How the Supreme Court's student loan relief ruling affects borrowers
The Biden administration's flagship student loan relief plan has 8 million participants. Here's what they should know about the Supreme Court's decision.
The Biden administration's flagship student loan relief plan has 8 million participants. Here's what they should know about the Supreme Court's decision.
About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.
Total student loan debt in the U.S. is now nearly $1.8 trillion, and experts say young people are delaying buying homes and starting families because of it. So, what could the lives of students look like when they graduate debt-free?
The Biden administration says it has now wiped away $167 billion of student loans for 4.75 million people, or 1 in every 10 borrowers.
The Biden administration said it's erasing debt for people who attended the for-profit Art Institutes, which shut down in September.
President Joe Biden unveiled a new plan that comes after the Supreme Court ruled against his previous debt-forgiveness program.
About 78,000 people will receive an email from President Joe Biden telling them that their loans are canceled. Here's what to know.
Typically, FAFSA forms are released on Oct. 1. But this year, the application forms came out three months late, on Dec. 30, 2023.
The Department of Education will automatically forgive student debt for borrowers who meet a few conditions. Here's who.
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.
As student loan repayments restart in October, the Biden administration said 125,000 people with student loans will have their debt erased.
Some borrowers who had enrolled in income-driven repayment plans will start getting their debt discharged this week.
The new income-driven repayment plan could cut borrowers' monthly payments in half, while some could see their monthly payments go down to $0.
The Education Department said it will begin notifying borrowers on Friday about the automatic discharge.
Borrowers are now facing double whammy after high court rules against Biden administration's student loan forgiveness program.
President Joe Biden vetoed legislation Wednesday that would have repealed his plan to forgive student debt.
The debt ceiling deal includes a provision to end the pandemic-related federal student loan payment pause
One part of plan for tackling student debt could spur more people than expected to join program, analysis says.
The proposal comes as the Biden administration's plan to forgive up to $20,000 in student debt remains in limbo.
Some education experts see the plan as a more powerful tool to make college affordable than the proposal to slash or eliminate student debt for 40 million Americans, which is before the Supreme Court.
The Biden administration had earlier extended a repayment pause while its student-debt relief program remains tied up in court.
A Biden administration program forgiving up to $20,000 in student loans remains hung up in court.
U.S. has told millions of people with student loans that their applications for relief were approved — but there's a hitch.
Michigan Attorney General Dana Nessel joined a coalition of 23 other attorneys general in filing an amicus brief on what they call abusive student loan debt collection practices.
The program had already been on hold since the 8th Circuit Court of Appeals issued a temporary stay last month.
For the third straight year, Detroit cracked the top 10 list, coming in at No. 8.
The concert, part of Timberlake's "The Forget Tomorrow World Tour," was originally planned for Friday, Oct. 25.
Some patients fear tirzepatide, sold by Eli Lilly under the brand names Zepbound and Mounjaro, will be hard to get and prohibitively expensive once compounding pharmacies are no longer producing it.
Airlines must be accountable for their treatment of passengers with disabilities, Transportation Secretary Pete Buttigieg said.
Shohei Ohtani's 50th home run ball has sold at auction for nearly $4.4 million, a record high price not just for a baseball, but for any ball in any sport.
Michigan State Police began investigating Zachary Radcliff, a former music and youth director at Oakwood Church in Augusta Township, on Oct. 2.
For the third straight year, Detroit cracked the top 10 list, coming in at No. 8.
The concert, part of Timberlake's "The Forget Tomorrow World Tour," was originally planned for Friday, Oct. 25.
Some patients fear tirzepatide, sold by Eli Lilly under the brand names Zepbound and Mounjaro, will be hard to get and prohibitively expensive once compounding pharmacies are no longer producing it.
Detroit rapper Eminem has spoken in support of Vice President Kamala Harris' presidential campaign in his hometown before introducing former President Barack Obama at a rally.
U.S. sales are down and a once-profitable joint venture in China is losing money, but General Motors still managed to post $3 billion in net profits last quarter.
Stellantis is fixing its slowing U.S. sales at the right pace after fumbling a marketing plan earlier this year, CEO Carlos Tavares told reporters Monday.
Here's what to know about buying tickets for the 2025 Detroit Auto Show at Huntington Place in January.
