Wage garnishment for student loans returns under Trump in 2026
If you have defaulted on your student loans, the Trump administration said it will begin garnishing wages again in 2026.
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If you have defaulted on your student loans, the Trump administration said it will begin garnishing wages again in 2026.
The Trump administration last month started garnishing paychecks and Social Security benefits to collect defaulted loans.
CBS News Business Analyst Jill Schlessinger gives advice and tips on how to save for college and take advantage of programs offered by state and federal governments to make sure getting an education doesn't empty your bank account.
More than 9 million borrowers could see their credit scores tank in the first quarter of 2025 according to the Federal Reserve Bank of New York, and 15% of federal student loans were past due at the end of 2024.
The Department of Education doesn't oversee school curriculums, but it does offer a range of services affecting millions of Americans.
The program promises to erase loans for 55,000 workers after ten years in government or non-profit jobs.
President-elect Donald Trump has called the Biden administration's student loan relief efforts a "total catastrophe."
A federal judge in Georgia made a ruling that would allow for the Biden administration's sweeping relief that affects tens of millions of American borrowers.
A major student loan deadline has passed—ending years of pandemic-related pause on payments. Experts Thursday night had some good news—and a word of warning about scams targeting borrowers. Sara Machi reports.
The scam offers fake promises of lower monthly payments or loan forgiveness with immediate results and demands upfront fees.
The 12-month grace period for student loan borrowers ended Sept. 30. The "on-ramp" period helped borrowers struggling to make payments avoid the risk of defaulting and hurting their credit score.
In addition to the $120 million settlement, Navient will also be permanently banned from managing federal student loans.
Millions are in limbo after the U.S. Supreme Court continues to block President Biden's "SAVE" student loan repayment plan. It's on hold as a U.S. Circuit Court of Appeals decides whether it's lawful, which could take weeks. So, what should you do in the meantime?
College students can expect some sticker shock as interest rates on federal student loans will increase on July 1.
It's college graduation season and new grads will be entering the workforce with many now having to pay off student debt. CBS News Business Analyst Jill Schlesinger has some suggestions.
The White House is turning to other methods to erase student debt after the Supreme Court blocked its broader effort to forgive loans.
President Joe Biden stopped in the battleground state of Wisconsin on Monday to lay out details of his new student loan debt relief plan for millions of Americans.
The White House is helping people who serve the country. They include public service workers like firefighters, nurses, teachers, and more who've been in their jobs for at least a decade.
About 78,000 people will receive an email from President Joe Biden telling them that their loans are canceled. Here's what to know.
This latest $4.8 billion in relief brings the grand total of approved debt cancellation by the administration to $132 billion for over 3.6 million Americans.
After a three-year pause, federal student loan payments are set to resume for around 40 million Americans in October. CBS 2 speaks with a local financial expert about the new affordable repayment plan. Jordan Flowers with Wealth Financial Services & Tax Advisory breaks down how to see if you are eligible to apply to the program and other tips for paying off the debt.
After a three-year hiatus, interest on student loans begins piling up again on Friday, with payments due in October.
Last week the Supreme Court struck down the Biden Administration’s plan to cancel $430 billion worth of federal student loans, eliminating $20,000 in student loans for millions of Americans. If you’re wondering what’s next, CBS News Business Analyst Jill Schlesinger has tips on what borrowers can do before loan repayments resume on Oct. 1.
The ruling means 40 million Americans who stood to have thousands of dollars in debt wiped away will now have to pay up.
Federal loan payments have been on hold since the start of the pandemic, but now borrowers will have to resume payments. CBS 2's Charlie De Mar reports.
Thunderstorms moved into the Chicago area late Sunday morning on a roller coaster of a day on the weather front.
The ages of the victims range from 18 to 55, according to police.
A man was slashed during a fight on a CTA Blue Line train early Sunday.
The Civilian Office of Police Accountability was investigating Sunday after a shot was fired as a teenager struggled with a Chicago police officer who was trying to arrest him on the city's Southwest Side.
Chicago police on Sunday morning were investigating a deadly mass shooting in the city's River North district.
The Veterans Affairs Department is reimposing a near total ban on abortions for veterans and their families that was modified in 2022.
Strikes against ISIS targets in Nigeria come after President Trump spent weeks accusing the West African country's government of failing to rein in the persecution of Christians.
The message, aired on Channel 4 on Christmas Day, reflected on the impact of President Trump's second term in office thus far.
Pope Leo XIV has revealed he privately urged Gov. JB Pritzker not to sign a bill legalizing medical assistance in dying in Illinois.
President Trump invoked a law called Title 10 to bring members of the Illinois National Guard under federal service over the objections of state and local leaders.
A new report shines a light on electricity shortages that Illinois could face in less than 10 years.
With less than two weeks until Christmas, if you're sending gifts to people far from home, the deadlines to get them there on time are fast approaching.
A condo owner in Country Club Hills says he's forced to sell his home after his condo association failed to reimburse him for repairs to his leaking roof. Edward Hadnott's condo has sat empty since a major roof leak in 2022.
