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.
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?
CBS News Business Analyst Jill Schlesinger shares tips for new graduates on paying for student loans while entering the workforce. For more analysis, go to www.jillonmoney.com. (05-09-2024)
CBS News business analyst Jill Schlesinger on how updates to FAFSA applications have made it easier for students and parents and answers if a four-year degree is worth the financial loans. (04-18-2024) Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
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.
CBS News Business Analyst Jill Schlesinger talks with Nicole Zaloumis about FAFSA’s status on over one million people applying for the SAVE program, which is also applicable for early debt cancelation. (01-18-2024)
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 payments resumed Sunday following a three-year pause brought on by the COVID-19 pandemic. More than 43 million Americans must now begin repaying loans, and about half are expected to be delinquent on their payments. Astrid Martinez reports.
After a three-year hiatus, interest on student loans begins piling up again on Friday, with payments due in October.
When President Joe Biden introduced his student loan repayment plan Saving on a Valuable Education – better known as SAVE – some borrowers in the Bay Area didn't waste time figuring out if they could qualify for lower payments.
Only one-third of borrowers are aware that loan repayments will restart in October, a new survey found.
The new income-driven repayment plan could cut borrowers' monthly payments in half, while some could see their monthly payments go down to $0.
The Biden administration announced they will forgive student loans for more than 800,000 borrowers who have made at least 20 years of payments. That forgiveness comes as the Education Department prepares to implement major changes to a repayment plan which will reduce borrowers' monthly payments. Errol Barnett has more on how this all may affect you.
Following last week's decision striking down President Joe Biden's plan to cancel student debt, the president is mulling another approach to help borrowers. Skyler Henry reports. (7/3/23)
The U.S. Supreme Court closed out its term with two crucial decisions, striking down President Joe Biden's student loan relief program and siding with a web designer who refuses to work with LGBTQ couples. Natalie Brand reports. (6/30/23)
"We'll use every tool at our disposal to get you the student debt relief you need to reach your dreams," President Biden said.
Oakland police say two people were killed and two others are in critical condition following a shooting Saturday morning.
A Santa Rosa man with multiple convictions for driving under the influence is again accused of driving drunk and causing a fatal collision on Friday.
A 54-year-old Petaluma man was arrested for allegedly attacking another man with a metal pipe, police said.
Authorities say the car-to-car shooting along Interstate 80 near Auburn Friday night that left two people hurt is an isolated incident.
Maurice Williams, who with his backing group the Zodiacs became one of music's great one-shot acts with the classic ballad "Stay," has died.
Oakland police say two people were killed and two others are in critical condition following a shooting Saturday morning.
A Santa Rosa man with multiple convictions for driving under the influence is again accused of driving drunk and causing a fatal collision on Friday.
A 54-year-old Petaluma man was arrested for allegedly attacking another man with a metal pipe, police said.
Authorities say the car-to-car shooting along Interstate 80 near Auburn Friday night that left two people hurt is an isolated incident.
Maurice Williams, who with his backing group the Zodiacs became one of music's great one-shot acts with the classic ballad "Stay," has died.
Five vehicles involved in sideshows earlier this summer have been located, seized and impounded for at least 30 days, San Francisco police said Friday.
The Polo Field at Golden Gate Park is being readied for another major concert event one week after Outside Lands.
A volunteer-run food cooperative in San Francisco's Mission District, which has been a lifeline for so many families, is now in desperate need of support to continue its vital work in the community.
After canceling joint practices because of a litany of injuries, San Francisco 49ers coach Kyle Shanahan plans to play several of his starters, including quarterback Brock Purdy, in an exhibition game against the New Orleans Saints.
A teenage girl was arrested after allegedly stabbing two victims and attacking an officer at a park in San Mateo Thursday evening, police said Friday.
Oakland police say two people were killed and two others are in critical condition following a shooting Saturday morning.
U.S. Secretary of the Navy told CBS News Bay Area that the military is seeking to identify the descendants of the 256 exonerated Port Chicago 50 defendants.
In recent months dozens of women who live at Westlake Christian Terrace in Oakland have been attacked as they leave the complex to go shopping.
