![Biden Election 2024 Trump](https://assets1.cbsnewsstatic.com/hub/i/r/2024/06/12/b72101e8-0923-4e73-a3e9-a757b327b17e/thumbnail/640x360/d5c9d47e98ac3c622a05ebf6728673c0/gettyimages-1619686893.jpg?v=d8f7565ef3e8b72561ee316b5993cbf9#)
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.
Watch CBS News
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?
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.
Saturday will be mostly cloudy with some light showers. NYC beaches have a high rip current risk as Hurricane Ernesto moves up the coast.
Brandon Nimmo broke out of his slump with a three-run homer and Jeff McNeil launched a two-run shot, powering the New York Mets to a 7-3 win over the Miami Marlins.
Aaron Judge hit his major league-leading 44th home run and Gerrit Cole struck out eight in six innings as the New York Yankees beat the Detroit Tigers 3-0.
Co-founders of AMA Animal Rescue in Gravesend say they're unsure they can afford to keep their doors open.
Summer can be a fun time for kids, but it can also make returning to school in the fall a more daunting task.
Saturday will be mostly cloudy with some light showers. NYC beaches have a high rip current risk as Hurricane Ernesto moves up the coast.
Co-founders of AMA Animal Rescue in Gravesend say they're unsure they can afford to keep their doors open.
Summer can be a fun time for kids, but it can also make returning to school in the fall a more daunting task.
Mayor Eric Adams is throwing his support behind Nassau County's new face mask ban and pushing for a similar law in NYC.
A plume of smoke from Canadian wildfires gave the moon over New York City an orange tint.
Saturday will be mostly cloudy with some light showers. NYC beaches have a high rip current risk as Hurricane Ernesto moves up the coast.
A plume of smoke from Canadian wildfires gave the moon over New York City an orange tint.
All beaches in Brooklyn and Queens, along with Jacob Riis Beach, are closed to swimming on Saturday and Sunday due to expected dangerous rip currents caused by Hurricane Ernesto.
As Hurricane Ernesto hits Puerto Rico and the U.S. Virgin Islands, people in the NYC worry about loved ones in the storm's path.
Matt Corey and Dr. Michael Goldstein won Republican nominations in Connecticut's primary elections Tuesday, according to the Associated Press.
Saturday will be mostly cloudy with some light showers. NYC beaches have a high rip current risk as Hurricane Ernesto moves up the coast.
The New Jersey attorney general's office on Friday released body cam video showing police officers shooting and killing Victoria Lee inside a Fort Lee apartment building in July.
A plume of smoke from Canadian wildfires gave the moon over New York City an orange tint.
Sen. Bob Menendez officially ended his election campaign on Friday, days before he is set to resign and just after Gov. Phil Murphy appointed a successor.
All beaches in Brooklyn and Queens, along with Jacob Riis Beach, are closed to swimming on Saturday and Sunday due to expected dangerous rip currents caused by Hurricane Ernesto.
Saturday will be mostly cloudy with some light showers. NYC beaches have a high rip current risk as Hurricane Ernesto moves up the coast.
Mayor Eric Adams is throwing his support behind Nassau County's new face mask ban and pushing for a similar law in NYC.
A plume of smoke from Canadian wildfires gave the moon over New York City an orange tint.
Former NYPD Officer John Mendola paid $40,000 to have his beloved dog Princess cloned, but should he have?
Walt Disney Parks and Resorts is trying to have a man's wrongful death lawsuit dismissed because he signed up for Disney+ streaming years earlier.
Mayor Eric Adams is throwing his support behind Nassau County's new face mask ban and pushing for a similar law in NYC.
"There's no doubt that control of the House runs through New York and runs specifically through the Hudson Valley," said New York Democratic Rep. Pat Ryan.
In North Carolina, Harris took note of falling inflation but added, "Still, we know that many Americans don't yet feel that progress in their daily lives."
Sen. Bob Menendez officially ended his election campaign on Friday, days before he is set to resign and just after Gov. Phil Murphy appointed a successor.
There have been significant developments in the corruption investigation into Mayor Eric Adams' 2021 campaign.
The New York State Department of Health issued a warning after the WHO declared an Mpox outbreak in Africa a global emergency.
Officials have been warning of a return to the pre-pandemic trends of pertussis, also known as whooping cough.
Drugmaker Lykos Therapeutics had asked the FDA to approve its MDMA capsules as part of a therapy regimen for treating PTSD. It says another study will take "several years."
Stone-like materials called slag tested positive for elevated levels of arsenic along the beach in Keyport, New Jersey, state officials said.
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.
"Happy Gilmore 2" is holding an open casting call for New Jersey "locals." Here's your chance to be an extra.
Taylor Swift's blockbuster "Eras Tour" resumed in London on Thursday after her concerts in Vienna were canceled earlier this month because of an alleged terror plot.
Gena Rowlands, hailed as one of the greatest actors to ever practice the craft, died at 94 on Wednesday, her representatives confirmed.
Taylor Swift has long called NYC's Greenwich Village home, and the city is celebrating with limited edition "Cornelia Street" signs.
In 1959 Carol Burnett burst onto the New York stage in the musical comedy "Once Upon a Mattress." In the new Broadway revival, two-time Tony-winner Sutton Foster recreates the role of Winnifred, a princess in search of a suitable mate.
Brandon Nimmo broke out of his slump with a three-run homer and Jeff McNeil launched a two-run shot, powering the New York Mets to a 7-3 win over the Miami Marlins.
Aaron Judge hit his major league-leading 44th home run and Gerrit Cole struck out eight in six innings as the New York Yankees beat the Detroit Tigers 3-0.
JJ Bleday hit his first career grand slam as the A's rallied for a 7-6 win over the Mets on Thursday.
Aaron Rodgers finished strong after a slow start during Thursday's joint practice with the Panthers.
Staten Island's South Shore Little League team played its first game of the 2024 Little League World Series on Thursday.
Co-founders of AMA Animal Rescue in Gravesend say they're unsure they can afford to keep their doors open.
A group of middle school students at a NYCHA development spent their summer designing a new youth space in their community center.
A Brooklyn man worries about water damage to his old home. He says the community garden next door is to blame.
An elderly NYCHA resident said she's been waiting months to be transferred from her building in the Bronx, and she can't put up with the poor living conditions any longer.
Richmond Hill residents Carol and Jack Wolf have the home of their dreams, and the sidewalk of their nightmares. The Wolfs say they were added to the city's repair waitlist in 2017..
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."
As much of the northeast experiences heavy rains, parts of New York City are beginning to flood.
Thousands of people flooded Union Square on Friday for a PlayStation giveaway promoted by livestreamer Kai Cenat.
Craig Allen has the Tri-State Area's updated Saturday forecast on CBS News New York.
Sixty FDNY and EMS personnel responded to the fire on Valentine Avenue in the the Bronx overnight.
NYC beaches are closed to swimming all weekend due to Hurricane Ernesto off shore. CBS News New York's John Dias reports.
CBS News New York's Lonnie Quinn has your First Alert Forecast for August 16 at 11 p.m.
A Ridgewood man is charged with pretending to be an MTA employee. Police say he was livestreaming what he was doing on social media, which helped officers catch him.