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."
Watch CBS News
President-elect Donald Trump has called the Biden administration's student loan relief efforts a "total catastrophe."
Student loan payments for people enrolled in the Biden administration's SAVE plan will remain on hold for at least six more months.
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.
About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.
This round of Biden's student loan forgiveness proposals targets the interest that adds up over time on student loans.
President Biden said that of the borrowers who can get their loans forgiven, nearly 44,000 are teachers, nurses, firefighters and others who are eligible for forgiveness after working 10 years of public service.
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.
Department of Education said impacted borrowers will not have payments due until these mistakes are fixed
As student loan repayments restart in October, the Biden administration said 125,000 people with student loans will have their debt erased.
Teri Hornstein reports there are several ways to pay back loans, including an income driven repayment plan.
Americans with student loan debt need to begin repaying their loans again after a hiatus of more than three years.
There is help available
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.
Two conservative groups are asking a federal court to block the Biden administration's plan to cancel $39 billion in student loans for more than 800,000 borrowers.
Only one-third of borrowers are aware that loan repayments will restart in October, a new survey found.
Jacqueline Quynh spoke with a student loan expert on the options available for repayment.
In just a matter of months, people with student loan debt will have to start making payments
There are options for repayment of student loan debt.
"We'll use every tool at our disposal to get you the student debt relief you need to reach your dreams," President Biden said.
Student loan financial consultant Meagan McGuire says loan payments will be due starting in September.
Nicole D'Antonio reports 40 million Americans would benefit from it if approved
The U.S. government could face a shutdown at 12:01 a.m. on Saturday, December 21. Here's what could be impacted.
UnitedHealthcare CEO murder suspect Luigi Mangione is back in New York after waiving extradition in Pennsylvania.
A few showers are possible early in the afternoon.
For decades, largescale engineering projects for development and agriculture drained and partitioned south Florida's Everglades, a vast wetlands landscape home to endangered and threatened species and a vital source of drinking water for millions of Floridians.
Matthew Tkachuk scored twice and Sergei Bobrovsky made 26 saves on Wednesday night.
The U.S. government could face a shutdown at 12:01 a.m. on Saturday, December 21. Here's what could be impacted.
UnitedHealthcare CEO murder suspect Luigi Mangione is back in New York after waiving extradition in Pennsylvania.
A few showers are possible early in the afternoon.
For decades, largescale engineering projects for development and agriculture drained and partitioned south Florida's Everglades, a vast wetlands landscape home to endangered and threatened species and a vital source of drinking water for millions of Floridians.
From merry lights to holiday yard decorations, we want to see what you've got.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
The American Automobile Association said this is a dangerous time of year for young drivers.
The U.S. government could face a shutdown at 12:01 a.m. on Saturday, December 21. Here's what could be impacted.
Florida authorities say they're pursuing a criminal case against a man accused of trying to assassinate President-elect Donald Trump for a car crash that occurred after his arrest.
Migrants in the U.S. under what's known as Temporary Protection Status are worried that Trump will revoke the program upon taking office.
David Rivera is accused of acting as an unregistered agent for the businessman and money laundering.
The Supreme Court on Wednesday said it will take up a challenge to a new law that could lead to a ban on TikTok in the U.S.
Jim talks to Karla Hernandez-Mats, the President of the United Teachers of Dade, about the special election vote held among teachers which soundly defeated efforts of The Freedom Foundation, a right-wing think tank, to decertify the county's teachers union.
Jim talks to Karla Hernandez-Mats, the President of the United Teachers of Dade, about the special election vote held among teachers which soundly defeated efforts of The Freedom Foundation, a right-wing think tank, to decertify the county's teachers union.
Jim keeps the theme of the week going with longtime political reporter Marc Caputo.
Jim interviews the Chair of the Republican Party of Florida about the wave of Floridians being tapped to take over the Trump administration.
A week after interviewing Republican State Rep. Danny Perez of Miami, who is the new Florida House Speaker, Jim goes one-on-one with Fentrice Driskell, the Florida House minority leader.
Republicans wants to extend 2017 tax cuts that expire next year and could let ACA subsidies lapse to help pay the tab, according to analysts.
Aaron Siri, an attorney to Robert F. Kennedy Jr., petitioned the FDA to "withdraw or suspend" its approval of a polio vaccine.
The FDA's top food official says the safety of the dye called Red 40 hasn't been assessed in over a decade, despite concerns over its potential behavioral health effects.
For many, it's a tough decision when balancing health and finances.
Consumers are venting frustrations about health insurance in wake of UnitedHealthcare CEO murder. Costs have outpaced inflation for years.
These gifts from Stanley, Apple, AllTrails and more won't bust your budget.
From top-rated smart mugs to cold brew starter kits, we've rounded up the coffee lover presents to gift this Christmas.
Just in time for the holiday season, Nintendo has released Nintendo Switch bundles and special editions.
For that authentic grilling experience, you can't beat a charcoal grill. We've rounded up the best grill options.
Discover the best tech gifts during the 2024 holiday season that your friends and loved ones will absolutely adore.
Miami-Dade is considering four possible sites, including two that are 2 miles or less from the city of Miramar.
A viral TikTok recipe that includes melting Jolly Ranchers landed a 9-year-old in the hospital with severe burns.
The American Automobile Association said this is a dangerous time of year for young drivers.
A string of recalls connected to Wisconsin-based supplier Schreiber Foods has now extended to Aldi stores after similar recalls at Hy-Vee and other grocery chains.
There are two sales tax holidays for hurricane supplies
Supreme Court Justice Ketanji Brown Jackson made her Broadway debut Saturday night in a one-time performance in the hit musical comedy "& Juliet."
Fan-captured video from Saturday's performance showed Wilson hyping Scott on stage to deliver his 2023 hit song "FE!N" in front of thousands of festivalgoers.
A spokesperson for Foxx said that he had to get stitches after he was hit in the face by a glass thrown from someone else in the restaurant.
Sean "Diddy" Combs filed a motion Friday to dismiss his appeal for bail, meaning he will stay in jail until his trial on sex trafficking charges in May 2025.
Jamie Foxx opened up about why he was hospitalized for several weeks in April 2023.