Oakland police on Friday announced they have arrested an adult male and two teens in connection with the fatal shooting of a mother of eight who confronted alleged drug dealers in front of her home earlier this month.
Police in Berkeley asked the public to avoid the area where Adeline St. splits into Martin Luther King Jr. Way near the Ashby BART station Friday afternoon due to a deadly shooting investigation.
A Los Gatos nudist retreat that claims to be the oldest establishment of its kind west of the Mississippi is for sale.
Former UFC champion Cain Velasquez has admitted to his role in a 2022 pursuit and shooting involving a man suspected of molesting a relative, prosecutors in Santa Clara County announced Friday.
Two people were arrested in connection with a cold case homicide that took place in East San Jose in 2020, police announced Friday.
The death of a woman last week at a Gilroy home is being investigated as suspicious, police said Thursday.
Stepping inside the new Spartan Village on the Paseo in San Jose, it's almost hard to remember the building used to be a hotel.
A Santa Rosa man with multiple convictions for driving under the influence is again accused of driving drunk and causing a fatal collision on Friday.
A 54-year-old Petaluma man was arrested for allegedly attacking another man with a metal pipe, police said.
In Vallejo, it's been a summer of violence as residents and business owners are worried about safety, gun violence, and crime.
A North Bay man was arrested Friday for allegedly attacking a driver during a road rage incident earlier this month and tracking the victim down to harass him online.
Investigators used DNA to track down and arrest a suspect this week in the 1973 sexual assault and killing of a woman in Marin County.
After canceling joint practices because of a litany of injuries, San Francisco 49ers coach Kyle Shanahan plans to play several of his starters, including quarterback Brock Purdy, in an exhibition game against the New Orleans Saints.
Former UFC champion Cain Velasquez has admitted to his role in a 2022 pursuit and shooting involving a man suspected of molesting a relative, prosecutors in Santa Clara County announced Friday.
Las Vegas Convention and Visitors Authority president and CEO Steve Hill says he is optimistic three key documents needed to begin construction on a new stadium for the Athletics would be approved Dec. 5.
Logan Webb threw seven-plus shutout innings, Grant McCray had his first career hit and home run, and the San Francisco Giants beat the Atlanta Braves 6-0 on Thursday to avoid a sweep.
The Golden State Warriors released their NBA 2024-25 schedule, which will feature the return of Klay Thompson to the Bay Area and a Christmas Day matchup with the Los Angeles Lakers.
Oakland police say two people were killed and two others are in critical condition following a shooting Saturday morning.
A Santa Rosa man with multiple convictions for driving under the influence is again accused of driving drunk and causing a fatal collision on Friday.
A 54-year-old Petaluma man was arrested for allegedly attacking another man with a metal pipe, police said.
Five vehicles involved in sideshows earlier this summer have been located, seized and impounded for at least 30 days, San Francisco police said Friday.
An investigation into a gang in Stockton led to the seizure of 34 firearms and over $100,000 in suspected illegal proceeds, police said.
Should I freeze my credit? Here's what experts say, and how to stop bad actors from accessing your file.
The San Francisco City Attorney's office is suing companies that create "deepfake nudes," where artificial intelligence is used to turn photos of adults and children into pornography.
Cisco Systems says it is planning to lay off 7% of its employees.
Staring at an iPad screen too much may keep little kids from learning to control their emotions, a new study finds.
Google on Tuesday unveiled its next generation of Pixel phones, providing the maker of Android software a head start on the next iPhone in the race to bring more artificial-intelligence services to devices.
Parents and other caregivers urged to stop using loungers linked to 5 fatalities and an infant bed tied to 1 death.
Florida cucumber grower used untreated canal water found to be tainted with salmonella bacteria, laboratory tests found.
Trader Joe's reports 14 incidents of high flames, a handful resulting in minor burns and limited property damage.
Santa Clara County reported the first two cases of West Nile virus in 2024, including one patient who died at a hospital this month, health authorities said Wednesday.
Staring at an iPad screen too much may keep little kids from learning to control their emotions, a new study finds.
A volunteer-run food cooperative in San Francisco's Mission District, which has been a lifeline for so many families, is now in desperate need of support to continue its vital work in the community.
