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.
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.
"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.
He shared his plans during a 90-minute White House meeting with the Hispanic Caucus Monday.
"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.
Despite their student debt, only 10% said in retrospect they would skip higher education.
A review found some servicers had been placing borrowers facing financial difficulties into forbearance instead of giving them clear information about income-driven repayment options.
The White House extended the federal student loan payment pause through August 31, but has not announced a decision about wiping out debt.
Zelenskyy addresses U.N. Security Council; Biden administration to extend student loan freeze
The pause had been slated to end May 1.
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.
An analysis by the New York Fed warns student loan borrowers are likely to experience a "meaningful rise in delinquencies" once forbearance ends.
John King says urgent action is needed to help millions of Americans deal with the "crushing burden" of student debt.
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.
Multi-state settlement calls for loan servicer to cancel $1.7 billion in debt for 66,000 borrowers.
Tony Henry was long saddled with student loan debt, until his wife Jayla came through with the Christmas surprise of a lifetime. The Henrys speak with “CBS Mornings” about the big surprise and what they hope to do with their newfound financial freedom.
The Department of Education announced Wednesday an overhaul on a student loan forgiveness program, which could help over half a million borrowers erase their debt. CBS News business analyst Jill Schlesinger explains who will benefit from the changes.
The Public Service Loan Forgiveness program was meant to erase student loan debt for borrowers who spent a decade as public servants. But the program has come up woefully short for members of the military. Lesley Stahl reports.
The Public Service Loan Forgiveness program was meant to erase student loan debt for borrowers who spent a decade as public servants. But the program has come up woefully short for members of the military. Lesley Stahl reports.
Borrowers with total and permanent disabilities can already apply for elimination of their student loan debt.
Americans will be able to defer their student loan payments through the end of January 2022.
House Speaker Nancy Pelosi says Congress needs to pass legislation, a day after Senate Majority Leader Chuck Schumer advocated forgiveness from the president's pen.
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
Dnipro bears the brunt of Moscow's first retaliatory strike after Ukraine fires U.S.-made missiles into Russia, and Ukraine claims Moscow may have used an ICBM.
The state's highest court ruled a special prosecutor's decision to re-indict Smollett violated his constitutional rights after Cook County prosecutors previously dropped charges against him.
Elon Musk and Jeff Bezos — the two richest people on the planet — are squabbling over social media. No, really.
A woman told police she was sexually assaulted in 2017 by Pete Hegseth, according to a detailed, newly-released police report. He is now President-elect Trump's choice for defense secretary.
The leaders are accused of crimes against humanity and war crimes over the war in Gaza and the Oct. 7 Hamas attack on Israel.
Colin Gray and his son, Colt Gray, were both indicted in the Sept. 4 shooting that killed two students and two teachers and injured others.
As record travelers prepare to fly for Thanksgiving, here's what to know about transporting food through TSA checkpoints.
A new potential case of bird flu in a California child without known contact with infected animals is raising concerns about a potential pandemic. Dr. Céline Gounder explains what to know.
Cristian Fernando Gutierrez-Ochoa — the son-in-law of Jalisco New Generation cartel leader "El Mencho" — was arrested in Riverside, California, officials said.
Warehouse chain follows rival Costco in raising amount its 7.5 million members must pay to shop at BJ's stores.
Elon Musk and Jeff Bezos — the two richest people on the planet — are squabbling over social media. No, really.
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
Billionaires Elon Musk and Vivek Ramaswamy say the Department of Government Efficiency has targets in mind for cost cutting.
Warehouse chain follows rival Costco in raising amount its 7.5 million members must pay to shop at BJ's stores.
Elon Musk and Jeff Bezos — the two richest people on the planet — are squabbling over social media. No, really.
Billionaires Elon Musk and Vivek Ramaswamy say the Department of Government Efficiency has targets in mind for cost cutting.
McDonald's wants to make dining at its restaurants affordable for customers again with new value offerings.
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.
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
Billionaires Elon Musk and Vivek Ramaswamy say the Department of Government Efficiency has targets in mind for cost cutting.
An Alabama prisoner convicted of the 1994 murder of a female hitchhiker is slated Thursday to become the third person executed in the U.S., and Alabama, by nitrogen gas.
A woman told police she was sexually assaulted in 2017 by Pete Hegseth, according to a detailed, newly released police report. He is now President-elect Trump's choice for defense secretary.
Conspiracies persist, although it is effectively impossible to steal a major election in the United States.
A new potential case of bird flu in a California child without known contact with infected animals is raising concerns about a potential pandemic. Dr. Céline Gounder explains what to know.
