Here's what to know about Trump and the future of student loan relief
President-elect Donald Trump has called the Biden administration's student loan relief efforts a "total catastrophe."
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President-elect Donald Trump has called the Biden administration's student loan relief efforts a "total catastrophe."
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.
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.
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.
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.
This week brings the first significant snowfall of the season to the Chicago area. Snow is expected to fall at least through the early afternoon before changing over to cold November rain.
The state's highest court ruled a special prosecutor's decision to re-indict Smollett violated his constitutional rights after Cook County prosecutors previously dropped charges against him.
James Harris, 44, was arrested on Tuesday in the 3100 block of West Mann Drive by members of the Chicago Police Department and the U.S. Marshals Great Lakes Regional Task Force.
Surveillance video shows the incident at the station on Oct. 17 in the 8600 block of South Morgan Street.
The leaders are accused of crimes against humanity and war crimes over the war in Gaza and the Oct. 7 Hamas attack on Israel.
The reopened Pilsen facility is one of three that Mayor Brandon Johnson promised would reopen by the end of the year.
Anthony Finch has filed suit against the village and Mayor Derrick Burgess for wrongful termination. Now, four trustees want to bring Finch back to the village—but this time working as an auditor.
Judicial regulators have filed a complaint against a former Wisconsin Supreme Court justice who spread election conspiracy theories and was hired by Republicans to lead an investigation into President-elect Donald Trump's loss in the 2020 election, accusing him of violating multiple rules of conduct.
"Some of the steps and measures that are being taken, these are some individuals that are having tantrums right now. It's time to grow up. The people of Chicago don't have time for that," Johnson said.
President-elect Donald Trump's six-year New York criminal odyssey might need to continue for at least another four, prosecutors said Tuesday.
So far, despite several requests, the woman has not been able to get a hold of her medical records to send to her new doctors.
Those in the industry who spoke to CBS News Chicago said their margins are already so slim that an increased liquor tax could drive business owners to close their doors.
Robin McElroy said she loves everything about her Morgan Park home—except for the panic-inducing surprises she has been getting in the mail about her supposedly unpaid taxes.
Scammers often get financial information and personal details, or lure in veterans with videos that claim they can win lots of money,
It's the season of giving, but if you're not careful with finances, you could be getting a hefty bill at the end of the holiday season.
Lattes and other espresso-based drinks may not be available at some McDonald's restaurants due to a glitch with coffee machines.
The FDA sent a warning letter flagging "significant violations" of manufacturing regulations for Tom's of Maine toothpaste.
The 65-year-old actor and stand-up comedian, best known for portraying Joey Gladstone on "Full House," said he first noticed symptoms in October.
An attorney representing a conservative prosecutor struggled Monday to convince Wisconsin's liberal-leaning Supreme Court to reactivate the state's 175-year-old abortion ban.
The "Dawson's Creek" alum shared the news on Sunday and said that despite the diagnosis, there is "reason for optimism, and I'm feeling good."
Owner Ricky Burns made a big dream come true in the tiny space on Western Avenue in West Ridge.
Those in the industry who spoke to CBS News Chicago said their margins are already so slim that an increased liquor tax could drive business owners to close their doors.
The nonprofit Far South Community Development Corporation is working to create everlasting change—and has a vision specifically for the commercial corridor at 115th and Halsted streets.
Wonder Group, a New York-based food ordering company that touts "fast fine" dining, is set to be Grubhub's new owner.
Foxtrot will be pouring free drip coffee between 6 a.m. and 10 a.m. at the Fulton Market location to celebrate the reopening.
Speaking to American Theatre in 2018, Vire said he arrived in Chicago as a "lapsed actor," and fell into theatre criticism "through the back door."
With the release of part one of her new memoir, Cher talks about her relationship - on stage and off - with Sonny Bono, and why their TV partnership survived beyond their marriage.
"America demanded it and now it's happening: Taco Bell's new Cheesy Chalupa Supreme. In other news, I'm hosting the Oscars," Conan O'Brien said.
The IBA also gave out the Silver Dome Awards at its luncheon Wednesday.
The 65-year-old actor and stand-up comedian, best known for portraying Joey Gladstone on "Full House," said he first noticed symptoms in October.
Forecasters predict Northern California could see the worst flooding as some parts could get a record 16 inches of rain in 48 hours.
A Winter Weather Advisory is in effect until 1 p.m.
Snow is moving into the Chicago area. Marissa Perlman reports on the road conditions from the Mobile Weather Lab.
American Airlines has been testing the new boarding system in Tucson and two other airports. Flyers trying to board just a little early are asked to wait until their boarding group is called.
The Whipple procedure, which removes part of the pancreas, intestine and gallbladder, is the standard for pancreatic cancer. But one candidate got a minimally invasive approach. A robotically-assisted surgery performed by Dr. Aaron Sasson the director of the Pancreatic Cancer Center at Stony Brook Medicine.
A winter weather advisory will take effect from 7 a.m. to 1 p.m. Snow is expected to be a threat through noon before changing over to a cold afternoon rain.
The state's highest court ruled a special prosecutor's decision to re-indict Smollett violated his constitutional rights after Cook County prosecutors previously dropped charges against him.
Four people were taken to area hospitals in serious-to-critical condition, and one of those four was described as "very critical" by the Fire Department.
The leaders are accused of crimes against humanity and war crimes over the war in Gaza and the Oct. 7 Hamas attack on Israel.
A judge released Constantin Beldie on electronic monitoring in October, after he allegedly beat and tried to kidnap his estranged wife. He's now accused of killing her weeks later.
A judge released Constantin Beldie on electronic monitoring in October, after he allegedly beat and tried to kidnap his estranged wife. He's now accused of killing her weeks later.
So far, despite several requests, the woman has not been able to get a hold of her medical records to send to her new doctors.
The police department has spent $22.6 million in overtime this year for officers working special events — only about $2 million of which has been reimbursed to the city.
Indiana is ranked among the states with the weakest gun safety laws, in part because it does not have a law that requires safely storing firearms.
"How is this possible that so many things could have gone wrong and allowed for this to happen?" Candice Gatlin said.
Will Riley led Illinois (3-1) with 18 points and nine rebounds while Kylan Boswell added 17 and Kasparas Jakucionis had 15.
Zach Lavine scored 27 points to lead Chicago. Torrey Craig added 15, while Nikola Vucevic and Coby White had 14 each.
Morgan went 3-0 with a 1.93 ERA in 32 appearances last season for the AL Central champion Guardians.
Williams and the Bears offense will try to build off the positives in game one this past weekend with Thomas Brown calling plays.
Meyer had five rebounds for the Blue Demons (5-0). Troy D'Amico scored 14 points.
Alicia Robles said didn't initially feel the pain because she was still absorbing the situation—and then seconds later, her skin, she said, was on fire.
A judge released Constantin Beldie on electronic monitoring in October, after he allegedly beat and tried to kidnap his estranged wife. He's now accused of killing her weeks later.
Police said the drive-by shooting happened on the 2400 block of South Oakley Avenue around 10:45 a.m.
CTA officials received a disturbance call just before 9:40 a.m. on board a bus near the entrance to the Red Line station along the Dan Ryan Expressway.
Susan Smith, convicted of killing her two sons by rolling her car into a lake in 1994, broke down in tears while making her case to the parole board.
