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Biden administration forgives another $1.2 billion in student loans
About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.
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About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.
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?
This round of Biden's student loan forgiveness proposals targets the interest that adds up over time on student loans.
Borrowers who took out $12,000 or less in loans and have been in repayment for at least 10 years could get their debt erased.
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.
The number of people seeking help on the platform to pay student loans has exploded over the last year, the crowdfunding site says.
As student loan repayments restart in October, the Biden administration said 125,000 people with student loans will have their debt erased.
Student loan borrowers facing problems with their servicer shouldn't have to repay their debt until the issues are resolved, 19 state attorneys general say.
Michigan officials say the website will include tips, resources, and assistance to student loan borrowers.
Americans with student loan debt need to begin repaying their loans again after a hiatus of more than three years.
Scammers are seizing on "chaos and confusion" ahead of the resumption of student loan repayments, one expert warned.
Biden administration officials say the new federal program could cut monthly loan payments for 20 million people.
After a three-year hiatus, interest on student loans begins piling up again on Friday, with payments due in October.
Some borrowers who had enrolled in income-driven repayment plans will start getting their debt discharged this week.
Only one-third of borrowers are aware that loan repayments will restart in October, a new survey found.
Many graduates aren't earning enough to even pay down their interest, causing loans to snowball.
The new income-driven repayment plan could cut borrowers' monthly payments in half, while some could see their monthly payments go down to $0.
"We'll use every tool at our disposal to get you the student debt relief you need to reach your dreams," President Biden said.
The debt ceiling deal includes a provision to end the pandemic-related federal student loan payment pause
Some education experts see the plan as a more powerful tool to make college affordable than the proposal to slash or eliminate student debt for 40 million Americans, which is before the Supreme Court.
Two Lansing men have been sentenced to prison for making threats and carrying firearms inside a convenience store, the U.S. Attorney's Office announced Thursday.
Dobbs was an early and vocal supporter of former President Donald Trump during his candidacy for the White House in 2020 and throughout his presidency.
A Michigan man who was recently extradited from Mexico will stand trial for allegedly sexually assaulting two pre-teen girls and providing them with methamphetamine, the Michigan Attorney General's Office says.
Few people can imagine what it's like to lose a child at such a young age, and that's something no one should have to feel.
The latest forecast indicates temperatures will likely be warmer than usual for much of the U.S. in August, September and October.
A jury has acquitted Michael Jackson-Bolanos of first-degree murder in the death of Detroit synagogue leader Samantha Woll, but were deadlocked on charges of felony murder and home invasion and reached a guilty verdict on a charge of lying to police.
Two Lansing men have been sentenced to prison for making threats and carrying firearms inside a convenience store, the U.S. Attorney's Office announced Thursday.
Dobbs was an early and vocal supporter of former President Donald Trump during his candidacy for the White House in 2020 and throughout his presidency.
A Michigan man who was recently extradited from Mexico will stand trial for allegedly sexually assaulting two pre-teen girls and providing them with methamphetamine, the Michigan Attorney General's Office says.
Few people can imagine what it's like to lose a child at such a young age, and that's something no one should have to feel.
Ford will make its F-Series Super Duty pickups at a plant in Ontario, Canada beginning in 2026 in order to keep up with customer demand for the vehicle.
The Biden administration is awarding $1.7 billion to 11 "shuttered or at-risk" facilities in Michigan, Ohio, Pennsylvania, Georgia, Illinois, Indiana, Maryland and Virginia, to bolster electric vehicle production.
Throughout the next year, dozens of new zero-emission buses will be hitting the pavement in the city of Detroit, all thanks to a $30.8 million federal grant.
The company said the temporary layoffs will impact about 1,600 workers for the month of July.
American automakers are pushing back against a federal safety ruling that involves automatic emergency braking technology in new cars.
Bob Newhart, who starred in the long-running sitcoms "The Bob Newhart Show" and "Newhart," has died at age 94.
