to help homeowners who live near where the DNC is being held.
Starting Sunday, customers can bring a used denim item — any brand, in any condition — to a Target store and trade it in for a coupon worth 20% off a new denim purchase.
Experts say insurance companies are paying close attention, and the average person should be doing so too.
Florida cucumber grower used untreated canal water found to be tainted with salmonella bacteria, laboratory tests found.
Indiana's attorney general has dropped a lawsuit accusing the state's largest hospital system of violating patient privacy laws when a doctor told a newspaper that a 10-year-old Ohio girl had traveled to Indiana for an abortion.
Posts shared online have urged other attendees of both the festival itself and afterparties to get checked out.
The Duke and Duchess of Sussex's Archewell Foundation is launching a new initiative, the Parents' Network, to support parents whose children have been victimized by harmful online content, from social media bullying to suicide ideation.
Medical professionals warn of young people drinking excessively and using drugs, necessitating hospital visits.
Despite the beefy security around McCormick Place, the public will be invited to grab friendship bracelets and get a "Kamala Harris manicure."
Sears first moved into the headquarters in 1992, after receiving a series of incentives.
Fewer rooms have been booked than DNC organizers first expected.
The Biden administration announced that $50 million will go to Michigan, Ohio, Indiana, Kentucky, Tennessee and Illinois to boost electric vehicle production.
A Save A Lot store in West Garfield Park is expected to open in early September. Three other Chicago locations could reopen in October, and two more could reopen in November.
Authorities say two suspected extremists believed to be tied to ISIS appeared to be planning an attack on an event in the Vienna area.
They said taking part in a Chappell Roan show was, to say the least, far from something ordinary.
Massachusetts-based rock band Aerosmith has announced that they're retiring from touring and cancelling their farewell tour due to lead singer Steven Tyler's vocal injury.
Justin Timberlake's license was suspended Friday, as the singer pleaded not guilty to driving while intoxicated on Long Island.
Magnum will start at an as-yet-unspecified date in the fall.
Meteorologist David Yeomans has your 10 p.m. First Alert Weather forecast for Friday, Aug. 16, 2024.
On Friday night, the headquarters of Mr. Dad’s Father’s Club, at 32 E. 69th St. at Wabash Avenue, was filled with hundreds of backpacks filled with school supplies.
In Chicago, capacity is available to house around 11,000 people. Only about half of those beds were occupied as of Friday night, and Beatriz Ponce de León, Chicago’s Deputy Mayor of Immigrant, Migrant and Refugee Rights tells Sabrina Franza the city is prepared if there is an influx.
Security barriers are up near McCormick Place and the United Center, and some downtown businesses have boarded up in case of civil unrest. Jermont Terry reports.
The trail is being designed along this nearly two-mile abandoned railroad line in the heart of Englewood. This week, the city's planning commission voted unanimously to re-purpose the area.
Close to downtown, some businesses have boarded up their windows as a preventative measure.
In Chicago, capacity is available to house around 11,000 people. Only about half of those beds were occupied as of Friday night, and an official says the city is prepared if there is an influx.
Strong winds left a trail of damage in some areas.
hicago Police Supt. Larry Snelling has promised that officers will respect First Amendment rights.
The majors-worst White Sox (30-93) won for the second time in four games.
Chicago Police Supt. Larry Snelling has promised that officers will respect First Amendment rights.
Less than a mile from the United Center, staff at Rush University Medical Center prepare for any possibility of a chemical attack.
CBS News Chicago obtained a 22-page document, but the majority of the document was blacked out with redactions.
An alderman wants to get a new home repair grant program to help homeowners who live near where the DNC is being held.
Grayson told his superiors he was about to terminate the pursuit. But he did not stop.
The majors-worst White Sox (30-93) won for the second time in four games.
Seiya Suzuki hit a game-ending single in the 10th inning, and the Chicago Cubs beat the Toronto Blue Jays 6-5.
The Mercury led by double figures for the entire second half.
Chicago Bears head coach Matt Eberflus announced the starters will play in Saturday's preseason game.
The "Frozen Confines: Big Ten Hockey Series" will feature a pair of doubleheaders on Jan. 3 and 4.
The Cook County Sheriff's deputy was paid $1,000 to deliver the paper to a main in custody at the jail, police say.
Shortly before 4 a.m. Friday, officers responded to a burglar alarm at Déjà Vu Showgirls at 750 S. Clinton St.
Federal prosecutors said Lewis Lacey lied about his income and assets to avoid paying more than $40,000 in a lawsuit settlement.
Prosecutors said they tried to pull off a scheme for the officers to clock in hours of OT pay without doing much work.
Three men exited a vehicle, and at least one of them pulled a gun and fired shots at the teen, police said.