Student loan relief: Only weeks left to apply for major program
Teachers and other public servants need to apply soon to ensure they are considered for a one-time waiver.
Teachers and other public servants need to apply soon to ensure they are considered for a one-time waiver.
The Biden administration says that the application to apply for student loan debt forgiveness will be accessible this month. But not all of the roughly 40 million borrowers are eligible. Danielle Douglas-Gabriel, higher education reporter for The Washington Post, joins CBS News to discuss.
Six Republican-led states are suing to block President Biden's student loan forgiveness plan. Terry Haines, the founder of Pangaea Policy, joins CBS News to discuss the suits and the latest developments on the administration's plan.
Forecast from Congressional Budget Office estimates extending repayment pause will cost another $20 billion.
Multiple states could tax loans forgiven under President Biden's student debt plan. Jared Walczak, with the Tax Foundation, explains the complexity of current tax laws and how they could affect borrowers.
The application could be ready in early October and millions will be jockeying to get their loans relieved quickly.
Loan forgiveness won't trigger federal taxes, but some borrowers could owe up to $1,100 in state taxes, analysis finds.
The Education Department announced Tuesday it will discharge loans for students who attended the for-profit Westwood College.
Federal reserve chair Jerome Powell has warned there will be "some pain" for Americans in the fight to reduce inflation. Gene Sperling, senior adviser to the president, joins CBS News' John Dickerson to discuss the state of the economy.
Following the White House's announcement of a sweeping student debt reform package, some are expressing concerns that the plan could result in higher inflation. Marc Goldwein, senior policy director at the Committee for a Responsible Federal Budget, joins "CBS News Mornings" to explain the impact the move could have on inflation and the federal deficit.
About $400 billion in debt could be forgiven. But some economists say the impact on the economy is likely to be minimal.
Many people with student loans remain mired in debt for years despite making payments. The White House wants to fix that.
The Biden administration's latest plan on student loan debt could provide relief to up to 43 million Americans. CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss loan forgiveness eligibility and next steps for borrowers.
The Department of Education now has a plan to forgive up to $10,000 of student debt for those making less than $125,000 or couples making less than $250,000. In addition, borrowers who received Pell Grants to pay for college may be eligible for up to $20,000 forgiven. Chief White House correspondent Nancy Cordes reports from Washington.
While many are cheering for President Biden's plan to provide federal student loan relief, others are questioning just how it will be paid for. CBS News' Bradley Blackburn joins "CBS News Mornings" with a closer look.
President Biden unveiled his plan to cancel billions of dollars in student loan debt, saying it will benefit 43 million Americans earning less than $125,000 a year. Pell Grant recipients will receive up to $20,000 in relief, while other borrowers can get up to $10,000 in debt cancellation. The pause on federal loan payments will also be extended until the end of the year. Roy Paul, executive director of Cents Ability, joins CBS News to discuss the economic impact of this plan.
President Biden said Wednesday he is taking action to cancel up to $10,000 in federal student loan debt for millions of Americans and an additional $10,000 for low-income borrowers while extending a pause on monthly payments, delivering long-awaited relief just weeks before the midterm elections. Watch his announcement.
More than 40 million Americans may qualify, with income the main factor that determines who qualifies for relief.
Most of the benefit of erasing college loans would go to households earning below $88,000, new analysis finds.
The pause on student loan payments is set to expire at the end of the month.
Results of primaries in Wyoming and Alaska; Biden administration cancels $3.9B in student debt
These colleges come with a hefty price tag
The Biden administration extended the payment pause in April through August 31.
More than half a million students who attended the for-profit Corinthian Colleges chain will have their federal student debt erased, the Biden administration announced.
Vice President Kamala Harris announced the Biden administration will cancel all student loan debt accumulated by former students of the now defunct Corinthian Colleges. But Washington Post opinion columnist Helaine Olen says student loan forgiveness isn't enough. She joined CBS News' Tanya Rivero and Nikki Battiste to discuss.
