Wage garnishment for student loans returns under Trump in 2026
If you have defaulted on your student loans, the Trump administration said it will begin garnishing wages again in 2026.
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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.
Federal loan payments have been on hold since the start of the pandemic, but now borrowers will have to resume payments. CBS 2's Charlie De Mar reports.
According to Border Patrol Commander Gregory Bovino, agents tried to wrestle a weapon from the suspect before he was shot and killed Saturday morning in Minneapolis.
A man is dead after a shooting in Minneapolis on Saturday involving federal immigration agents from Customs and Border Protection. Here's what we know so far.
Indiana State Police are warning residents to slow down after 2 troopers were hit in separate crashes with an hour on Saturday.
Federal agents in Minneapolis have shot and killed another person in south Minneapolis Saturday morning. The shooting comes as tensions over a surge in ICE enforcement actions have the area on high alert.
Dangerously cold wind chills linger Saturday morning as snow approaches the Chicago area.
The 5-year-old immigrant boy taken into ICE custody alongside his father in Minnesota has an active immigration case and cannot be legally deported yet, records reviewed by CBS News indicate.
A federal judge says the Trump administration must keep the money flowing for now for programs aimed at helping low-income families with children in five states.
A year ago, a law that effectively banned TikTok in the U.S. went into effect, though President Trump has not enforced it.
The Office of Management and Budget is seeking data about federal funding to 14 states and localities led by Democrats, including information from universities, and nonprofits within those states.
The Department of Homeland Security disputes a Minnesota school district's claims that ICE agents used a 5-year-old boy as bait before taking the boy and his father into custody Wednesday.
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.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
As this holiday season nears its end, Illinois Treasurer Alexi Giannoulias issued a warning Tuesday about text scams.
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.
Roughly 1.4 million fewer Americans have signed up for an Affordable Care Act plan as expiring tax breaks drive up premiums.
January is Radon Action Month, and the Cook County Department of Public Health is urging residents to test their homes for radon.
A development proposal issued this month calls for the replacement of a building housing a Giordiano's pizzeria in Chicago's Lakeview neighborhood with a new mixed-use building with 28 residential units.
United Airlines flight attendants picketed outside Chicago's Willis Tower Thursday morning as they fought for a new contract.
WSCR-AM, 670 The Score, will begin a simulcast on 104.3 FM next month.
Does the Chicago Bears' dramatic improvement this season, culminating in their first playoff run in five years, change the discussion about where they will build a new stadium?
The Piggery, a popular barbecue restaurant and bar in the northwest corner of Chicago's Lakeview neighborhood, announced Thursday that it is going out of business.
Sales of tickets to NHL games jumped more than 20% after the hit HBO show debuted in the fall, according to ticket vendor.
Among the names missing when the 98th Academy Award nominations were announced were Ariana Grande, George Clooney, Paul Mescal, Denzel Washington, and anyone associated with "Wicked: For Good."
The nominees for the 98th annual Academy Awards were announced Thursday morning, and though "One Battle After Another," "Marty Supreme," "Frankenstein" and "Hamnet" were all nominated for plenty, it was "Sinners" that broke through with a record-smashing 16 nominations.
Prince Harry struck a combative tone as he testified in his lawsuit against the Daily Mail's publisher.
The 2026 Songwriters Hall of Fame inductees were revealed on "CBS Mornings" on Wednesday. See the full list.
If you are looking for a senior pet, meet Amanda Banana!
More than 100 ComEd crews are heading to the East Coast to help restore power to areas hit by storms.
Meteorologist Kylee Miller is tracking snow moving into the Chicago area.
Firefighters battled a house fire in Andersonville amid subzero temperatures overnight.
Chicago police shot a man they said shot a woman inside a home on Friday night in the East Chatham neighborhood.
According to Border Patrol Commander Gregory Bovino, agents tried to wrestle a weapon from the suspect before he was shot and killed Saturday morning in Minneapolis.
Minnesota Gov. Tim Walz said federal agents shot another person in Minnesota Saturday morning.
Dangerously cold wind chills linger Saturday morning as snow approaches the Chicago area.
A man is dead after a shooting in Minneapolis on Saturday involving federal immigration agents from Customs and Border Protection, a U.S. official with knowledge of the incident told CBS News.
Indiana State Police are warning residents to slow down after 2 troopers were hit in separate crashes with an hour on Saturday.
As temperatures fell below zero in Chicago on Friday, tenants of a public housing complex in the East Garfield Park neighborhood said they were freezing inside their own homes due to insufficient heat.
Chicago is marking 30 years since it started its first citywide recycling program, which began with a problematic kickoff, and continues to lag behind other major cities in terms of performance.
More than a year before identical twin brothers stopped teaching at the Thornton Fractional School District, administrators were aware of allegations that one of them had been sexually assaulting a student.
Chicago relies on the CTA to get around, but there's some resistance to that reliance with safety concerns continuing to plague the mass transit system.
The Joliet Police Department is facing a federal civil rights lawsuit for patting down a 12-year-old girl who was a passenger in a vehicle pulled over for not having lights on.
Dominic James scored in the fifth round of a shootout and the Tampa Bay Lightning made it 15 straight games without a regulation loss, outlasting the Chicago Blackhawks 2-1 on Friday night.
Indiana Hoosiers quarterback Fernando Mendoza official declared for the NFL draft and could be the no. 1 pick.
Ryan Wedding, a 44-year-old Canadian national, was added to the FBI's Ten Most Wanted Fugitives list last year.
Coby White scored 22 points, Josh Giddey added 21 off the bench, and Jalen Smith converted two clutch free throws late to lift the Chicago Bulls to a 120-115 win over the Minnesota Timberwolves.
Oliver Moore scored in the shootout on his 21st birthday and Spencer Knight stopped five of six shots by Carolina to give the Chicago Blackhawks a 4-3 shootout win over the Hurricanes.
Ryan Wedding, a 44-year-old Canadian national, was added to the FBI's Ten Most Wanted Fugitives list last year.
Officials said there were 11 arrest orders for "El Botox" for extortion and homicide. He was accused of attacking authorities with explosives.
The Department of Homeland Security disputes a Minnesota school district's claims that ICE agents used a 5-year-old boy as bait before taking the boy and his father into custody Wednesday.
A Little Village man was acquitted Thursday on federal charges accusing him of trying to put a hit on U.S. Customs and Border Protection Cmdr. Gregory Bovino.
Chicago police are warning about a string of burglaries over four days last week where thieves used sledgehammers and crowbars to bust through glass front doors or windows of businesses across the city.
