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."
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.
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.
As Sonoma County has been hit hard by the atmospheric river storm, the Russian River has risen higher than originally forecast and is reaching flood stage as of Friday evening.
Alice Brock, whose Massachusetts-based eatery helped inspire Arlo Guthrie's deadpan Thanksgiving standard, "Alice's Restaurant," has died at age 83.
A third day of an atmospheric river storm has inundated Northern California and the Bay Area, flooding creeks, roads, and low-lying areas across the region.
Laboratory findings show that Yu-Shang Food ready-to-eat meat and poultry products were making people sick, the CDC said.
A 10-year-old girl from Antioch is being credited for thwarting an attempted carjacking of her mother's vehicle by fighting off a would-be thief on Wednesday, police said.
As Sonoma County has been hit hard by the atmospheric river storm, the Russian River has risen higher than originally forecast and is reaching flood stage as of Friday evening.
Alice Brock, whose Massachusetts-based eatery helped inspire Arlo Guthrie's deadpan Thanksgiving standard, "Alice's Restaurant," has died at age 83.
A third day of an atmospheric river storm has inundated Northern California and the Bay Area, flooding creeks, roads, and low-lying areas across the region.
Laboratory findings show that Yu-Shang Food ready-to-eat meat and poultry products were making people sick, the CDC said.
A 10-year-old girl from Antioch is being credited for thwarting an attempted carjacking of her mother's vehicle by fighting off a would-be thief on Wednesday, police said.
Flash flood warnings were issued Friday afternoon for several Bay Area counties where instances of flooding deemed "life-threatening" were occurring.
Prosecutors rested their case Thursday in the trial of Nima Momeni, the tech consultant accused of fatally stabbing Cash App founder Bob Lee in April 2023.
A 48-year-old man was found guilty of carjacking an Uber driver in San Francisco in January, according to prosecutors.
Police in Redwood City arrested a middle-school student Thursday suspected in a robbery that may be tied to an attempted homicide.
San Mateo County lawmakers are placing new pressure on Sheriff Christina Corpus to step down following a damaging report alleging widespread misconduct by the Sheriff's Office, which includes reference to a series of text messages.
A 10-year-old girl from Antioch is being credited for thwarting an attempted carjacking of her mother's vehicle by fighting off a would-be thief on Wednesday, police said.
BART's San Leandro station was closed Friday afternoon because of police activity, the agency said.
A California child was confirmed to be the first U.S. child to become infected with bird flu, the U.S. Centers for Disease Control and Prevention announced Friday.
After a decade of planning, Costco in Pleasanton is set to open the day before Thanksgiving. Despite storms in the forecast, some shoppers began camping out with tents and canopies a week ahead of time.
Sevan Ikeda, a 17-year-old senior, could be the first student from California School for the Deaf in Fremont to qualify for the Cross Country State Championships three times.
The manager of a boxing gym in San Jose has been arrested on felony sexual assault charges after he allegedly committed sex crimes against three women, prosecutors said.
In Pacifica, like other spots along the coast, the potentially dangerous surf conditions are more of an issue than the rain.
Police in the South Bay have made an arrest after a man was found fatally shot in Morgan Hill on Wednesday morning.
Eataly, the gourmet Italian marketplace blending restaurants, cafes, and specialty products, offers an immersive experience designed to transport visitors straight to Italy.
A Mountain View barber accused in multiple sexual assaults in which the victims were unconscious has fled from prosecution and is now a fugitive, authorities said Wednesday.
As Sonoma County has been hit hard by the atmospheric river storm, the Russian River has risen higher than originally forecast and is reaching flood stage as of Friday evening.
Downtown Petaluma is already decked out for the holidays. But something is missing: 60 strategically placed purple bins placed as part of a plan to reduce disposable cup waste.
Authorities in Sonoma County have identified the person killed when a boat capsized near Bodega Bay on Monday, one of a series of recent fatal incidents in the area this month.
With the rainy season beginning, researchers are looking at how much water will be captured.
In Santa Rosa, a steady rain fell all day Wednesday leading to some localized flooding and road closure plus flood watches and flood advisories.
San Francisco 49ers quarterback Brock Purdy will miss Sunday's game against the Green Bay Packers with a sore throwing shoulder.
A trailblazing coach for the San Francisco Giants is leaving the team for another MLB gig.
Sevan Ikeda, a 17-year-old senior, could be the first student from California School for the Deaf in Fremont to qualify for the Cross Country State Championships three times.
Former Golden State Warriors basketball executive Bob Myers was appointed to the University of California Board of Regents on Thursday, UC officials announced.
The Green Bay Packers have lost to San Francisco in the playoffs three times in the last five seasons and wouldn't mind seeing the 49ers miss the postseason entirely.
A 10-year-old girl from Antioch is being credited for thwarting an attempted carjacking of her mother's vehicle by fighting off a would-be thief on Wednesday, police said.
BART's San Leandro station was closed Friday afternoon because of police activity, the agency said.
