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.
Yale joins Harvard, MIT and other top universities that have eliminated tuition for households with modest income.
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.
Involuntary collections include garnishing wages, withholding tax refunds and Social Security benefits.
A new proposal from Republican lawmakers would eliminate the popular SAVE repayment plan, which helped lower costs for millions.
After years of paused student loan payments, millions of borrowers are still struggling to restart repayment, and some haven't even begun.
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.
The Biden administration is canceling federal student loans for another 55,000 workers to the tune of $4.28 billion in what's expected to be the last such round before he leaves office.
President-elect Donald Trump has called the Biden administration's student loan relief efforts a "total catastrophe."
Student loan payments for people enrolled in the Biden administration's SAVE plan will remain on hold for at least six more months.
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.
One day after the Federal Reserve lowered interest rates, CBS News Miami is exploring how the move can help you save money.
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.
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 fire broke out in the 1000 block of Northeast 63rd Court around 9:45 a.m. Tuesday, officials said.
High temperatures will climb to the low 90s this afternoon, and it will feel like the upper 90s and 100s when you factor in the humidity.
Eighth grader Ashrita Kaza, 13, and her brother, Anish, are behind Pizza for a Purpose.
Florida Republican gubernatorial candidate Byron Donalds made the announcement at an event in Miami on Tuesday.
Degnis Bofill, who won a 2022 Latin Grammy, is being held at the Krome Detention Center in Miami-Dade County while his asylum case is pending.
Florida Republican gubernatorial candidate Byron Donalds made the announcement at an event in Miami on Tuesday.
High temperatures will climb to the low 90s this afternoon, and it will feel like the upper 90s and 100s when you factor in the humidity.
Eighth grader Ashrita Kaza, 13, and her brother, Anish, are behind Pizza for a Purpose.
The Miami Dolphins' three preseason games will air on CBS Miami as the team prepares for the 2026 NFL season.
Degnis Bofill, who won a 2022 Latin Grammy, is being held at the Krome Detention Center in Miami-Dade County while his asylum case is pending.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
Florida Republican gubernatorial candidate Byron Donalds made the announcement at an event in Miami on Tuesday.
Although some Canadian goods will get more expensive in the U.S., trade experts don't expect a broader inflation spike.
Since then, more than 200 people have been killed in U.S. strikes in the eastern Pacific Ocean and Caribbean Sea.
Researchers and disability rights advocates warn that the dismantling of the Education Department and its erosions of civil rights oversight risk widening the disparities autistic children face.
U.S. Army Secretary Dan Driscoll is considering stepping down from his post by the end of the year, two people familiar with the matter told CBS News Saturday.
Gilbert is running for the seat that Frederica Wilson is retiring from.
The winner of the Florida Democratic primary now has her eyes set on the Senate seat currently held by Republican Ashley Moody.
In a statement, Moody attempted to distance herself from the affair, suggesting the blame rests with the Governor and his Administration.
The race to see who will be the Democratic nominee to take on Republican Congresswoman Maria Elvira Salazar in District 27 is being closely watched.
Months after leaving TV news, Rodriguez is competing against former prosecutor Robin Peguero for the CD-27 nomination.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
The notice from a U.S. government agency does not indicate in which stores the beef was sold.
Despite a rash of foodborne illnesses in recent months, one expert said the nation's food supply is "remarkably safe." Here's what to know.
Federal officials issued a public health alert for meat products containing jalapeños that may be linked to a salmonella outbreak that has sickened hundreds of people across at least 27 states.
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.
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
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.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
After Hayden Panettiere's death, fans resurfaced her claim that Neutrogena had fired her in 2015 over her comments about postpartum depression.
"Today, Elwood and I lost a great friend and collaborator, and the world lost one of the most naturally innovative drummers and a great and true son of Texas," ZZ Top's Billy Gibbons said in a statement.
Co-stars and friends of Hayden Panettiere are remembering her for her friendship, intelligence and talent after her shocking death on Sunday.
Hayden Panettiere, who starred in "Remember the Titans" as a child actor and rose to fame in the series "Heroes," has died at the age of 36. The coroner's office says she was found in cardiac arrest.
Latin music stars Marc Anthony, Feid, and others are set to perform at a benefit concert in Miami on August 16.