The U.S. stopped minting pennies this week, and some groups have issued a warning about the headaches that can create for some businesses and consumers.
Why is one school in the west Chicago suburb of Lisle paying a water bill three times higher than another? The answer has to do with a private utility company.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
It's the holiday season, which means it's the most common time of year for norovirus to spread. Here's what you need to know about this winter stomach bug.
A study conducted in part by Chicago's Northwestern Medicine found that tanning beds not only triple the risk of melanoma, but can also damage DNA across nearly the whole skin surface.
An investigation into the case of a Michigan man who contracted rabies after an organ transplant provided more details on the infection's origin.
The newest measles vaccination numbers released by Chicago Public Schools shows immunizations are finally moving in the right direction.
The Chicago Bears are expanding their search for a new stadium to Northwest Indiana, even though they already own land in Arlington Heights and have also proposed a new lakefront stadium in Chicago.
A Culver's is coming to Chicago's South Loop, a real estate broker has confirmed.
A new vision for passenger rail is on track in southeastern Wisconsin. The MARK Passenger Rail Commission held its inaugural meeting on December 5, 2025, at Racine City Hall.
U.S. Steel says it'll resume making steel slabs at its Granite City Works plant in Illinois amid strengthening demand.
Traffic at O'Hare International Airport is growing faster than expected, and this has Chicago city leaders wanting to make big changes to future construction plans at the airport.
It marks the second lawsuit in recent months accusing the filmmaker and studio mogul of leveraging his power in Hollywood to make sexual advances.
The band announced Perry Bamonte's death on their official website on Friday.
The message, aired on Channel 4 on Christmas Day, reflected on the impact of President Trump's second term in office thus far.
The singer said an MRI showed a cancerous spot on one of his lungs after he recovered from a lengthy bout of bronchitis.
James Ransone, the actor who played Ziggy Sobotka in the HBO series "The Wire" and appeared in many other TV shows and movies, has died.
From A-list stars to wealthy buyers looking for a fresh start, more and more Americans are calling Britain’s idyllic Cotswolds region their home. CNN’s Anna Cooban reports.
The meeting comes a day after Russia launched an hours-long attack on Ukraine. Wendy Gillette reports.
The production at the Studebaker Theater at the Fine Arts Building features hundreds of handmade puppets, projections, immersive sound, and live music.
The Civilian Office of Police Accountability was investigating Sunday after a shot was fired as a teenager struggled with a Chicago police officer who was trying to arrest him on the city’s Southwest Side.
Meteorologist Carl Lam has your 6 a.m. First Alert Weather forecast for Sunday, Dec. 28, 2025.
Chicago police on Sunday morning were investigating a deadly mass shooting in the city's River North district.
Thunderstorms moved into the Chicago area late Sunday morning on a roller coaster of a day on the weather front.
The Civilian Office of Police Accountability was investigating Sunday after a shot was fired as a teenager struggled with a Chicago police officer who was trying to arrest him on the city's Southwest Side.
The ages of the victims range from 18 to 55, according to police.
A man was slashed during a fight on a CTA Blue Line train early Sunday.
Cameras not working, video evidence missed by police and a psychic that leads a hit and run victim's son to a clue that changes the case
Some Chicago area hospitals are at risk of significant flooding both in and around the buildings, according to new KFF Health News/Fathom models.
Lawmakers in Springfield are looking to address the high water bills being reported in some suburbs from customers of Illinois American Water.
Electric bills in the Chicago area could go up as much as $70 in the next three years because of data centers, according to the Citizens Utility Board.
Advocates and legislators are seeking solutions and and accountability for a pattern of Chicago police arresting Black gun owners on firearms charges despite valid FOID and CCL licenses.
The Bears have the potential to become the NFC's No. 1 seed with victories over the San Francisco 49ers and Detroit Lions and one loss by the Seattle Seahawks.
Up 95-94 with about five minutes to play, Milwaukee got 3-pointers from Rollins and AJ Green during an 8-0 run that gave it some breathing room. The Bulls never got closer than three the rest of the night.
Jalen Smith sparked a game-ending run with a thunderous dunk on Joel Embiid, and the Chicago Bulls matched a season high with their fifth straight win, beating the Philadelphia 76ers 109-102.
One year ago, the Chicago Bears were fighting for draft positioning. Now they've clinched a playoff spot in the first year of a new coaching regime.
As the 11-4 Chicago Bears prepare for their Sunday night matchup with the 11-4 San Francisco 49ers, one player earned an extra Christmas present from the league thanks to his impressive performance against the Green Bay Packers.
The ages of the victims range from 18 to 55, according to police.
A man was slashed during a fight on a CTA Blue Line train early Sunday.
The Civilian Office of Police Accountability was investigating Sunday after a shot was fired as a teenager struggled with a Chicago police officer who was trying to arrest him on the city's Southwest Side.
Chicago police on Sunday morning were investigating a deadly mass shooting in the city's River North district.
Officers found a woman of unknown age with a gunshot wound to her head, but she was alert and able to communicate with responding officers, Chesteron police said.