CBS News medical contributor Dr. Celine Gounder joins "CBS Mornings" to discuss the latest on bird flu as new cases raise alarms among health officials. There have been 53 confirmed human cases across seven states this year. Health officials in California are reporting a possible case in a child who had no known contact with an infected animal.
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
Lattes and other espresso-based drinks may not be available at some McDonald's restaurants due to a glitch with coffee machines.
Florida sued the FDA over what it said was a "reckless delay" in approving its drug importation plan. Now, nearly a year after the FDA gave the state the green light, the program has yet to begin.
The amulet was found during an ongoing excavation project in Hadrianopolis, an ancient city near Karabük, Turkey.
The leaders are accused of crimes against humanity and war crimes over the war in Gaza and the Oct. 7 Hamas attack on Israel.
Dnipro bears the brunt of Moscow's first retaliatory strike after Ukraine fires U.S.-made missiles into Russia, and Ukraine claims Moscow may have used an ICBM.
The American died in the tourist town of Vang Vieng, Laos, the State Department confirmed.
Gautam Adani, one of the world's richest people, is accused of concealing that a solar energy project was being facilitated by an alleged $265 million bribery scheme.
Connie Nielsen opens up about returning as Lucilla in "Gladiator II," reuniting with director Ridley Scott and exploring her character's emotional journey.
Singer-songwriter Shelby Lynne opens up about her new album and how her friendships helped save her when she thought her recording career could be over.
Making his feature directorial debut, Malcolm Washington brings August Wilson's Pulitzer-winning play to the screen with help from his father, Denzel Washington and siblings John David and Katia
Ahead of the sequel's release, Connie Nielsen joins "CBS Mornings" to talk about stepping back into the world of Ridley Scott's epic saga and her character's emotional journey.
After overcoming years of personal struggles, Grammy winner Shelby Lynne is back with her first album in years. She tells Anthony Mason why her return to recording came as a surprise, even to her.
Elon Musk and Jeff Bezos — the two richest people on the planet — are squabbling over social media. No, really.
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.
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.
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.
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 U.S. Fish and Wildlife Service has proposed new protections for giraffes, saying their populations are threatened by poaching, habitat loss and climate change.
The carcass was comparable to the width of a college basketball court and female, according to biologists.
Former leaders and climate experts have issued a letter calling the U.N.'s annual climate meeting "no longer fit for purpose." Recently, CBS News spoke with U.S. Energy Secretary Jennifer Granholm about the summit and what the incoming Trump presidency means for clean energy and climate change. The conversation took place before the president-elect made his pick for energy secretary.
Cristian Fernando Gutierrez-Ochoa — the son-in-law of Jalisco New Generation cartel leader "El Mencho" — was arrested in Riverside, California, officials said.
The FBI has arrested a Florida man who's accused of plotting to bomb the New York Stock Exchange. CBS News New York reporter Allen Devlin has more.
Colin Gray and his son, Colt Gray, were both indicted in the Sept. 4 shooting that killed two students and two teachers and injured others.
A judge on Wednesday found Jose Ibarra guilty on all 10 counts in the murder of University of Georgia student Laken Riley. Ibarra was sentenced to life in prison without the possibility of parole.
Edward Kelley distributed a "kill list" and videos containing images of FBI employees to another person as part of his "mission," prosecutors say.
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.
November's full moon, known as the Beaver Moon, is the last supermoon of 2024. Here's when it peaks and why it's called the Beaver Moon.
Medical issues aside, the astronauts described a water leak in June that triggered a blizzard in the International Space Station's airlock.
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.
Former Florida Rep. Matt Gaetz has withdrawn from consideration to be President-elect Donald Trump's attorney general. CBS News' Major Garrett spoke to several senators about his confirmation process after Gaetz visited Capitol Hill to rally support.
Former Florida Rep. Matt Gaetz, President-elect Donald Trump's pick for attorney general, has announced he is withdrawing from consideration. This comes after Gaetz visited Capitol Hill to rally support among lawmakers for his confirmation. Margaret Talev, a contributor at Axios, joins CBS News with more. Also, Olivia Rinaldi reports on the Trump team reaction.
FBI Director Christopher Wray and Homeland Security Secretary Alejandro Mayorkas were scheduled to take part in a Senate hearing on worldwide threats Thursday, but that hearing was canceled. CBS News Homeland Security and Justice reporter Nicole Sganga has more on why.
The FBI has arrested a Florida man who's accused of plotting to bomb the New York Stock Exchange. CBS News New York reporter Allen Devlin has more.
A Louisiana judge has put a pause on the state's plan to have the Ten Commandments posted in public school classrooms. CBS News reporter Kati Weis has more on that and details on a vote to include bible teachings in Texas' K-5 curriculum.