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.
More than $345 million in debt will be forgiven for about 18,000 Pennsylvanians who attended The Art Institutes.
Glitches in this year's Free Application for Federal Student Aid, or FAFSA, have millions of students waiting to hear how much college will cost. FAFSA completions are down significantly this year as well, experts say.
This round of Biden's student loan forgiveness proposals targets the interest that adds up over time on student loans.
The new FAFSA is meant to make it easier to apply for federal student aid, but the program's launch has been riddled with technical difficulties.
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.
As student loan repayments restart in October, the Biden administration said 125,000 people with student loans will have their debt erased.
Americans with student loan debt need to begin repaying their loans again after a hiatus of more than three years.
About 44 million Americans with student debt must start repaying their student loans, a change that could impose a financial strain on many households after a three-and-a-half-year hiatus.
Late last week, interest began accruing again for federal student loans after it was stopped in March 2020 to help people during the COVID-19 pandemic.
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.
Many graduates aren't earning enough to even pay down their interest, causing loans to snowball.
Unlike Biden's blocked one-time forgiveness program, the new repayment plan will provide benefits for both current and future borrowers who sign up for it.
Eligible borrowers can now enroll in a new income-driven repayment plan that could lower their monthly bills and reduce the amount they pay back over the lifetime of their loans.
Nearly 30,000 Pennsylvanians have been approved for more than $1.3 billion under Biden's IDR forgiveness plan.
Loan payments are set to resume later this year after a pandemic pause. Friday's ruling comes as a blow to millions of borrowers who were hoping for help as everything costs more these days. Joe Holden spoke to some of the worried borrowers.
Biden addressed the nation after the Supreme Court struck down his student loan relief program in a 6-3 decision that upended a key campaign promise. READ MORE: https://cbsloc.al/434FNNa
"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 Supreme Court struck down President Biden's student loan forgiveness plan, denying relief to 40 million Americans who stood to benefit from the program.
A three-year pause on student loan payments will end this summer regardless of how the Supreme Court rules on the White House plan to forgive billions of dollars in student loan debt.
The debt ceiling deal includes a provision to end the pandemic-related federal student loan payment pause
The debt ceiling deal includes a provision to end the pandemic-related federal student loan payment pause
Sunday brings us the coldest day so far — which is coincidentally the first full day of winter.
The Cleveland Cavaliers had a 126-99 victory over the Philadelphia 76ers on Saturday night.
The Philadelphia Flyers snapped a three-game losing streak with a 5-4, come-from-behind win over the Columbus Blue Jackets.
Party City informed employees in an email on Friday that it was conducting an immediate "mass layoff" at its headquarters.
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
Sang Kee Peking Duck House was closed for about a week after a flood of steam damaged the electrical system and fire alarm inside.
Sunday brings us the coldest day so far — which is coincidentally the first full day of winter.
The Cleveland Cavaliers had a 126-99 victory over the Philadelphia 76ers on Saturday night.
From the electrifying sounds of the Trans-Siberian Orchestra to the Flyers' "Holiday Spectacular," here's your guide to a memorable holiday weekend.
Bridge repairs will cause lane closures on I-95 in Philadelphia on Sunday night, PennDOT says.
Dominic DeLuca and Tony Rojas returned interceptions for touchdowns and Penn State toyed with mistake-prone SMU in a 38-10 victory in the opening round of the College Football Playoff.
Joel Embiid is trying to believe in the good that can come from asking someone for help.
Sang Kee Peking Duck House was closed for about a week after a flood of steam damaged the electrical system and fire alarm inside.
Chilly weather is gripping Pennsylvania, New Jersey and Delaware into the holiday season. Here are some places to keep warm.
Bridge repairs will cause lane closures on I-95 in Philadelphia on Sunday night, PennDOT says.
Chilly weather is gripping Pennsylvania, New Jersey and Delaware into the holiday season. Here are some places to keep warm.
A New Jersey drone pilot says most sightings are easily explained after people have been reporting mysterious drones in the state for weeks.
The season of giving is on full display after a fire tore through a Camden County police officer's home this week.
Snow and rain are falling in the Philadelphia region, which could make the evening commute messy for holiday travelers.
A community of Eagles fans is helping this South Jersey man diagnosed with terminal cancer to fulfill his final wish
Chilly weather is gripping Pennsylvania, New Jersey and Delaware into the holiday season. Here are some places to keep warm.
Snow and rain are falling in the Philadelphia region, which could make the evening commute messy for holiday travelers.