The manager of a boxing gym in San Jose has been arrested on felony sexual assault charges after he allegedly committed sex crimes against three women, prosecutors said.
Prosecutors rested their case Thursday in the trial of Nima Momeni, the tech consultant accused of fatally stabbing Cash App founder Bob Lee in April 2023.
A 48-year-old man was found guilty of carjacking an Uber driver in San Francisco in January, according to prosecutors.
Prosecutors rested their case Thursday in the trial of Nima Momeni, the tech consultant accused of fatally stabbing Cash App founder Bob Lee in April 2023.
The proposed breakup calls for Google to sell its industry-leading Chrome web browser and impose restrictions designed to prevent its Android smartphone software from favoring its search engine.
Reddit says it's investigating after users on Wednesday reported problems connecting to the online forum.
A study found that Elon Musk is the most common celebrity used in deepfake scams.
Autonomous vehicle company Cruise LLC agreed to a $500,000 fine Thursday after admitting to a false report following a crash last year in which one of its vehicles dragged a pedestrian in San Francisco.
A California child was confirmed to be the first U.S. child to become infected with bird flu, the U.S. Centers for Disease Control and Prevention announced Friday.
Whole Foods Market stores in five states sold recalled carrots and celery sticks that could contain E. coli.
The FDA sent a warning letter flagging "significant violations" of manufacturing regulations for Tom's of Maine toothpaste.
Officials with the California Department of Public Health (CDPH) said they have identified a possible bird flu case in a child in Alameda County.
The first case in the U.S. of a more severe strain of mpox was reported in San Mateo County, the California Department of Public Health said.
Trump's sentencing in the "hush money" case has been delayed by a New York judge.
The Supreme Court issued its first opinion of the term, a one-line decision dismissing Facebook's appeal.
California Gov. Gavin Newsom traveled into a part of the state that supports President-elect Donald Trump Thursday, speaking about jobs in a county that flipped from Democrat to Republican support this election cycle.
President-elect Donald Trump made the announcement Thursday evening after Matt Gaetz withdrew himself from consideration.
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
In many Indigenous cultures across the Americas, gender is recognized as fluid, contrasting sharply with Western norms. Jose Martinez reports.
In many Indigenous cultures across the Americas, gender is recognized as fluid, contrasting sharply with Western norms.
As San Jose State University women's volleyball team gears up for their final games of the regular season, a new lawsuit is challenging their post-season eligibility.
Festivities began Friday for Dia de los Muertos -- or Day of the Dead, with those who celebrate preparing altars to honor family members who have passed.
A jury in Santa Clara County on Wednesday convicted a Milpitas man of murder for killing his transgender partner in 2021, prosecutors said.
Alice Brock, whose Massachusetts-based eatery helped inspire Arlo Guthrie's deadpan Thanksgiving standard, "Alice's Restaurant," has died at age 83.
CBS News' Anthony Mason joins Paul Simon on a trip to the Stanford Initiative to Cure Hearing Loss, to explore how researchers are getting closer to finding answers about repairing and preventing hearing loss.
One of the seminal modern jazz-funk bands to emerge during the early '90s "rare groove" revival, fiery quintet the Greyboy Allstars bring their potent grooves to the Bay Area for three shows starting Thursday.
San Francisco welcomes the return of the Sun Ra Arkestra, presenting the interstellar sounds of the late bandleader's sprawling Afrofuturist ensemble for three nights at the Great American Music Hall starting Friday.
Anchored by the McDonald brothers Steven and Jeff for 45 years, Redd Kross brings its mix of punk energy and pop hooks to the Chapel Sunday night, showcasing songs from their acclaimed new self-titled album.
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 Friday, Nov. 22, 2024. Watch full newscasts streamed at the CBS SF website or on the app.
As Sonoma County has been hit hard by the atmospheric river storm, the Russian River has risen faster than expected and has reached flood stage as of Friday evening. Wilson Walker reports.
It was a gloomy and soggy Friday on the Peninsula, as the atmospheric river that was stalled over the North Bay finally made its way south. Sooji Nam reports.
The atmospheric river storm is set to dump even more snow on the Sierra Friday night and this weekend. Meanwhile, skiers and snowboarders are already hitting the slopes as resorts open. Brady Halbieb reports.
Expect rain to continue Friday night, with the most intense rain in the East Bay and South Bay as the evening progresses. On Saturday, expect showers early, tapering off in the afternoon. Paul Heggen has the forecast.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
An Oakland woman has brought the joy of dance and an appreciation for African American culture to performers and audiences for 52 years.
This week's Jefferson Award winner is a Berkeley woman who has promoted child literacy for four decades, as host of a community TV show encouraging young poets.
With hate crimes on the rise in the U.S., a pair of Oakland women have been equipping people with self-defense tools for free.
If a picture is worth a thousand words, what are two million photos worth? A history of Asian Americans in the Bay Area, for this week's Jefferson Award winner.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
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.