Nominations for the 76th annual Emmy Awards were announced Wednesday, with "Shōgun," "The Bear," "Hacks," "Only Murders in the Building" and "Baby Reindeer" all earning multiple major nods. See the full list of nominees for the 2024 ceremony here.
"Big Brother" announced Tuesday the 16 new Houseguests who will move into the "Big Brother" house and, for the first time ever, have the power to vote in a 17th houseguest.
After many people criticized Andress' rendition of the National Anthem online, comparing her with Fergie, the singer says she's going to rehab.
Shannen Doherty had been battling cancer since 2015.
Dobbs was an early and vocal supporter of former President Donald Trump during his candidacy for the White House in 2020 and throughout his presidency.
The latest forecast indicates temperatures will likely be warmer than usual for much of the U.S. in August, September and October.
Trump would also lead Harris. Voters say both Biden and Trump encouraged national unity after assassination attempt against Trump.
Bob Newhart, who starred in the long-running sitcoms "The Bob Newhart Show" and "Newhart," has died at age 94.
The now-recalled Diamond Shruumz gummies had been sold legally, but testing found they contained an illegal controlled substance.
The now-recalled Diamond Shruumz gummies had been sold legally, but testing found they contained an illegal controlled substance.
The study showed that inulin administered as gel-based immunotherapy prevented allergic reactions in mice for common peanut, egg white and milk allergies.
Nearly 7,000 pounds of hot dogs were produced and distributed without being inspected, federal government says.
At least 36 have been hospitalized after eating the mushroom "edibles."
Rite Aid, which has already closed hundreds of stores, is shutting more locations in Michigan and Ohio.
Three former Detroit Tigers and a Detroit Lions all-time great join a pair of University of Michigan legends on the list.
Joe "Jellybean" Bryant, a former Philadelphia 76ers and La Salle University basketball great and the father of the late, NBA legend Kobe Bryant, has died. He was 69.
The Detroit Lions will induct Hall of Fame wide receiver Calvin Johnson into the Pride of the Lions during the 2024 season.
Paris 2024 Summer Games organizers hope Olympic flame's glitzy arrival in the City of Light can help cast off shadow of low local enthusiasm.
Argentina won its second straight Copa America championship, overcoming Lionel Messi's second-half leg injury to beat Colombia 1-0 on Lautaro Martínez's 112th-minute goal.
Gardner-White is a 112-year-old family-owned furniture retailer, and Stewart is the first female to serve as CEO of the company.
It's a focus on our physical well-being as we talk about the importance of oral health and its impact, particularly among children.
U.S. Energy Secretary Jennifer Granholm and U.S. Transportation Secretary Pete Buttigieg appear on CBS Detroit's Michigan Matters this Sunday.
The University of Michigan's Ross School of Business is celebrating its 100th anniversary this year.
The three top elected county leaders essentially run the Metro Detroit region.
Severely overdue credit card debt rose to 10.7% during the first quarter of the year, the highest in over a decade. Despite declining inflation over the past several months, higher-than-usual prices are still a problem for most Americans. Financial well-being program manager Candice Towers with Lake Trust Credit Union provides tips on improving credit card debt.
Families are grieving the loss of a 3-year-old girl who died after being hit by a school bus outside her home in Hamtramck.
More than half a million visitors are expected to take to the streets of Ann Arbor for the annual Ann Arbor Art Fair. The fair runs July 18-20.
A jury has acquitted Michael Jackson-Bolanos of first-degree murder in the death of Detroit synagogue leader Samantha Woll, but were deadlocked on charges of felony murder and home invasion and reached a guilty verdict on a charge of lying to police.
A jury has acquitted Michael Jackson-Bolanos of first-degree murder in the death of Detroit synagogue leader Samantha Woll, but were deadlocked on charges of felony murder and home invasion and reached a guilty verdict on a charge of lying to police.