Vice President Kamala Harris released her first major economic policy proposal since entering the presidential race. The plan, aimed at middle-class voters, includes money for new homebuyers, expansion of the Child Tax Credit and government action on grocery prices. Nancy Cordes reports from Raleigh, North Carolina.
The Biden administration announced in April a new rule that expands Title IX's protections to LGBTQ students.
The debate over Proposition 36, the ballot measure would allow felony charges and increased sentences for theft and drug crimes, is heating up between Gov. Gavin Newsom and California's mayors.
The Medal of Honor is the nation's highest military award for bravery in combat, and the Presidential Medal of Freedom is the highest civilian honor.
As if it were just another day at work, San Francisco Fire Chief Jeanine Nicholson spoke to city leaders and colleagues who had gathered to celebrate her retirement at the city's fire department headquarters Wednesday.
In a tale of resilience and advocacy, Veronika Fimbres shares how her life changed dramatically when she moved from New York City to San Francisco over 25 years ago. Jose Martinez reports. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
San Francisco company the Parallel Opera is producing a special show entitled "Expansive" which celebrates the talents of gender nonconforming opera artists.
State lawmakers voted to make California the first state to officially observe Transgender History Month last year, partly thanks to the efforts of a Bay Area activist who lobbied for the move.
A popular gay bar in San Francisco is celebrating a major milestone.
Maurice Williams, who with his backing group the Zodiacs became one of music's great one-shot acts with the classic ballad "Stay," has died.
The Polo Field at Golden Gate Park is being readied for another major concert event one week after Outside Lands.
A week after the Outside Lands Music Festival drew tens of thousands of music fans to Golden Gate Park, promoter Another Planet Entertainment is presenting another big San Francisco concert Saturday featuring System of a Down, Sacramento's Deftones and more.
One of the most important bands to emerge from Los Angeles since the late 1970s returns to the Bay Area when pioneering punk outfit X plays two shows at the Guild Theatre starting Monday.
The public's thirst for true-crime cases is likely behind the fascination with the 2002 murder of pregnant Laci Peterson and the 2004 conviction of her adulterous husband Scott, which are featured in two new documentary series.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
CBS News Bay Area evening edition headlines for Saturday Aug. 17, 2024. Watch full newscasts streamed at the CBS SF website or on the app. Website: http://kpix.com
Meteorologist Zoe Mintz has the Bay Area microclimate weekend forecast.
The Polo Field at Golden Gate Park is being readied for another major concert event one week after Outside Lands. Andrea Nakano reports. (8-16-24) Website: http://kpix.com YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: http://www.facebook.com/CBSSanFrancisco Instagram: http://www.instagram.com/KPIXtv Twitter: http://twitter.com/KPIXtv
Oakland and Berkeley are the first two cities in state history to allow 16 and 17-year-olds to vote in school board elections. Kevin Ko reports. (8-16-24)
In recent months dozens of women who live at Westlake Christian Terrace in Oakland have been attacked as they leave the complex to go shopping. Kelsi Thorud reports. (8-16-24) Website: http://kpix.com YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: http://www.facebook.com/CBSSanFrancisco Instagram: http://www.instagram.com/KPIXtv Twitter: http://twitter.com/KPIXtv
Swimming lessons are not simply a summer activity but a weekly highlight for differently-abled children in a popular aquatic program that has lasted for more than three decades.
A Marin County couple is kicking off their 20th year making sure senior citizens don't go hungry, and they have no plans to retire even though they're older than some of the people they serve.
A San Mateo man who serves formerly unhoused military veterans is expanding his mission to reach more of the county's 24,000 veterans.
A Palo Alto woman who opened the first inclusive playground in the Bay Area for people of all abilities is spreading her magic throughout the region and beyond.
A Marin County woman who provides four-legged emotional support for first responders has expanded her nonprofit across the country.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.
A onetime pupil has now become a student advisor, giving back after years of mentorship led him to success.
Police departments all over the country are having a hard time finding new officers, but one Bay Area student is criss-crossing the world while preparing for a career in law enforcement here at home.