Student loan defaults surging in wake of COVID-tied payments pause expiration
Defaults on student loans have surged across the United States, reaching record levels as borrowers struggle to keep up with payments.
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Defaults on student loans have surged across the United States, reaching record levels as borrowers struggle to keep up with payments.
Loan revamp affects how much students and families can borrow to pay for college, as well as their repayment options.
A federal judge just blocked a Trump administration move to limit the amount of federal loans nursing students can borrow, but medical students aren't off the hook yet.
The Education Department signaled earlier this year that it would move to resume wage garnishment, among other forms of involuntary collection, for those in default.
Current SAVE borrowers will have "limited time" to enroll in a new loan repayment plan and begin repaying their loans, the Education Department said.
Proposed Department of Education rule could deny loan forgiveness to borrowers whose employers are found to be illegally "undermining national security and American values."
The Education Department has temporarily paused loan forgiveness for an income-based repayment plan. Here are the details.
New law reduces the number of federal student loan repayment options and caps how much individuals can borrow for higher education.
The Trump administration last month started garnishing paychecks and Social Security benefits to collect defaulted loans.
With the Department of Education this month resuming collections on student loans, millions of Americans are at risk of having their wages garnished.
The U.S. Department of Education is threatening to withhold federal aid to colleges and universities that have high levels of students in default on their student loans.
Collection of defaulted federal student loans has resumed after a five year pause started during the pandemic. Defaulting can now lead to garnishment of state or federal benefits; and garnishment of wages will start this summer.
TransUnion, one of the three major credit bureaus, found that one in five student loan borrowers is at risk of defaulting.
Jana Heartwood owes more than $40,000 in student loan debt. She says when payments resumed last year, she was not notified and is now struggling to get answers from her loan servicer.
A new proposal from Republican lawmakers would eliminate the popular SAVE repayment plan, which helped lower costs for millions.
Nearly 10 million borrowers could be in default within a few months, according to the department.
Trump administration effort to wind down the Education Department could lead to frustration for millions of student loan borrowers, experts say.
The Department of Education doesn't oversee school curriculums, but it does offer a range of services affecting millions of Americans.
President-elect Donald Trump has called the Biden administration's student loan relief efforts a "total catastrophe."
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.
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.
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 unveiled a new plan that comes after the Supreme Court ruled against his previous debt-forgiveness program.
This round of Biden's student loan forgiveness proposals targets the interest that adds up over time on student loans.
As anti-Islam protesters allegedly plan to come to next week's city council meeting in Dearborn, police are telling residents that it's best to just avoid them.
Jo Adell homered and Angel Martínez had three hits as the Cleveland Guardians defeated the Detroit Tigers 6-4 to snap a three-game skid.
Two people, including a 13-year-old boy, were seriously hurt following a small plane crash on Wednesday in West Michigan, according to Michigan State Police.
A Michigan man is facing federal charges after authorities say he allegedly attempted to travel to Tennessee to meet minors.
Police say Macomb County prosecutors declined to issue charges, citing self-defense. The suspects in both cases have since been released.
As anti-Islam protesters allegedly plan to come to next week's city council meeting in Dearborn, police are telling residents that it's best to just avoid them.
Two people, including a 13-year-old boy, were seriously hurt following a small plane crash on Wednesday in West Michigan, according to Michigan State Police.
Weather models are in disagreement, and the word to hang on to Wednesday is "chance."
Jo Adell homered and Angel Martínez had three hits as the Cleveland Guardians defeated the Detroit Tigers 6-4 to snap a three-game skid.
More than 41,000 drivers crossed the Gordie Howe International Bridge into Canada during the bridge's opening days, Canadian officials said.
On average, drivers in the state are paying $4.15 per gallon for regular unleaded fuel.
Dodge unveiled the return of the Super Bee on Thursday during a media preview for Roadkill Nights Powered by Dodge at M1 Concourse in Pontiac.
As a special Goodyear Auto Service Center, the store will display the company's products, technology and heritage.
