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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.
The ruling means 40 million Americans who stood to have thousands of dollars in debt wiped away will now have to pay up.
Cubs Chairman Tom Ricketts and manager Craig Counsell delivered a message to the Cubs team before their first full-squad workout.
Action in Springfield this week could jumpstart the seemingly stalled negotiations between the Chicago Bears and Illinois state lawmakers on a deal to build a new stadium in Arlington Heights.
Chicago residents and visitors to the city are getting a taste of spring this President's Day, but how long will it last?
A pedestrian was struck when a police chase ended in a crash on Chicago's Near West Side.
Police said the deadly shooting during a high school boys' hockey game in Pawtucket, Rhode Island, appears to have stemmed from a family dispute.
Action in Springfield this week could jumpstart the seemingly stalled negotiations between the Chicago Bears and Illinois state lawmakers on a deal to build a new stadium in Arlington Heights.
Amid rising property tax bills in Chicago, Cook County Assessor Fritz Kaegi – whose office plays a key role in determining individual property owners' tax burdens – is running for a third term against a former employee trying to take his seat.
After setting social media abuzz by saying aliens were real, former President Barack Obama said he didn't see evidence that aliens "have made contact with us."
This is after Mayor Brandon Johnson vetoed an ordinance that would have banned most hemp-derived products this weekend.
An 11th Congressional District candidate, Tedora Brown, was left off the ballot after she was accused of gathering fake signatures to run for office.
This is after Mayor Brandon Johnson vetoed an ordinance that would have banned most hemp-derived products this weekend.
This week marks Identity Theft Awareness Week, and Illinois Comptroller Susana Mendoza emphasized some safety tips Monday for avoiding and dealing with identity theft.
A controversial data center in Naperville, Illinois, could be the cause to pack a city council meeting there on Tuesday night.
Police in the west Chicago suburb of Geneva are warning of a scam involving spoofed phone numbers.
Protesters on Tuesday were cranking up the heat on Peoples Gas over a recently proposed rate hike that would add an additional $10 to $11 a month to utility bills.
Ann & Robert H. Lurie Children's Hospital announced this week that it is planning to open a new pediatric hospital in the west Chicago suburb of Downers Grove.
It has been nearly six years since the start of the COVID-19 pandemic, and one of the many questions doctors are still working to answer concerns the long-term effects.
Leaders from Cook County, the Illinois Department of Human Services, and the Greater Chicago Food Depository denounced changes to the Supplemental Nutrition Assistance Program on Wednesday.
The University of Chicago Medicine Comprehensive Cancer Center has received a grant from The Ralph Lauren Corporate Foundation for a new cancer center.
Chicago's Lurie Children's Hospital said Tuesday that it is no longer initiating gender-affirming medical treatment for minors.
BP refinery workers in Northwest Indiana hit the picket line this past weekend as they escalate their fight for a contract.
Funkytown has now received a $3.7 million grant from the City of Chicago. The money will be used to create a new brewery and tap room on the Near West Side.
With his name now hanging in the rafters, former Chicago Bulls guard Derrick Rose is helping the United Center with its major redevelopment.
A potential bidding war is taking shape for the Daily Herald, the newspaper of record for suburban Chicago.
A Near West Side diner known for drawing in Blackhawks fans and players is up for sale.
Robert Duvall was in such classics as "The Godfather," "To Kill a Mockingbird," "M*A*S*H," "The Great Santini" and "Tender Mercies."
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny took the stage at halftime for the 2026 Super Bowl. Here's who else performed at Super Bowl 60.
They include the Rolling Meadows, Skokie, Bridgeview and Markham courthouses, as well as Melrose Park Village Hall and the Cook County clerk's downtown offices. They will be open weekdays from 9 a.m. until 5 p.m.
Action in Springfield this week could jumpstart the seemingly stalled negotiations between the Chicago Bears and Illinois state lawmakers on a deal to build a new stadium in Arlington Heights.
Actor Robert Duvall, the Oscar-winning actor knowns for movies like "Apocalypse Now" and "The Godfather," died Monday at the age of 95.
A 14-year-old girl was shot Sunday morning in a home unincorporated Oswego Township, and a male victim was later found shot dead in the same home.
Two people were killed and three others critically injured n a shooting at a high school boys' hockey game in Pawtucket, Rhode Island, police said. The shooter is also dead.
Loved ones are remembering Ofelia Torres as a brave advocate, after the teenager died after successfully fighting to get her father released from immigration detention.
A pedestrian was struck when a police chase ended in a crash on Chicago's Near West Side.
Police said the deadly shooting during a high school boys' hockey game in Pawtucket, Rhode Island, appears to have stemmed from a family dispute.
Action in Springfield this week could jumpstart the seemingly stalled negotiations between the Chicago Bears and Illinois state lawmakers on a deal to build a new stadium in Arlington Heights.
Chicago residents and visitors to the city are getting a taste of spring this President's Day, but how long will it last?
A state lawmaker is joining the growing call for accountability from the Illinois Department of Children and Family Services about past abuse allegations before an 8-year-old boy's murder.
Chicago's rodent problem is well known, but a new pilot program testing rat birth control to curb the population in problem areas is underway to help rein it in.
From Kat Abughazaleh to Jason Friedman, some surprising names lead in fundraising in Illinois' primary elections.
The move means the United States Environmental Protection Agency will no longer regulate greenhouse gases emitted from sources like cars, trucks and power plants.
CBS News Chicago is tracking what led to the death of an 8-year-old boy in Round Lake Beach and whether state officials were aware of any red flags before his murder.
Cubs Chairman Tom Ricketts and manager Craig Counsell delivered a message to the Cubs team before their first full-squad workout.
Newly acquired Luisangel Acuna was among the White Sox players getting on the field for the first time.
The NBA Hall of Famer bear-hugged Reddick in victory lane and then jointly hoisted the Harley J. Earl trophy with the 23XI Racing driver.
Illinois pulled down 15 offensive rebounds, which led to 17 second-chance points, and outrebounded Indiana 38-25.
Saint Patrick High School in Chicago's Portage Park neighborhood finished third in Class 3A last year in what was a historic moment for the basketball program — marking their first ever trip to Champaign.
A device that can pick up certain electronic signals is being used in the search for Nancy Guthrie, as it may detect emissions from her pacemaker, sources told CBS News.
A 14-year-old girl was shot Sunday morning in a home unincorporated Oswego Township, and a male victim was later found shot dead in the same home.
A woman was hospitalized Monday after being shot in Chicago's Auburn Gresham neighborhood.
Police early Monday were searching for an attacker who shot and wounded two young men in Chicago's West Ridge or West Rogers Park neighborhood.
Chicago police were conducting a homicide investigation early Monday after a shooting in the city's Englewood neighborhood.
