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As midterms near, debate over student loan forgiveness heats up
More than 43 million borrowers hold more than $1.6 trillion in federal student loan debt.
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More than 43 million borrowers hold more than $1.6 trillion in federal student loan debt.
Interest rates will be 4.99% for undergraduate loans, 6.54% for graduate loans and 7.54% for PLUS loans for the 2022-2023 year.
43 million Americans now carry more than $1.7 trillion in student debt. With some questioning the value of a college degree, efforts are being made to eliminate college from many corporations' job requirements, while promoting skills training for "new-collar jobs."
Student debt has become a national crisis, with 43 million Americans carrying more than $1.7 trillion in debt. With some questioning the value of a college degree, efforts are being made to eliminate college from many corporations' job requirements, while promoting skills training for "new-collar jobs." Correspondent David Pogue talks with Wharton School of Business professor Peter Cappelli; Ken Frazier and Ginni Rometty of the OneTen Coalition; and with young people taking different approaches to higher education and the workforce.
The college posted a video of the commencement ceremony with the students being told, "You are debt-free."
President Joe Biden is considering options for tackling student loan debt, and while some are calling for total forgiveness, others have spoken out against such a policy. CBS MoneyWatch reporter Megan Cerullo joins "CBS News Mornings" to explain some of the concerns that are being raised.
"I'm in the process of taking a hard look at whether or not there will be additional debt forgiveness," the president said.
The pause's extension from the beginning of May to the end of August will add an estimated $20 billion to the deficit.
President Biden reportedly made broad comments about considering his options in canceling student loan debt during a meeting Monday with members of the Congressional Hispanic Caucus. CBS News reporter Sarah Ewall-Wice has more on what the president said in that meeting, and the latest on the administration's efforts to forgive student debt.
"Democrats win when Democrats are in touch with the American people and what's happening to them," she told "Face the Nation."
As the White House mulls canceling debt, a new study from the New York Fed details how different proposals would affect borrowers.
U.S. Secretary of Education Miguel Cardona joins CBS News’ Tanya Rivero and Mola Lenghi to talk about the Biden administration’s latest actions on student loan debt and future policy decisions.
The Biden administration is taking further steps to ease the burden of student loans, announcing changes that would result in debt forgiveness for some 40,000 borrowers. CBS News political reporter Caitlin Huey-Burns has more on the reaction from lawmakers on Capitol Hill.
Despite their student debt, only 10% said in retrospect they would skip higher education.
The White House extended the federal student loan payment pause through August 31, but has not announced a decision about wiping out debt.
President Biden announced his administration is extending the pause on student loan repayments until August 31. Calls are growing from students and lawmakers to cancel the debt altogether. J.W. Mason, an assistant professor of economics at John Jay College, joined Tanya Rivero to discuss.
The moratorium on federal student loan repayment has been extended through the end of August. Politico education reporter Michael Stratford joins "CBS News Mornings" to discuss the economic impacts of the pause on payments and the significance of the new expiration date.
A South African judge said the former accounting student spent almost $1,000 per day for months after a clerical error dumped the cash in her account.
CBS News intelligence and national security reporter Olivia Gazis tells "Red and Blue" about President Biden's call with Ukrainian President Zelenskyy, as well as intelligence that Russian President Putin apparently believes his military has misled him. USA Today White House reporter Rebecca Morin talks about the Title 42 immigration measure being set to end in May and the lack of action on cancelling college loan debt.
Democrats are growing concerned that the president's lack of action on student loan debt could cost the party votes in the midterm elections. John King, former education secretary under President Obama and Maryland gubernatorial candidate, joined CBS News' Nikki Battiste and Tanya Rivero to speak out in favor of broad student debt cancellation.
The Education Department has identified a total of 100,000 student loan borrowers eligible to have their debt canceled since the Biden administration made changes to the Public Service Loan Forgiveness program.
The latest round of loan forgiveness brings the total amount approved by the department to approximately $2 billion for more than 107,000 borrowers.
More than 45 million people in the U.S. owe nearly $2 trillion in student debt. Some colleges and universities are helping to reduce the ballooning loan crisis. Nate Burleson visited America's oldest HBCU to see how the clearing of some tuition debt is changing students' lives.
Erasing student debt often seems like an impossible dream, even when people declare bankruptcy. But it can be done.
Borrowers with total and permanent disabilities can already apply for elimination of their student loan debt.