The president's visit to the Great Lakes state comes less than 100 days before midterm elections that will test his party's grip on Congress.
A 23-year-old man who pleaded guilty to conducting a criminal enterprise in connection with a Metro Detroit vehicle theft operation that Michigan officials called "prolific" has been sentenced, according to online court records.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
It was another busy night in Ann Arbor as country singer Morgan Wallen took the stage on Saturday for his second concert in as many days at Michigan Stadium, better known as the Big House. Like any game day at the venue, there's a lot of foot traffic and first responders at every corner.
A group of young performers is taking the stage on Friday night to showcase their talents while celebrating Detroit's culture and history.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
A major weekend in Ann Arbor as fans gear up to see country music star Morgan Wallen take over the University of Michigan Big House stadium on Friday and Saturday.
Jo Adell homered and Angel Martínez had three hits as the Cleveland Guardians defeated the Detroit Tigers 6-4 to snap a three-game skid.
Certain salsas, guacamole, pico de gallo and prepared jalapeño products at Whole Foods are among the products recalled over possible salmonella risk.
The CPI report was in line with economists' expectations, marking the second consecutive month with cooler price pressures.
F-16 fighter jets intercepted a civilian plane that violated a temporary flight restriction over Geneva, Ohio, where President Trump attended the 2026 Patriot Games.
More than 41,000 drivers crossed the Gordie Howe International Bridge into Canada during the bridge's opening days, Canadian officials said.
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 fungus can live on surfaces, move from person to person and, in some cases, resist the drugs used to treat it. For people who are already sick, the fungus can become life-threatening and, in some cases, fatal.
State and federal health officials say cyclosporiasis cases are slowing down, and contaminated lettuce is no longer on the market.
The Michigan Department of Health and Human Services says it has counted 12,218 cyclosporiasis cases in the state as of Aug. 5.
Despite more than 11,500 cyclosporiasis cases statewide, Michigan health officials say residents should continue eating fresh produce and follow washing and handling steps to reduce their risk of illness.
Jo Adell homered and Angel Martínez had three hits as the Cleveland Guardians defeated the Detroit Tigers 6-4 to snap a three-game skid.
Kevin McGonigle drove in three runs, Drew Anderson tossed four innings of one-run ball in his fourth start of the year, and the Detroit Tigers beat the Cleveland Guardians 6-4.
The Detroit Lions will be without starting center Cade Mays for a "significant" amount of time after the free agent addition suffered a wrist injury.
Hao-Yu Lee drove in the go-ahead run in the 10th inning with a pinch-hit single and the Detroit Tigers beat the San Francisco Giants 3-1 in the rubber game of their series.
The Detroit Lions are signing veteran quarterback Josh Dobbs, according to NFL media. The move comes after the team placed QB Teddy Bridgewater on the reserved/retired list on Sunday.
The eyes of the nation were on Michigan as its critical 2026 primary was held last Tuesday.
As the nation turns its attention to Michigan's critical Aug. 4 primary, the Michigan Matters roundtable weighs in.
Perry Johnson discussed not receiving President Trump's endorsement and the reasons he believes John James did.
The conversation turns to rising auto insurance rates across Michigan and new legislative bills in Lansing that would help stem the tide.
The Democratic side of the aisle had an intriguing development earlier this week when state Rep. Mallory McMorrow suddenly dropped out of the contest
The Detroit Lions are gearing up for their first preseason game on Thursday. Meanwhile, the Michigan State Spartans are preparing for their football season opener.
Rain chances fall away until more showers return this weekend.
As anti-Islam protesters allegedly plan to come to next week's city council meeting in Dearborn, police are telling residents that it's best to just avoid them.
Over a hundred people gathered at Ford Field on Wednesday for CPR training hosted by the Detroit Lions Foundation and the American Heart Association, all with the goal of preparing more people to respond during a cardiac emergency.
New details are emerging about President Trump secretly switching to a different plane in Turkey after the NATO summit.