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 man was charged with the stabbing death of a woman in Chicago's Albany Park on Sunday morning.
Severe storms bringing damaging winds are expected in the Chicago area on Tuesday.
South Carolina Republicans will be choosing a successor for the late Sen. Lindsey Graham's seat, and Minnesota's Senate primary is another battle between moderate and progressive Democrats.
The kit can hold the scent for up to ten years.
Neighbors on Deerpath Road have been watching different parts of a massive tree inch closer to their homes for nearly two weeks.
South Carolina Republicans will be choosing a successor for the late Sen. Lindsey Graham's seat, and Minnesota's Senate primary is another battle between moderate and progressive Democrats.
President Trump signed an executive order on childhood vaccine schedules Monday.
Liam Stanton, one of the 10 candidates for mayor of Chicago, announced Monday morning that he was withdrawing from the race and endorsing Alexi Giannoulias.
A group of activists and elected officials filed reports with the Chicago Police Department on Monday, alleging crimes committed by federal agents during Operation Midway Blitz last fall.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
The Trump administration is taking aim at power grid operator PJM Interconnection over rising electricity bills that affect Illinois and Indiana residents.
Chicago remained the most bed bug-treated city in the country, according to Orkin's latest annual rankings covering a full year of residential and commercial treatment data.
Illinois Attorney General Kwame Raoul this week warned residents cleaning up from last month's storms to be on the lookout for scams.
Illinois Gov. JB Pritzker on Thursday signed several new consumer protections into law, including a ban on junk fees.
CBS News Chicago has learned that Illinois home insurance premiums are not only higher than the nation's average, but going up faster too.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
With the cyclosporiasis linked to iceberg lettuce growing and consumers wary of the products on grocery shelves, many in Chicago are turning to local farmers market for fresh and safe greens.
East Chicago, Indiana is being placed on a precautionary boil water advisory starting Monday morning for planned installations that could affect water safety.
A new Northwestern Medicine study on long COVID shows women show more neurological symptoms than men.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
The Original Rainbow Cone celebrated its 100th anniversary on Sunday with a special event at its Beverly location.
The Shops at North Bridge on the Magnificent Mile announced plans Thursday for a multimillion-dollar renovation project.
While the building that housed the flagship Ann Sather restaurant on Belmont Avenue has been torn down, the renowned Chicago restaurant chain is now set to open a new Lakeview location.
Nationally, data centers used 17.4 billion gallons of water in 2023 — a figure projected to reach 72.6 billion gallons by 2028, raising concerns about states' water supplies.
Chicago's Wishbone Restaurant will soon be closing after 36 years in business.
Crews need about a week and a half to tear down the festival site before the city can begin its own inspection — and past cleanup costs have topped $1 million.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
If weather forces an evacuation, shelter sites are located at Grant Park North, Grant Park South, and Millennium Lakeside Garages, accessible through the vehicle entrance on Michigan Avenue.
Grant Park was filled with tens of thousands of people Thursday for the start of Lollapalooza, as warm weather greeted festivalgoers on day one of the four-day music festival.
Academy Award-winning Irish singer-songwriter Glen Hansard has died in a motorcycle crash.
Meteorologist Laura Bannon is tracking storms in Chicago.
You can test the tick itself to see if it carries the pathogen that causes Lyme disease.
Chief meteorologist Albert Ramon has the latest on the next round of storms in First Alert Weather.
Scent kits, which can hold a scent for up to ten years, allow the K9s to start tracking anyone missing right away.
The derecho left four people dead, sparked at least 26 tornadoes, with winds up to 140 miles per hour in Iowa, costing $11.5 billion in damage, making it the most expensive thunderstorm event in modern history.
A man and a woman were killed in a shooting at a Chicago Public Schools elementary school on Monday afternoon near Midway International Airport.
A lawsuit has been filed on behalf of a former Cicero firefighter against Gibsons Steakhouse in Oak Brook, alleging contaminated oysters he was served there cause catastrophic brain injuries.
The kit can hold the scent for up to ten years.
Two EF-1 tornadoes have been confirmed to have touched down in La Salle County Sunday night.
A man was charged with the stabbing death of a woman in Chicago's Albany Park on Sunday morning.
Many unanswered questions remain after 56 decomposing bodies were found inside a Chicago funeral home last week.
A lawsuit on behalf of a man who was shot and killed by police in Humboldt Park in March claims a CPD officer fired deadly shots just after arriving at a controlled scene instead of de-escalating.
Neighbors of a South Side animal feed plant have complained about the noxious smell and air quality for years. Now the city of Chicago and state of Illinois are suing Pullman Innovations to clean up the air, as well as for alleged illegal work and permit violations.
The owners of a Far South Side funeral home where dozens of decomposing bodies were found earlier this week have run into trouble with state regulators before over their handling of bodies at a crematory in the south suburbs.
University of Illinois researchers have found a correlation between more green spaces and less violence in neighborhoods. A group in Chicago is planting trees with the mission to bring beauty and safety to the whole city.
Tim Anderson, a two-time All-Star shortstop who won the 2019 AL batting title with the Chicago White Sox, has decided to retire after spending 10 years in the major leagues.
The Chicago White Sox are preparing for another sold-out crowd on Tuesday night at Rate Field as they celebrate the team's most famous fan, Pope Leo XIV.
Colson Montgomery's 26th homer, a three-run shot, capped Chicago's four-run third inning and the White Sox held on to beat the Cleveland Guardians 5-3 on Sunday.
Chicago Bears receiver Luther Burden III will reportedly miss a little bit of time with a groin injury he suffered at practice on Saturday.
Ian Happ hit a two-run homer, Miguel Amaya added a three-run shot and the Chicago Cubs beat the Kansas City Royals 10-2 on Sunday.
Chicago police issued a business alert this past weekend, warning store employees to be vigilant as detectives investigate a pair of robberies.
At least five people were killed, and 14 more were wounded, in shootings in Chicago this weekend as of early Sunday afternoon. The victims ranged in age from 17 to 50.
A woman was found stabbed to death early Sunday morning in Chicago's Albany Park neighborhood.
Two Chicago men were arrested early Sunday morning following a pursuit along the Borman Expressway in Northwest Indiana.
Chicago police this weekend were looking for help from the public in finding a man accused of shooting a 16-year-old boy in the West Lawn neighborhood earlier this year.