Former New York congressman George Santos is expected to enter a guilty plea in federal court Monday on Long Island.
The landscape is changing radically for Americans buying and selling property, as well as for real estate agents.
August's full moon, a rare blue moon and supermoon, will look full starting today. Here's what time it will peak and where you should look.
The Biden administration announced in April a new rule that expands Title IX's protections to LGBTQ students.
Base officials said a suspect in a dark sedan began shooting at the main entry gate of the facility around 4:30 a.m.
Céline Dion shared an inside look at the lead-up to her spectacular performance during the 2024 Paris Olympics' opening ceremony.
The teen's parents alleged in the suit a paraprofessional repeatedly shoved him into a utility closet, hit him, and once photographed him locked in a cage used to store athletic equipment.
"I'm going to give him a taste of his own conduct," said the former mayor of San Francisco.
The large bronze statue of the late civil rights icon leader and Georgia congressman John Lewis replaced a Confederate monument that stood there for more than 110 years.
The teen's parents alleged in the suit a paraprofessional repeatedly shoved him into a utility closet, hit him, and once photographed him locked in a cage used to store athletic equipment.
There were 37 bids for the iconic hat won by Harrison Ford, who played the intrepid archaeologist, Indiana Jones, according to the auction house Propstore.
Base officials said a suspect in a dark sedan began shooting at the main entry gate of the facility around 4:30 a.m.
Former New York congressman George Santos is expected to enter a guilty plea in federal court Monday on Long Island.
The large bronze statue of the late civil rights icon leader and Georgia congressman John Lewis replaced a Confederate monument that stood there for more than 110 years.
A U.S. district judge said in her ruling that FuboTV was likely to be successful in proving that the joint venture would violate antitrust laws.
Former President Donald Trump also disclosed more than $100 million in liabilities for recent legal cases.
The landscape is changing radically for Americans buying and selling property, as well as for real estate agents.
Should I freeze my credit? Here's what experts say, and how to stop bad actors from accessing your file.
Parents and other caregivers urged to stop using loungers linked to 5 fatalities and an infant bed tied to 1 death.
Former New York congressman George Santos is expected to enter a guilty plea in federal court Monday on Long Island.
"I'm going to give him a taste of his own conduct," said the former mayor of San Francisco.
The Biden administration announced in April a new rule that expands Title IX's protections to LGBTQ students.
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.
Former President Donald Trump also disclosed more than $100 million in liabilities for recent legal cases.
The National Association of EMS Officials recommends "Cool First, Transport Second" for patients whose body temperature is over 104 degrees.
When you call 911, you expect the ambulance to rush you to the hospital - but doing that could actually jeopardize a patient experiencing extreme heat illness. National recommendations call for cooling patients before transporting them, but most states do not require that lifesaving protocol.
Alternatives to the often dreaded pap smear may be on the way for cervical cancer screenings. Here's what to know.
Massachusetts Gov. Maura Healey has announced a plan to save five Steward hospitals from closure.
Philadelphia singer Jessy Kyle created a new bra inspired by her medical journey, which included a heart attack and kidney transplant.
More than 130 fires have erupted across Turkey in the past week, according to Turkey's Disaster and Emergency Management Directorate.
Céline Dion shared an inside look at the lead-up to her spectacular performance during the 2024 Paris Olympics' opening ceremony.
Somerset House said staff and the public were safe and artworks were not in the area of the fire
A Russian missile strike caused a blaze in Ukraine on Saturday as forces in Ukraine pushed into Russia's Kursk border region, injuring two people.
The extraordinary session of the Turkish Grand National Assembly was called to debate the case of Can Atalay, who was elected from prison.
There were 37 bids for the iconic hat won by Harrison Ford, who played the intrepid archaeologist, Indiana Jones, according to the auction house Propstore.
Céline Dion shared an inside look at the lead-up to her spectacular performance during the 2024 Paris Olympics' opening ceremony.
Formed in Scotland in 1990, Travis' rise began during the peak of Brit-pop. The success of their album "The Man Who" launched the quartet into worldwide fame. Now from their newest, full-length studio album "L.A. Times," here's Travis with "Gaslight."
Formed in Scotland in 1990, Travis' rise began during the peak of Brit-pop. The success of their album "The Man Who" launched the quartet into worldwide fame. Now from their newest, full-length studio album "L.A. Times," here's Travis with "Home."