Stellantis rejected the UAW's proposal to restore the Jobs Bank concept, which the automaker says contributed to its bankruptcy in 2009.
The automaker said the hurricane had impacted suppliers, and the company is working with them to resume operations as soon as possible.
The concert, part of Timberlake's "The Forget Tomorrow World Tour," was originally planned for Friday, Oct. 25.
Detroit rapper Eminem has spoken in support of Vice President Kamala Harris' presidential campaign in his hometown before introducing former President Barack Obama at a rally.
Disney is clarifying its timeline for naming Bob Iger's successor, while also bringing in Morgan Stanley's ex-CEO as board chair.
The cold open skit marked Baldwin's return to the comedy sketch show after the "Rust" involuntary manslaughter case was dismissed in July 2024.
The Rock & Roll Hall of Fame class included Mary J. Blige, Foreigner, the late Jimmy Buffett and A Tribe Called Quest, among others.
Airlines must be accountable for their treatment of passengers with disabilities, Transportation Secretary Pete Buttigieg said.
Shohei Ohtani's 50th home run ball has sold at auction for nearly $4.4 million, a record high price not just for a baseball, but for any ball in any sport.
McDonald's has stopped selling the popular product in some states as an investigation into the cause of the bacteria continues.
Chipotle plans to deploy a conversational AI hiring system, dubbed "Ava Cado," across more than 3,500 restaurants.
Target is reducing the prices of more items as the discount retail chain readies for the holiday shopping season.
McDonald's has stopped selling the popular product in some states as an investigation into the cause of the bacteria continues.
A TreeHouse Foods recall of over 600 types of waffles has been expanded to include pancakes and Belgian waffles.
Walmart is launching a new service to deliver prescription drugs in 49 U.S. states by the end of January.
The United Michigan Medicine Allied Professionals union voted to authorize a strike at Michigan Medicine after failing to reach a bargaining agreement.
"If he's exhausted being on the campaign trail, is he fit to do the job?" Harris asked as Trump refuses to release detailed medical records.
Shohei Ohtani's 50th home run ball has sold at auction for nearly $4.4 million, a record high price not just for a baseball, but for any ball in any sport.
Patrick Kane scored a first-period goal, Alex Lyon made 29 saves and the Detroit Red Wings held on to edge the New York Islanders 1-0.
Bronny James entered the game with his father, LeBron James, with four minutes left in the first half and the Los Angeles Lakers leading the Minnesota Timberwolves.
This year's one-of-a-kind Detroit Lions-themed motorcycle will be raffled off, made possible with permission from the Detroit Lions.
Detroit Lions coach Dan Campbell says his team executed in all three phases when trailing by one point late against the Minnesota Vikings in what became a 31-29 victory.
Both party chairs also talked about the ground game as each looks for independent voters and those who haven't voted in a while they hope to inspire to show up on Nov. 5.
Trump and Harris and their anointed representatives continue to make campaign stops in Detroit, Grand Rapids, Flint and other places in Michigan, a critical battleground state.
As Kamala Harris, Donald Trump, Tim Walz and JD Vance campaign in the Great Lakes States in rapid succession, the Michigan Matters roundtable weighs in on voters pollsters say are up for grabs in this critical swing state.
Watch Michigan Matters at its new time: 5:30 a.m. Sundays on CBS Detroit, noon Sundays on Detroit 50 WKBD.
Reggie E. Davis, president of consumer banking at Flagstar Bank, talks about the company's imprint in Michigan and the changing dynamics of the industry on CBS Detroit's Michigan Matters.
Former Detroit Pistons forward Grant Long previews the Pistons season opener and looks at the 2024-25 season.
A Michigan church youth director is charged with criminal sexual conduct; former President Donald Trump returns to Michigan later this week and more on your top stories.
Rain for Friday.
Detroit rapper Eminem stepped into the political arena Tuesday in his hometown, where he spoke briefly at a rally for Vice President Kamala Harris ' presidential campaign before welcoming former President Barack Obama to the stage.
A Broadway musical about the life of Michael Jackson debuts Wednesday night at the Fisher Theatre in Detroit. Three of the actors talked with CBS News Detroit about their being a part of the musical.