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.
It's the 2024 college acceptance season, which means families are grappling with an important question about how to pay for tuition. CBS News Business Analyst Jill Schlesinger explains what to know.
This round of Biden's student loan forgiveness proposals targets the interest that adds up over time on student loans.
The Free Application for Federal Student Aid was revamped last year, but it wasn't made widely available until January, three months later than usual.
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.
The rollout has been bumpy but CBS News Business Analyst Jill Schlesinger helps guide us through the process.
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.
The plan would benefit those who don't qualify for loan forgiveness under the current temporary program.
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.
CBS New York's Elijah Westbrook speaks with an expert to break down what borrowers need to know.
The bill is coming due for students who took out loans to finance their education. Now, many borrowers need to rework their budgets to make their payments.
The bill is coming due for students who took out loans to finance their education. Now, many borrowers need to rework their budgets to make their payments.
Biden administration officials say the new federal program could cut monthly loan payments for 20 million people.
Only one-third of borrowers are aware that loan repayments will restart in October, a new survey found.
Now that the Supreme Court has ruled against the Biden administration's plan to cancel student loans, millions of borrowers have a lot of questions. We hear from CBS News Business Analyst Jill Schlesinger for her answers.
In a separate ruling, the justices dealt what's being called a major setback for LGBTQ+ rights.
CBS News Business Analyst Jill Schlesinger answers your biggest questions after the Supreme Court ruling on Biden's student loan forgiveness plan.
"We'll use every tool at our disposal to get you the student debt relief you need to reach your dreams," President Biden said.
About 40 million Americans are no longer eligible for debt relief after the Supreme Court threw out President Biden's student loan forgiveness plan.
The Supreme Court struck down President Biden's student loan forgiveness plan, denying relief to 40 million Americans who stood to benefit from the program.
Will affirmative action become a thing of the past? CBS2 spoke to local experts about both cases on Wednesday.
The court will consider whether President Biden has the authority to wipe away billions of dollars in loan debt for millions of Americans.
The Buccaneers rushed for four touchdowns in a 30-7 victory over the Giants and new starting quarterback Tommy DeVito on Sunday.
New Jersey Sen. George Helmy said congestion pricing could drive businesses out of New York City and into the Garden State on "The Point with Marcia Kramer."
Chuck Woolery was inducted into the American TV Game Show Hall of Fame in 2007 and earned a daytime Emmy nomination in 1978.
Sunday features a mix of sun and clouds with near-normal temperatures in the Tri-State Area, but we could see big changes on Thanksgiving.
New York City police are searching for a gunman who fatally shot a man in a parking lot in Far Rockaway, Queens overnight.
New Jersey Sen. George Helmy said congestion pricing could drive businesses out of New York City and into the Garden State on "The Point with Marcia Kramer."
Sunday features a mix of sun and clouds with near-normal temperatures in the Tri-State Area, but we could see big changes on Thanksgiving.
New York City police are searching for a gunman who fatally shot a man in a parking lot in Far Rockaway, Queens overnight.
A celebration of life was held Saturday for Akai Gurley, who was shot and killed by a New York City police officer 10 years ago.
New York has repealed a seldom-used law over a century old that made it a crime to cheat on your spouse.
Sunday features a mix of sun and clouds with near-normal temperatures in the Tri-State Area, but we could see big changes on Thanksgiving.
The MTA announced the Federal Highway Administration has given congestion pricing the green light, clearing the way for it to start on Jan. 5, 2025.
After a long period of drought and fire hazards, we're getting an early taste of winter. New York, New Jersey and Connecticut have been desperate for rain.
The first major snowstorm of the season brought school closures, power outages, and heavy snow to our region, including to areas that badly needed it.
Jodi Rell, who became Connecticut's second female governor when John Rowland resigned in a corruption scandal, has died at 78.
New Jersey Sen. George Helmy said congestion pricing could drive businesses out of New York City and into the Garden State on "The Point with Marcia Kramer."
Sunday features a mix of sun and clouds with near-normal temperatures in the Tri-State Area, but we could see big changes on Thanksgiving.
A fire in Bayonne displaced several families and caused a day care to evacuate Friday.
A Hudson Valley woman says her car was driven from Queens to New Jersey after she parked at an unlicensed long-term parking lot near John F. Kennedy International Airport.
The MTA announced the Federal Highway Administration has given congestion pricing the green light, clearing the way for it to start on Jan. 5, 2025.
New Jersey Sen. George Helmy said congestion pricing could drive businesses out of New York City and into the Garden State on "The Point with Marcia Kramer."
