Biden administration cancels $5.8 billion in student debt
The move will erase debt for more than 560,000 borrowers.
Student Loan
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.
It's about to get more expensive to take out federal student loans
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.
Biden says he's considering forgiving student debt, but not $50,000
"I'm in the process of taking a hard look at whether or not there will be additional debt forgiveness," the president said.
Republicans target pause on student loan payments
The pause's extension from the beginning of May to the end of August will add an estimated $20 billion to the deficit.
Biden looks at forgiving some fed student loan debt, says Hispanic Caucus
He shared his plans during a 90-minute White House meeting with the Hispanic Caucus Monday.
Warren urges Biden to cancel student loan debt ahead of midterms
"Democrats win when Democrats are in touch with the American people and what's happening to them," she told "Face the Nation."
Study shows who would benefit most from different forms of student loan relief
As the White House mulls canceling debt, a new study from the New York Fed details how different proposals would affect borrowers.
Student loan program changes could bring millions closer to getting out of debt
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.
Millennials, Gen Z put off major financial decisions because of student loans, study finds
Despite their student debt, only 10% said in retrospect they would skip higher education.
Canceling student loan debt "still on the table" for Biden administration
The White House extended the federal student loan payment pause through August 31, but has not announced a decision about wiping out debt.
4/5: Red and Blue
Zelenskyy addresses U.N. Security Council; Biden administration to extend student loan freeze
White House extends student loan repayment pause through August 31
The pause had been slated to end May 1.
Student jailed for spending almost $1M in student aid on luxury goods
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.
Borrowers waiting as May 1 student loan payment restart approaches
An analysis by the New York Fed warns student loan borrowers are likely to experience a "meaningful rise in delinquencies" once forbearance ends.
Forgive all student debt, former Education Secretary says
John King says urgent action is needed to help millions of Americans deal with the "crushing burden" of student debt.
Wife surprises husband by paying off loans
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.
Student loan forgiveness overhaul
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.
30,000 borrowers to get student loans forgiven
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.
Education Department to forgive $415 million in student debt
The latest round of loan forgiveness brings the total amount approved by the department to approximately $2 billion for more than 107,000 borrowers.
Navient steered borrowers toward costly student loans, states say
Multi-state settlement calls for loan servicer to cancel $1.7 billion in debt for 66,000 borrowers.
Public Service Loan Forgiveness nightmares
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.
Public Service Loan Forgiveness Program not living up to its name
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.
Student debt erased for borrowers with permanent disabilities
Borrowers with total and permanent disabilities can already apply for elimination of their student loan debt.
Biden administration extends student loan payment pause
Americans will be able to defer their student loan payments through the end of January 2022.
Live
Trump says Iran war could wrap up in 2-3 weeks as gas prices rise
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Trump signs order on mail-in ballots and federally run voter lists
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Trump to give "important update on Iran" tonight in prime-time speech
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American journalist Shelly Kittleson kidnapped in Iraq
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Trump plans to attend Supreme Court arguments in birthright citizenship case
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Jamie Dimon says rejecting capitalism is "dead wrong" in CBS News interview
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Hegseth lifts suspension of Army pilots who flew by Kid Rock's house
Just hours earlier, an Army spokesperson said the crew had been suspended from flying while the Army conducts a formal investigation into why the Apache helicopters flew near Kid Rock's Nashville house.
Tiger Woods says he's "stepping away" to seek treatment after car crash
Tiger Woods announced Tuesday that he's "stepping away for a period of time to seek treatment" after pleading not guilty to charges including driving under the influence.
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Hegseth lifts suspension of Army pilots who flew by Kid Rock's house
Just hours earlier, an Army spokesperson said the crew had been suspended from flying while the Army conducts a formal investigation into why the Apache helicopters flew near Kid Rock's Nashville house.
Tiger Woods says he's "stepping away" to seek treatment after car crash
Tiger Woods announced Tuesday that he's "stepping away for a period of time to seek treatment" after pleading not guilty to charges including driving under the influence.