Formed in Scotland in 1990, Travis' rise began during the peak of Brit-pop. The success of their album "The Man Who" launched the quartet into worldwide fame. Now from their newest, full-length studio album "L.A. Times," here's Travis with "Raze the Bar."
Should I freeze my credit? Here's what experts say, and how to stop bad actors from accessing your file.
Artificial intelligence and misinformation remain a threat this election year. So how can you spot what's real and what's not? Darren Linvill, co-director of the Media Forensics Hub at Clemson University, joins CBS News with tips.
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.
Iran has launched a sweeping, months-long cyberattack targeting both the Democratic and Republican presidential campaigns, according to a new report by Google. Nicole Sganga has details.
Staring at an iPad screen too much may keep little kids from learning to control their emotions, a new study finds.
There are hundreds of data centers across the U.S., most of which are run by big tech firms, and their seemingly endless rows of servers are consuming huge amounts of electricity. Ben Tracy takes a look at how one of those companies, Google, is turning to renewable energy sources to power them.
Hurricane Ernesto is gaining strength in the Caribbean after drenching Puerto Rico and the U.S. Virgin Islands. Now the storm is moving north into the Atlantic, where it's expected to continue strengthening as it heads toward Bermuda. CBS News national correspondent Manuel Bojorquez and WCBS chief weathercaster Lonnie Quinn have more.
On July 24, a burning car was pushed over an embankment in Chico, California. Within three days, it became one of the 10 largest wildfires in state history. Within nine days, it was among the top four. Still burning at over 429,000 acres, firefighters continue to tackle the historic blaze. Using data from Cal Fire, CBS News put together an animation to show just how quickly and far the flames have spread.
There are plenty of considerations for those interested in making the investment, according to industry experts.
Joro spiders have hearts that are able to withstand the loud and bustling noises of big cities, according to a study published on Monday.
Former New York congressman George Santos is expected to enter a guilty plea in federal court Monday on Long Island.
Deck Brewer was identified as a suspect in connection to Susan Leigh Wolfe's cold case killing in 1980 when she was a nursing student at the University of Texas.
A Florida jury has found a woman guilty of manslaughter in a case that drew national protest and put a new spotlight on the state's "Stand Your Ground" law. Susan Lorincz, who is White, now faces up to 30 years in prison for shooting and killing neighbor Ajike Owens, who is Black, through a closed door.
Susan Lorincz, a White woman accused of killing her neighbor Ajike "A.J." Owens, a Black woman, during a dispute in Ocala, Florida, has been found guilty of manslaughter.
Susan Lorincz, 60, faces up to 30 years in prison at sentencing for the shooting death of her neighbor, Ajike "A.J." Owens.
August's full moon, a rare blue moon and supermoon, will look full starting today. Here's what time it will peak and where you should look.
CBS News spoke with the astrophotographer behind the viral photo about his mission to drive people to look at the night sky before it changes "within the period of our lifetime."
Seventy-one days after launch, NASA finally nears a decision on whether Boeing's Starliner will return to Earth with, or without, a crew.
NASA held a press briefing Wednesday and announced a decision will be coming on how the Boeing Starlink capsule crew stuck at the International Space Station will proceed with their mission in space. CBS News' Lindsey Reiser has more.
The historic, privately financed space flight will carry humans above Earth's ice caps for the first time.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
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.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
Kamala Harris focuses on economy, unveils policy package in campaign speech; How an Austin restaurant brought Caribbean cuisine to the heart of Texas
Hurricane Ernesto pounds Bermuda, and its effects are being felt up the East Coast. Meanwhile, a woman was arrested for her role in a scheme to steal Graceland and defraud Elvis Presley’s family. All that and all that matters in today’s Eye Opener.
Giant pandas from China make their return to the U.S. – and we have a first look at the bears at the San Diego Zoo. Two high school sweethearts who haven't seen each other in decades reconnect and fall in love all over again. Plus, a former NFL player quits playing football to start a new career helping people.
Formed in Scotland in 1990, Travis' rise began during the peak of Brit-pop. The success of their album "The Man Who" launched the quartet into worldwide fame. Now from their newest, full-length studio album "L.A. Times," here's Travis with "Gaslight."
Formed in Scotland in 1990, Travis' rise began during the peak of Brit-pop. The success of their album "The Man Who" launched the quartet into worldwide fame. Now from their newest, full-length studio album "L.A. Times," here's Travis with "Home."