Sunday features a mix of sun and clouds with near-normal temperatures in the Tri-State Area, but we could see big changes on Thanksgiving.
The MTA announced the Federal Highway Administration has given congestion pricing the green light, clearing the way for it to start on Jan. 5, 2025.
After a long period of drought and fire hazards, we're getting an early taste of winter. New York, New Jersey and Connecticut have been desperate for rain.
The first major snowstorm of the season brought school closures, power outages, and heavy snow to our region, including to areas that badly needed it.
New Jersey Sen. George Helmy said congestion pricing could drive businesses out of New York City and into the Garden State on "The Point with Marcia Kramer."
Democrats say they're concerned or scared Trump will threaten their rights, but fewer than half feel motivated to oppose him.
New York has repealed a seldom-used law over a century old that made it a crime to cheat on your spouse.
The New York Department of Motor Vehicles has overhauled its point system, and the points drivers accrue are going to stay on their record longer.
A New York City Councilmember is taking the city's Department of Homeless Services to task, saying it needs to do a better job managing food at the city's migrant shelters.
Whole Foods Market stores in five states sold recalled carrots and celery sticks that could contain E. coli.
Lattes and other espresso-based drinks may not be available at some McDonald's restaurants due to a glitch with coffee machines.
The packaging label omitted a key ingredient, prompting a Food and Drug Administration recall.
The manufacturer of tumblers sold at Wawa stores says it has received four reports of cuts from the product's metal drinking straws.
Decision to cut topping comes as officials work to confirm source of E. coli outbreak linked to McDonald's Quarter Pounders.
Chuck Woolery was inducted into the American TV Game Show Hall of Fame in 2007 and earned a daytime Emmy nomination in 1978.
Lawyers for actor Jonathan Majors and Grace Jabbari agreed to dismiss the case with prejudice, according to a joint filing in Manhattan federal court.
Cynthia Erivo, Ariana Grande, AMC and fans react to the debate over in-theater singing during "Wicked."
A federal judge is deciding whether to release Sean "Diddy" Combs on bail as he awaits trial on sex trafficking and racketeering charges.
Chris Stapleton took home four Country Music Association Awards and hardly left the stage on Wednesday night, while an absent Morgan Wallen won the night's biggest prize, entertainer of the year.
The Buccaneers rushed for four touchdowns in a 30-7 victory over the Giants and new starting quarterback Tommy DeVito on Sunday.
The New York Rangers lost to the Edmonton Oilers 6-2 on Saturday night.
The New York Islanders beat the St. Louis Blues on Saturday night to end a three-game skid.
Tomas Tatar had a goal and an assist and the New Jersey Devils beat the Washington Capitals on Saturday night.
The New York Red Bulls posted a 2-0 victory over New York City FC in an Eastern Conference semifinal on Saturday night.
The new Davis Center will bring back the wonder of skating and swimming alongside Harlem Meer in Central Park.
Thursday marks exactly 60 years since the Verrazzano-Narrows Bridge opened to much fanfare.
Nov. 29 is the last day for New York City restaurants to remove roadway dining sheds, which will now be seasonal under new regulations set by the City Council.
A new state-of-the-art trash system in NYCHA's Polo Grounds Towers in Harlem promises to tackle energy, rodent and recycling issues.
Families in Central Harlem will soon settle into their new homes at Marcus Garvey Village, which also brings free gathering spaces to the community and an LGBTQ center.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Tens of thousands of people flooded Manhattan streets on June 2, 2024 for the 60th annual Israel Day on Fifth Parade.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
The 50th Annual Village Halloween Parade drew massive crowds, celebrating the theme "Upside/Down:Inside/OUT."
We asked New Yorkers what's stressing them out the most.
New York City Councilman Justin Brannan is chairman of the finance committee and helped negotiate the City of Yes housing plan. Watch his full interview on "The Point with Marcia Kramer."
New Jersey Sen. George Helmy was appointed to finish convicted Sen. Bob Menendez's term. Watch his full interview on "The Point with Marcia Kramer."
New Jersey Sen. George Helmy, appointed to finish convicted Sen. Bob Menendez's term, and NYC Councilman Justin Brannan weigh in on the new congestion pricing plan and more on "The Point with Marcia Kramer."
A new AARP study found 20% of adults 50+ have no money saved for retirement and about 61% are worried they won't have enough money to support themselves. AARP New York State Director Beth Finkel has the financial mistakes you'll regret when you're older.
