New student loan rules take effect today. Here's what to know.
Loan revamp affects how much students and families can borrow to pay for college, as well as their repayment options.
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Loan revamp affects how much students and families can borrow to pay for college, as well as their repayment options.
A new report finds Loyola and DePaul universities in Chicago are among 41 colleges that appear to push lower-income families toward high-interest Parent PLUS loans.
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.
Burglars struck at least eight different businesses in the Southport Corridor in Chicago's Lakeview community overnight Monday into Tuesday.
Community organizers are holding a free crisis resource event on Tuesday for the people affected by the mass shooting in Washington Park late Saturday night.
Thieves targeted at least three businesses in Chicago's Avondale neighborhood.
The Houston Astros to a 6-3 win over the Chicago White Sox on Monday night in a series opener between American League division leaders.
Jacob, a lifelong Chicago White Sox fan, sat in the front row at a recent game with his dad and sister, but Jacob was there to connect and possibly drum up some business with his favorite player, Jake Burger, who now plays for the Texas Rangers.
While Mayor Brandon Johnson has yet to announce whether he's running for re-election in 2027, his political organization is inviting supporters to a "special announcement" next month.
The Supreme Court divided 5-4 in allowing construction of the new White House ballroom to continue.
Michigan Democratic Senate candidate Abdul El-Sayed deleted posts invoking 9/11 and the U.S. response.
Gary Mayor Eddie Melton said in the aftermath of the extended outage that just because the power is back on does not mean everything is back to normal.
Google announced that it had begun rolling out changes to how its maps display Lake Ontario's name, after President Trump signed an executive order changing it to "Lake America."
Cook County homeowners are again facing a sharper increase in property taxes this year than businesses, the Office of Cook County Treasurer Maria Pappas announced Monday.
Contracted linemen from out of state sat idle in a Griffith church parking lot for hours without work orders from NIPSCO, as residents in Northwest Indiana approach two weeks without power.
A law firm has filed a class action lawsuit against NIPSCO, alleging the utility's failure to manage trees and vegetation has left thousands of Northwest Indiana residents without power for up to two weeks.
Dozens of cases of E. coli and salmonella in multiple states are linked to an alfalfa grower in Minnesota, health officials say.
A new Illinois law signed by Gov. Pritzker offers up to $1,000 to eligible homeowners hit by storm damage, but the money won't be available until next year — and the program only covers certain areas of Chicago.
Patients taking the first-of-a-kind pill, called daraxonrasib, lived for a median of 13.2 months compared with 6.7 months for chemotherapy recipients, studies showed.
Loyola University Medical Center in Maywood, Illinois, used performed a complex operation to preserve mobility for a 3-year-old boy who had to have part of his leg amputated after suffering a horrific accident with a lawnmower.
Possible measles exposures have been reported at a high school in Maple Park, Illinois, and a pediatric clinic in South Elgin, Kane County health officials said.
Dozens of cases of E. coli and salmonella in multiple states are linked to an alfalfa grower in Minnesota, health officials say.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
More than 100 Black-owned businesses were showcased at Soldier Field Sunday for Black on the Block.
A Wisconsin prosecutor says he will not file election bribery charges against billionaire Elon Musk even though the state's bipartisan elections commission said he likely broke state law.
An expert blames Illinois lawmakers and "internecine political problems" for the failure to seal a deal for a new stadium within the state for the Chicago Bears.
Real estate investment and development firm Concord Capital has acquired nine apartment buildings on Elaine Place, a single-block residential street in Chicago's East Lakeview community.
The Chicago Plan Commission voted Thursday to approve a plan to redevelop Ford City Mall into an industrial complex, despite objections from some neighbors.
The Met's decision to highlight the work by designer John Galliano sparked widespread controversy due to his history of antisemitic and racist comments.
The Edgewater Music Festival was under way this weekend on Chicago's north lakefront.
People around the world, including Chicago, continued to gather Wednesday to pay tribute to the late Dolly Parton.
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
Audience members at a stage performance of "9 to 5: The Musical" in the U.K. were heard gasping aloud at the news of Dolly Parton's death Tuesday.
Mayor Brandon Johnson is expected to announce emergency assistance for impacted community members around 9:30 a.m.
Thieves targeted at least three businesses in Chicago's Avondale neighborhood.
Meteoologist Laura Bannon has the extended forecast.
That's according to a new study from Talker Research. Two thousand adults were surveyed and the majority said that by 2:48 p.m., their energy typically begins to fade. One in five say it wanes before noon.
Jacob Kiefor exchanged a thumbs-up with Burger and got a signed bat from the former White Sox slugger. Burger is now a vocal advocate for Down syndrome, even wearing number 21 to raise awareness and honor his daughter.
Community organizers are holding a free crisis resource event on Tuesday for the people affected by the mass shooting in Washington Park late Saturday night.
A Heat Advisory has been issued for Chicago and a number of surrounding Illinois counties from Monday afternoon through Wednesday night.
Thieves targeted at least three businesses in Chicago's Avondale neighborhood.
Burglars struck at least eight different businesses in the Southport Corridor in Chicago's Lakeview community overnight Monday into Tuesday.
Jacob, a lifelong Chicago White Sox fan, sat in the front row at a recent game with his dad and sister, but Jacob was there to connect and possibly drum up some business with his favorite player, Jake Burger, who now plays for the Texas Rangers.
Hundreds of people are suing the Cook County Juvenile Temporary Detention Center, where they say they were sexually abused by staff. For the first time, survivors detailed their experience exclusively to CBS News Chicago.
Why has the family that runs South Chicago Chapel, where 56 decomposing bodies were found this month, never faced criminal charges, despite a history of mishandling human remains?
Red flags about a family behind two funeral homes and crematories shut down by the state for mishandling bodies were missed in part because two different agencies regulate the death industry in Illinois.
Police in west suburban Oak Brook used a new tool aimed at limiting high-speed chases to catch a fleeing van while responding to a burglary call overnight.
The program was launched by the utility company last year, with some saying it makes it easier to address problem poles.
The Houston Astros to a 6-3 win over the Chicago White Sox on Monday night in a series opener between American League division leaders.
Jacob, a lifelong Chicago White Sox fan, sat in the front row at a recent game with his dad and sister, but Jacob was there to connect and possibly drum up some business with his favorite player, Jake Burger, who now plays for the Texas Rangers.
The nine longballs matched the second-most by one team in a major league game, according to Sportradar.
Lionel Messi played in six World Cups and led Argentina to win the tournament in 2022 in Qatar.
Former pitcher Jon Lester, catcher Jody Davis, and broadcaster Vince Lloyd were all inducted into the Cubs Hall of Fame over the weekend.
Burglars struck at least eight different businesses in the Southport Corridor in Chicago's Lakeview community overnight Monday into Tuesday.
Duane "Keffe D" Davis, 63, was charged with murder with a deadly weapon with the intent to promote, further or assist a criminal gang in Shakur's death.
A man was stabbed in a fight with another man he knew in Chicago's Fuller Park neighborhood early Monday morning.
An overnight burglary left a huge mess in Chicago's Irving Park neighborhood early Monday.
A man was shot and wounded in a residence in Chicago's East Lakeview neighborhood on Sunday evening, police said.
