What to know about the major student loan changes coming July 1
The changes will affect how much students and their parents can borrow, as well as their repayment options.
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The changes will affect how much students and their parents can borrow, 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.
Microphones are perched atop 45 buildings, helping to capture a picture of bird traffic in Chicago. But the buildings helping to monitor birds also threaten them.
Michael Busch added a solo homer as the Cubs lost for the 21st time in 28 games.
The second-place White Sox (35-31) moved within a half-game of scuffling Cleveland atop the AL Central.
The flames from the cross burning in the middle of Grant Park were visible to anyone driving or walking down Columbus Drive.
Residents say that one particular business is at the center of a number of incidents in the area.
Chicago City Council members on Tuesday continued to put pressure on the Johnson administration to replace the city's ShotSpotter gunshot detection system, as a top city official revealed it could be eight more months to get it done.
A partial transcript of grand jury proceedings in the "Broadview Six" case were released Tuesday, demonstrating what attorneys for the now-cleared defendants say are instances of misconduct by federal prosecutors looking for an indictment.
The next round of Cook County property tax bills will be delayed by approximately two months, officials announced Tuesday.
Two Illinois lawmakers are pushing new efforts to keep the Chicago Bears from leaving for Indiana, as the mayor of Hammond says the exact site for a new Bears stadium in the Hoosier state is still in flux.
Attorneys for Salah Sarsour, president of Wisconsin's largest mosque, told a federal judge he has lost 30 pounds and is not receiving consistent medical care for Type 2 diabetes while held in an Indiana jail.
An Illinois law banning "swipe fees" on taxes and tips — already delayed twice by lawmakers — appears to be on life support after a federal judge that once permitted it issued a permanent injunction against it this week.
A new study from the Cook County Treasurer's office underlines growing concerns about the impact the Illinois megaprojects bill could have on the county's property tax base and overall fiscal health.
As thousands of Chicagoans wrap up road trips over the Memorial Day holiday weekend, gas prices in the city have reached the highest levels seen in four years.
Consumer and environmental advocates said Monday that they found overcharges buried in the most recent rate-hike request by Nicor.
One week away from Memorial Day weekend and the unofficial start of the summer travel season, with gas prices remaining high, negotiations were set to resume Monday at the largest oil refinery in the Midwest.
Dr. Peter Stafford was working with a missionary group in the Congo when he came down with the virus last month.
While 330 Ebola infections are confirmed in central Africa and huge challenges remain, hundreds more suspected cases "have been cleared out," the WHO says.
June is World Infertility Awareness Month, and Northwestern Medicine on Monday shared the story of a woman who is celebrating the birth of her second child after a tumor disrupted her fertility.
The Centennial Park Aquatic Center in the southwest Chicago suburb of Orland Park has been closed to the public after two recent cases of E. coli infection.
Menopause can feel like a major turning point for millions of women, with symptoms like fatigue, weight gain, and brain fog can make women feel like their bodies aren't their own.
Walgreens is set to close in Chicago's Chatham neighborhood on Thursday, and there's growing concern about where families will get their medications.
The owners of Gene & Georgetti steakhouse are suing a concessions operator over their expansion at Midway International Airport.
DraftKings announced Monday that it is closing its sportsbook operation at Wrigley Field after only about two years.
After more than 80 years, there will be no Ann Sather restaurant location in the 900 block of West Belmont Avenue in Chicago's Lakeview community, effective in June.
Flight attendants at Chicago-based United Airlines have approved a new labor contract, marking their first pay increases in six years.
Forty years ago last weekend, crowds turned out for the Chicago Blues Festival — an event studded with a roster of stars for a spectacle that's still talked about today.
Visitors will soon be able to check out the set from CBS' "The Late Show with Stephen Colbert" in Chicago, at the Museum of Broadcast Communications.
"Schmigadoon!" — which was tied for the most nominations, with 12 — won Best Musical, and "Liberation" took home the honor of Best Play at the 2026 Tony Awards.
Anthony Head played librarian and mentor Rupert Giles in "Buffy the Vampire Slayer" and recently appeared in "Ted Lasso."
Chicago Bears quarterback Caleb Williams is on the cover of Madden NFL 27, the first Bear ever to grace the primary cover of the massively popular video game.
The exhibit promotes bird-safe designs, treating glass with patterned dots spaced two inches apart.
Wednesday starts warm and dry, but severe storms are expected to move in by the afternoon, with damaging winds of up to 80 mph. Meteorologist David Yeomans is tracking the latest in First Alert Weather.
The flames from the cross burning in the middle of Grant Park were visible to anyone driving or walking down Columbus Drive.
Ald. Timmy Knudsen says he is now working with city departments to put some restrictions on nightlife along the corridor.
The Cook County Crime Stoppers is offering a reward of up to $10,000 for information about the shooting that left one man dead, and three others injured on the city's West Side Monday evening.
CBS Skywatch was over the scene at 189th Street and Lorreto Lane, where multiple law enforcement officers, including members of the Alcohol, Tobacco, Firearms, and Explosives, were canvassing the area.
Microphones are perched atop 45 buildings, helping to capture a picture of bird traffic in Chicago. But the buildings helping to monitor birds also threaten them.
The flames from the cross burning in the middle of Grant Park were visible to anyone driving or walking down Columbus Drive.
A partial transcript of grand jury proceedings in the "Broadview Six" case were released Tuesday, demonstrating what attorneys for the now-cleared defendants say are instances of misconduct by federal prosecutors looking for an indictment.
Gov. JB Pritzker said he'd be willing to call a special legislative session this summer if the Bears and state lawmakers can reach an agreement on a plan to keep the team in Illinois.
The Crisis Alternative Response Evanston, or CARE, team responds to calls that, before July 2024, would have been lumped into police calls.
The system will provide all heating, cooling, and ventilation for the high school's new physical education facilities and contribute to the school system, saving the district nearly $400,000 a year.
The forecast for a summer reopening of West Suburban Medical Center in Oak Park is growing cloudy, as negotiations continue between the owners and landlord, after the safety net hospital abruptly shuttered its doors in March.
The Obama Presidential Center has been built with sustainability literally in its foundation. But its infrastructure for clean energy, environmentalism and climate change resiliency will also help the communities around it on Chicago's South Side.
A driver in Carol Stream says a band of hungry squirrels caused nearly $30,000 in damage to three different luxury vehicles because of plant-based parts they view as a tasty snack.
Michael Busch added a solo homer as the Cubs lost for the 21st time in 28 games.
The second-place White Sox (35-31) moved within a half-game of scuffling Cleveland atop the AL Central.
As much success as Loveland had as a rookie, especially down the stretch, he's locked in on getting better to be ready if that route tree is expanding.
Top prospect Braden Montgomery has joined the Chicago White Sox after the outfielder was brought up from Triple-A Charlotte.
Longtime CBS News Chicago sports and news anchor/reporter Ryan Baker announced he will be leaving his role after nearly 20 years to enter a new chapter in the nonprofit sector.
Attorneys for Salah Sarsour, president of Wisconsin's largest mosque, told a federal judge he has lost 30 pounds and is not receiving consistent medical care for Type 2 diabetes while held in an Indiana jail.
Nick Reiner is accused of stabbing his parents Rob and Michele Singer Reiner to death at their home in December.
Prosecutors allege the suspects robbed a home in Warren, Michigan, killing two people in December 2024.
An Illinois investment advisor has been indicted by a grand jury on charges that he swindled his clients in a Ponzi scheme.
One person was arrested after a pickup truck struck an Illinois State Police squad car in Chicago's Grand Crossing community early Monday.