Jamie Dimon says rejecting capitalism is "dead wrong" in CBS News interview
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Jamie Dimon: JPMorgan could offer prediction market services to investors
The JPMorgan Chase CEO said the bank may one day introduce prediction market features, but said "there's a bunch of stuff we won't do" in that space.
Trump signs order on mail-in ballots and federally run voter lists
President Trump has long wanted to place additional restrictions on mail-in voting, which he has called "mail-in cheating."
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Jamie Dimon says rejecting capitalism is "dead wrong" in CBS News interview
JPMorgan Chase CEO Jamie Dimon shares his thinking on capitalism, AI, prediction markets and more in an interview with "CBS Evening News" anchor Tony Dokoupil.
Jamie Dimon: JPMorgan could offer prediction market services to investors
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Jamie Dimon says AI could help shorten work week, cure cancer
JPMorgan CEO Jamie Dimon thinks AI will shorten the work week and lead to medical breakthroughs, while acknowledging the technology's potential impact on the nation's workforce.
Americans saving less for retirement — that's a "warning sign," experts say.
Full-time employees cut their 401(k) participation and contribution rates last year amid an affordability crunch, new research shows.
Jamie Dimon: I don't know if Iran war will be "tipping point" for recession
Jamie Dimon told "CBS Evening News" anchor Tony Dokoupil that "what's more important for the future of the world is that this war successfully conclude."
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Trump plans to attend Supreme Court arguments in birthright citizenship case
President Trump is planning to go to the Supreme Court on Wednesday as the justices take up his executive order seeking to end birthright citizenship, a major test of his immigration agenda.
Judge orders Trump admin. to restore legal status of migrants allowed in under Biden
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Trump to give "important update on Iran" tonight in prime-time speech
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Hegseth lifts suspension of Army pilots who flew by Kid Rock's house
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Trump signs order on mail-in ballots and federally run voter lists
President Trump has long wanted to place additional restrictions on mail-in voting, which he has called "mail-in cheating."
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States pay contractors millions to comply with Trump law to cut Medicaid rolls
The One Big Beautiful Bill Act will add red tape and restrictions for those seeking Medicaid and SNAP benefits. And the costs to update computer systems that determine eligibility for those programs will be steep.
Hockey player diagnosed with Stage IV cancer at 26: "It was surreal"
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CDC's acting chief promises a return to stability in a tumultuous moment
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FDA says billionaire's claims about cancer drug Anktiva are misleading
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American journalist Shelly Kittleson kidnapped in Iraq
American journalist Shelly Kittleson was kidnapped in Baghdad on Tuesday, according to two sources familiar with the matter as well as an Iraqi official.
Iran war's impact is spreading beyond oil, hitting helium and aluminum
Shortages of helium, a byproduct of natural gas processing, could create problems for semiconductor and medical equipment manufacturers.
Hegseth slated for House testimony amid Iran war pressure, sources say
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Police find drug-smuggling tunnel with rail system and cranes in Spain
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Premature babies who escaped Gaza war finally reunited with families
Palestinian parents separated from their premature newborns by the war in Gaza finally get to meet their children for the first time.
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Crew that flew Apache helicopters near Kid Rock's house suspended
Kid Rock posted videos of the helicopters hovering by his Nashville home on social media over the weekend. The Army later confirmed the helicopters were on a training mission.
Taylor Swift sued for trademark infringement
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Sharon Stone talks new season of "Euphoria"
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Taylor Swift sued for trademark infringement over "The Life of a Showgirl"
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Barbie Dream Fest disappoints some attendees
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Inside Apple's relationship with China
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Jamie Dimon: JPMorgan could offer prediction market services to investors
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How AI powered robots are helping small farms
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Company tries to make flying car of the future
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Judge blocks Pentagon's Anthropic risk label
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Crime
Defense in Kirk case questions bullet analysis
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New details on Tiger Woods arrest report
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Police find drug-smuggling tunnel with rail system and cranes in Spain
Police said two people headed the network, including one person considered to be the "narco-architect" and "mastermind of the tunnels."
Questions about bullet used to kill Charlie Kirk
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Lawyers for Kirk suspect ask to delay hearing
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Smooth countdown continues for Artemis II moon mission
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Countdown begins for long-awaited Artemis II moon mission
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