What to know if you've applied for student loan forgiveness
Biden's student loan forgiveness plan has been blocked by two federal courts, leaving millions of borrowers in limbo.
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Biden's student loan forgiveness plan has been blocked by two federal courts, leaving millions of borrowers in limbo.
This comes after the plan has been blocked by two separate federal court rulings.
A federal appeals court temporarily halted President Biden's student debt relief program Friday. The 8th U.S. Circuit Court of Appeals issued a stay prohibiting the government from "discharging any student loan debt." Catherine Herridge has more.
A federal judge in Texas blocked President Joe Biden's student loan forgiveness plan. U.S. District Judge Mark Pittman ruled the Department of Education violated federal law.
Student loan forgiveness has prompted a discussion about the soaring price of a college degree.
The government also said in its response to the 8th Circuit Court of Appeals' decision to pause the program that the states do not have standing to intervene.
In their appeal, attorneys for several Republican-led states said the plan will irreparably harm their states' student loan programs.
President Biden announces new college-debt forgiveness site, calling it a "game changer for millions of Americans."
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The application takes about five minutes to complete, the U.S. Department of Education said.
Education Department is offering more details about its "short and simple" form to get up to $20,000 in debt wiped away.
Teachers and other public servants need to apply soon to ensure they are considered for a one-time waiver.
Only some types of debt are covered by the plan. Make sure your loans qualify ahead of the application.
People who kept making student loan payments during the health crisis can get a refund and then apply for forgiveness — here's how.
The Education Department announced Tuesday it will discharge loans for students who attended the for-profit Westwood College.
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.
President Biden's recently announced student loan forgiveness plan is estimated to cost $24 billion each year over the next decade, according to the White House. Christina Ruffini is there with more.
Marjorie Taylor Greene said for the government to say debt is forgiven "is completely unfair." The White House tweeted back that she had more than $183,000 in PPP loans forgiven.
More than 40 million Americans may qualify, with income the main factor that determines who qualifies for relief.
With just a week left until student loan payments are expected to resume in September, millions of Americans may see thousands of dollars of relief coming from the White House. President Biden is expected to announce Wednesday that the government will forgive up to $10,000 in federal student loan debt for Americans making less than $125,000 a year. Chief White House correspondent Nancy Cordes reports from Washington.
The pause on student loan payments is set to expire at the end of the month.
With just days until an Aug. 31 deadline, it's still unclear if payments and interest will actually resume in September.
The Biden administration extended the payment pause in April through August 31.
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.
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President Trump announced Friday evening that U.S. and Nigerian military forces had killed Abu-Bilal al-Minuki, a leader in the Islamic State group.
Dr. Tracy Beth Høeg, leader of the Food and Drug Administration division responsible for regulating prescription and over-the-counter drugs, is leaving her post, a senior FDA official confirmed.
The Supreme Court on Friday rejected a bid by Virginia Democrats to revive its new voter-approved congressional map that was drawn to advantage the party for the upcoming midterm elections.
President Trump's trip to China could bolster economic relations, but failed to deliver a breakthrough deal, some trade and energy experts said.
President Trump told reporters he made "no commitment either way" to China's Xi Jinping regarding U.S. weapons sales to Taiwan.
A New York doctor who contracted and survived Ebola more than a decade ago says he is worried for healthcare workers who are at the center of treating the latest outbreak.
Dr. Tracy Beth Høeg, leader of the Food and Drug Administration division responsible for regulating prescription and over-the-counter drugs, is leaving her post, a senior FDA official confirmed.
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President Trump announced Friday evening that U.S. and Nigerian military forces had killed Abu-Bilal al-Minuki, a leader in the Islamic State group.
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