The official start of winter, and the shortest day of the year, is Saturday, Dec. 21.
White Christmases are rare in the Delaware Valley, and this year is no exception.
By 3 p.m. Wednesday, light showers will break out across the Philadelphia region.
Dale and Steve Berkley spent countless hours at St. Christopher's Hospital for Children in Philadelphia with their granddaughter, who was treated for cancer.
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
A device used in South Jersey is a game-changer for people with inflammatory bowel disease as an alternative to invasive screenings.
Sounds of the holiday season filled St. Jerome Church courtesy of visually impaired students from Saint Lucy's performing a Christmas concert.
Feds warn against eating multiple products containing the vegetable, including salads, wraps, party trays and meal kits.
Sang Kee Peking Duck House was closed for about a week after a flood of steam damaged the electrical system and fire alarm inside.
More than 80% of retailers rolled out stricter return policies last year, research shows.
The mall many in Northeast Philadelphia still know as Franklin Mills is now called Franklin Mall.
By HUGHE_DILLON
By HUGHE_DILLON
Bridge repairs will cause lane closures on I-95 in Philadelphia on Sunday night, PennDOT says.
Philadelphia will add 14 speed cameras to Broad Street in hopes of making the road safer for drivers and pedestrians.
New data from PennDOT suggests technology is improving safety after rear-end crashes plagued the Schuylkill Expressway for years.
The southbound lanes of I-95 have reopened between the I-676 East and Market Street exits because a pedestrian was struck.
Philadelphia's annual Vision Zero report shows Roosevelt Boulevard is getting safer but Broad Street is getting more dangerous.
The Cleveland Cavaliers had a 126-99 victory over the Philadelphia 76ers on Saturday night.
The Philadelphia Flyers snapped a three-game losing streak with a 5-4, come-from-behind win over the Columbus Blue Jackets.
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
Joel Embiid is trying to believe in the good that can come from asking someone for help.
Joel Embiid had 34 points and nine assists after missing a game because of a sinus fracture, helping the Philadelphia 76ers beat the Charlotte Hornets 108-98 on Friday night.
Meet the winner of this weekend's Jason Kelce look-alike contest: Paul Crossley of Fishtown.
If you've found yourself caught up in the chaos of the holiday season and are looking to slow things down and enjoy a weekend of celebration, then you've come to the right place.
The cost of YouTube TV has soared nearly 140% since the streaming platform launched in 2017.
The transformative power of music is bringing hope and holiday cheer to people facing poverty in Philadelphia.
Mindy Kaling and Morris Chestnut announced the nominations for the 82nd annual Golden Globes, with 10 nominees revealed live on CBS News.
Ukee Washington reports.
Natasha Brown reports.
Natasha Brown reports.
Natasha Brown reports.
Ukee Washington reports.
Middle school students in Philadelphia got the opportunity to do hands-on learning during the school district's five-day career and technical camp.
With her Girl Talk mentoring program, one Philadelphia teen turned her camp days into a safe space to discuss social issues young girls face every day.
Recent high school graduate Sylvain Farrell says his temporary position at a local clinic is the pathway to a full-time career.
A Philadelphia student won an award from NFL Films for his documentary on bringing back sports teams at his Kensington school.
A group of East Norriton eighth graders took what started as an Earth Day project and made a whole initiative.
Despite the cold weather, flight tracking website FlightAware says there's been less than 300 delayed flights out of Philadelphia International Airport on Saturday. Meteorologist Andrew Kozak has your NEXT Weather forecast.
Back in business. A popular restaurant in Chinatown reopened its doors on Saturday after the business was shuttered because of a potential safety hazard. We first told you about the sudden shutdown at Sang Kee Peking Duck House last weekend. Ryan Hughes has the follow-up.
Despite the cold, the weather gets better as we get closer to Christmas Day. Meteorologist Andrew Kozak has the latest forecast.
We are learning new details about a crash that left a man seriously injured in Bear, Delaware. A man was driving a car that slammed into the back of a truck on Summit Bridge Road near Brennan Boulevard Thursday night. The investigation revealed the truck was stopped at the traffic light but for reasons still unknown the car did not stop.
Philadelphia and cities across the country are marking Homeless Persons' Memorial Day. Project HOME hosted a gathering at Shakespeare Park near 20th and Vine in Logan Square. They remembered the homeless men and women who died in Philadelphia this year. Homeless Persons' Memorial Day occurs on or around winter's first day.