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.
A neighbor who witnessed the suspect being arrested moments after that shootout says he was yelling at officers that he wanted to die.
The family says the golden retriever was hit by two cars as he scurried off and went missing for three days.
The dog then attacked one of the officers, who then fired their service weapon, hitting the dog in the body, police said.
Just last week, the Shedd said Osiris was showing signs of improvement after exhibiting symptoms of dehydration and an electrolyte imbalance.
Legionnaires' disease is a severe type of pneumonia, but it is not contagious from person to person.
CNN was set to provide pool coverage on Monday and accompany President Trump on a trip to New York City, but there will not be a network TV pool team traveling with him.
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
The three news organizations, which were banned from White House grounds by President Trump, are arguing that the ban is unconstitutional.
President Trump said that he has agreed to convert plans for a massive triumphal arch into a "top grade Military Complex," equipped with snipers and drone storage.
President Trump said Friday that three outlets would be banned from the White House, "effective immediately."
Fuel prices continue to climb across the country, and that has U.S. Sen. Dick Durbin (D-Illinois) pointing the finger at President Trump.
Nicor customers will get a break on their bills this fall after Illinois Attorney General Kwame Roul reached an agreement with the utility to cut $140 million from its requested rate hike.
Drivers in Chicago and beyond were paying the highest gas prices ever recorded for the Labor Day holiday as millions of Americans were making their way home on Monday.
Around 115 million domestic and international tourists visited Illinois last year, pushing visitor spending past $50 billion for the first time and generating more than $88 billion in total economic impact.
Illinois Attorney General Kwame Raoul filed a lawsuit Thursday against ABC Plumbing, Heating, Cooling & Electric Inc., alleging deceptive business practices.
Nearly half of Americans with medical debt owe at least $2,000, forcing them to make tough choices, new research shows.
A judge on Tuesday was expected to place two shuttered Chicago-area safety-net hospitals into receivership.
Cardinal Blase Cupich and a group of Catholic nuns have joined a federal lawsuit challenging Illinois' Medical Aid in Dying law, which is set to take effect in just over a week.
Flies have been everywhere this summer in the Chicago area, and some of them bite. But why is this happening?
Prime Healthcare is drawing criticism after announcing it will stop obstetrics services at three Chicago-area hospitals.
The future of Rate Field was back in the spotlight on Wednesday.
Plans for a new Chicago White Sox stadium in the South Loop have residents near the existing ballpark in Bridgeport concerned, not just because the team might be leaving, but also what might be coming nearby.
A new report from the University of Illinois Chicago said federal immigration enforcement led to $1.26 billion in unspent money at retail establishments and restaurants in Cook County.
Around 115 million domestic and international tourists visited Illinois last year, pushing visitor spending past $50 billion for the first time and generating more than $88 billion in total economic impact.
A new Whole Foods Market is coming to Chicago's Old Town neighborhood.
Presley Gerber, the son of Cindy Crawford and Rande Gerber, has died at 27, a family spokesperson has confirmed.
Duncan Sheik died on Thursday night, his family said.
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
Performer Macklemore is being dropped from Ed Sheeran's Loop tour after making on-stage statements that some found controversial.
Dubbed the "Designer to the Stars," Bob Mackie won nine Emmy Awards, a Tony Award and was nominated for three Oscars.
Meteorologist Laura Bannon has the extended forecast.
Researchers believe hearing loss may make the brain work harder. At the cost of thinking and memory, it can also lead people to be less socially engaged, making it harder to stay connected to friends and family.
CPD said just before 5 p.m. on Monday, officers were conducting an investigation when they were approached by an unknown dog.
The aquarium announced the passing of Osiris, a 26-year-old female who came from Marineland in Canada in July as part of the recent international rescue effort.
Three incidents have been reported since Thursday of last week, with two happening in the middle of the day and the other during the early morning. One of the robberies happened right near Lincoln Park Zoo.
Thousands of workers at dozens of downtown Chicago hotels have voted to authorize a strike, which their union said would be the largest in the city's history.
A neighbor who witnessed the suspect being arrested moments after that shootout says he was yelling at officers that he wanted to die.
Just last week, the Shedd said Osiris was showing signs of improvement after exhibiting symptoms of dehydration and an electrolyte imbalance.
Chicago police were searching Monday morning for the gunmen who robbed multiple women and stole their jewelry in Chicago's Lincoln Park neighborhood.
The family says the golden retriever was hit by two cars as he scurried off and went missing for three days.
The village of Grayslake is touting a new massive data center, but neighbors say they weren't given an opportunity to make their voices heard before the project was approved.
A Cicero woman is suing Uber and a driver after the driver allegedly sexually assaulted her. She and her boyfriend said Uber hired him despite the driver having a criminal background.
Both hospitals were supposed to be placed in receivership, but after five hours of closed-door negotiations on Tuesday, it is still unclear what the future holds for both hospitals.
Chicago police crime data show 255 reported crimes in the last two years on the two blocks where the former Hard Rock and Rainforest cafés sit vacant. Neighbors have been calling the city about the alley between them for six years.
A three-year effort by the Cook County Sheriff's Office to help bring down crime on the Magnificent Mile in downtown Chicago appears to be working.
Chicago Bears head coach Ben Johnson says quarterback Caleb Williams "will likely miss some time," but is considered "week to week" after injuring his hamstring in Sunday's 9-3 loss to the Minnesota Vikings.
Sam Antonacci had a two-run double in a three-run fourth inning and the Chicago White Sox kept pace in the AL Central and eliminated the Detroit Tigers from playoff contention with a rain-soaked victory Sunday.
For the fans, the focus right now is on how Williams and the rest of the team perform on the field. Some are already dreaming of a Super Bowl appearance.
Chicago (87-69) reduced its magic number to one and could wrap up a berth if the Diamondbacks lose to the Yankees later Sunday.
Williams departed with a right hamstring injury midway through the fourth quarter.
A man was found shot and killed Monday morning in Chicago's West Pullman neighborhood.
Chicago police were searching Monday morning for the gunmen who robbed multiple women and stole their jewelry in Chicago's Lincoln Park neighborhood.
Burglars smashed an ATM at a gas station minimart in Chicago's West Town community early Monday, but failed to get any money, an employee said.
Thieves crashed a vehicle into a convenience store on Chicago's Near North Side early Monday and stole the ATM.
Vandals smashed out the windows of the Haymarket Pub & Brewery in Chicago's West Loop early Monday.