Scott Bessent, the founder of the Connecticut-based hedge fund Key Square Group, had been making a full-court press for the post.
Trump's sentencing in the "hush money" case has been delayed by a New York judge.
Russia's new intermediate-range ballistic missile has NATO members on edge after the missiles were used in a strike on Ukraine early Thursday morning.
Republican Rep. Lori Chavez-DeRemer of Oregon, who narrowly lost her reelection bid earlier this month, received strong backing from union members in her district.
President-elect Donald Trump has nominated a critic of COVID-19 health measures to lead the Food and Drug Administration.
Most Haitian migrants in Springfield, Ohio, live there legally through Temporary Protected Status, which President-elect Donald Trump has vowed to end.
Highly Pathogenic Avian Influenza — also known as bird flu — is killing layer hens and reducing the nation's egg supply.
Alice Brock, whose Massachusetts-based eatery helped inspire Arlo Guthrie's deadpan Thanksgiving standard, "Alice's Restaurant," has died at age 83.
In a brief statement, NATO said Trump and its secretary general, Mark Rutte, met on Friday in Palm Beach, Florida.
Cynthia Erivo, Ariana Grande, AMC and fans react to the debate over in-theater singing during "Wicked."
Alice Brock, whose Massachusetts-based eatery helped inspire Arlo Guthrie's deadpan Thanksgiving standard, "Alice's Restaurant," has died at age 83.
President-elect Donald Trump has nominated a critic of COVID-19 health measures to lead the Food and Drug Administration.
Ernie and Cheryl Johnson had planned to hold onto their late son Michael's quirky key collection forever. But then they met 6-year-old Cooper Kivett.
Most Haitian migrants in Springfield, Ohio, live there legally through Temporary Protected Status, which President-elect Donald Trump has vowed to end.
If confirmed, Bessent would runn the department that manages the nation's finances as well as its tax agency, the Internal Revenue Service.
Scott Bessent, the founder of the Connecticut-based hedge fund Key Square Group, had been making a full-court press for the post.
A jury ruled that Walmart must pay a former employee almost $35 million after finding that the retailer defamed him.
Highly Pathogenic Avian Influenza — also known as bird flu — is killing layer hens and reducing the nation's egg supply.
The Universal Service Fund was created by Congress in 1996.
In a brief statement, NATO said Trump and its secretary general, Mark Rutte, met on Friday in Palm Beach, Florida.
President-elect Donald Trump has nominated a critic of COVID-19 health measures to lead the Food and Drug Administration.
Republican Rep. Lori Chavez-DeRemer of Oregon, who narrowly lost her reelection bid earlier this month, received strong backing from union members in her district.
If confirmed, Bessent would runn the department that manages the nation's finances as well as its tax agency, the Internal Revenue Service.
Scott Bessent, the founder of the Connecticut-based hedge fund Key Square Group, had been making a full-court press for the post.
Glioblastoma typically kills within 18 months, but a new type of treatment has kept Nadya El-Afandi's scans clear 17 months after diagnosis.
Laboratory findings show that Yu-Shang Food ready-to-eat meat and poultry products were making people sick, the CDC said.
More than half of the cases involve students, parents and guests of Rockwood Summit High School who attended events where food from Andre's Banquets and Catering was served.
Researchers have identified a chemical in certain tap water across the United States as chloronitramide anion. Here's what to know.
Whole Foods Market stores in five states sold recalled carrots and celery sticks that could contain E. coli.
In a brief statement, NATO said Trump and its secretary general, Mark Rutte, met on Friday in Palm Beach, Florida.
Under the Philippine penal code, such public remarks may constitute a crime and can be punishable by a jail term and fine.
The police chief killed himself with his own weapon as marines, National Guard and soldiers closed in to try to arrest him, prosecutors said.
Russia's new intermediate-range ballistic missile has NATO members on edge after the missiles were used in a strike on Ukraine early Thursday morning.
Daisy's mission is two-fold: To waste scammers' time so they can't speak to real people and to draw attention to fraud by warning consumers to be vigilant.
CBS Saturday Morning co-host Michelle Miller and her husband Marc Morial were awarded New York City's Key to the City this week to honor their work in civil rights and philanthropy. New York City has been giving select people the honor since 1702.
Cynthia Erivo, Ariana Grande, AMC and fans react to the debate over in-theater singing during "Wicked."
Alice Brock, whose Massachusetts-based eatery helped inspire Arlo Guthrie's deadpan Thanksgiving standard, "Alice's Restaurant," has died at age 83.
Delicious menu suggestions from top chefs, cookbook authors, food writers, restaurateurs, and the editors of Food & Wine magazine.
Ridley Scott returns to ancient Rome with "Gladiator II" nearly 25 years after the Oscar-winning original.
Black Friday is almost here, but some of the hottest tech items are already on sale. CNET senior editor Lisa Eadicicco joins CBS News to discuss high-demand gifts and what retailers offer the best prices.
Daisy's mission is two-fold: To waste scammers' time so they can't speak to real people and to draw attention to fraud by warning consumers to be vigilant.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Australian legislators introduced a landmark bill Thursday to ban social media for children under 16. CBS News London's Leigh Kiniry reports on what this could mean for social media companies.
The Department of Justice on Wednesday filed a motion calling for Google to sell its Chrome search engine, arguing in court documents that "the playing field is not level." The Justice Department is also recommending dissolving any contracts in which Google is the default search engine on devices such as iPhones. Kelly O'Grady explains.
This winter, the National Oceanic and Atmospheric Administration predicted above-average temperatures throughout the U.S. because of a "slowly developing" La Niña pattern. CBS News Sacramento meteorologist Tracy Humphrey reports on the changing winter conditions.
The only emperor penguin known to have swum from Antarctica to Australia was released at sea 20 days after he waddled ashore on a popular tourist beach.
A volcano erupted in southern Iceland, near the town of Grindavík and the Blue Lagoon spa, marking the region's seventh eruption in a year.
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
Large wildfires fueled by climate change have destroyed tens of millions of acres of forests in the Pacific Northwest in recent years. Jonathan Vigliotti explores a major effort underway to restore those forests.
The police chief killed himself with his own weapon as marines, National Guard and soldiers closed in to try to arrest him, prosecutors said.
Former general Mario Montoya and his family are barred from traveling to the U.S., Secretary of State Antony Blinken said.
Prosecutors said eight people were detained following searches carried out in Belgium and the Netherlands earlier this month.
The man was arrested on an unrelated carjacking warrant and admitted to killing his roommate and her pet.
Leilani Simon was spared the maximum punishment of life without a chance of parole.
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
The ninth Blue Origin space tourism flight launched from West Texas Friday morning. CBS News space consultant Bill Harwood and space expert Scott Heidler offered analysis of the flight.
President-elect Donald Trump attended SpaceX's sixth flight test of its Super Heavy-Starship on Tuesday with CEO Elon Musk. The burgeoning friendship between the two men played a key role in Trump's reelection, with Musk now set to run a government efficiency agency in the coming months. CBS News political reporter Jake Rosen and Politico aviation reporter Oriana Pawlyk join "America Decides" with more.
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
Researchers analyzed lunar soil brought back by China's Chang'e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
In much of the world, women cook more meals than men, outpacing them by a 2-to-1 edge. But Italy, already renowned for its food, bucks that trend.
CBS Saturday Morning co-host Michelle Miller and her husband Marc Morial were awarded New York City's Key to the City this week to honor their work in civil rights and philanthropy. New York City has been giving select people the honor since 1702.
On this edition of CBS Mornings Deals, we show you items that might just become essentials in your everyday life. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Both the NFL and NBA have issued alerts this week warning players that a recent series of break-ins and robberies at the homes of athletes may not be a coincidence.
Two men form a friendship over their love of the U.S. A group helps make travel more comfortable for kids with autism. Plus, more heartwarming stories.