DOE to begin collecting on defaulted student loans
Involuntary collections include garnishing wages, withholding tax refunds and Social Security benefits.
Watch CBS News
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.
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.
About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.
This round of Biden's student loan forgiveness proposals targets the interest that adds up over time on student loans.
President Biden said that of the borrowers who can get their loans forgiven, nearly 44,000 are teachers, nurses, firefighters and others who are eligible for forgiveness after working 10 years of public service.
Borrowers who took out $12,000 or less in loans and have been in repayment for at least 10 years could get their debt erased.
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.
The number of people seeking help on the platform to pay student loans has exploded over the last year, the crowdfunding site says.
Department of Education said impacted borrowers will not have payments due until these mistakes are fixed
As student loan repayments restart in October, the Biden administration said 125,000 people with student loans will have their debt erased.
Teri Hornstein reports there are several ways to pay back loans, including an income driven repayment plan.
Americans with student loan debt need to begin repaying their loans again after a hiatus of more than three years.
There is help available
Scammers are seizing on "chaos and confusion" ahead of the resumption of student loan repayments, one expert warned.
Biden administration officials say the new federal program could cut monthly loan payments for 20 million people.
After a three-year hiatus, interest on student loans begins piling up again on Friday, with payments due in October.
Two conservative groups are asking a federal court to block the Biden administration's plan to cancel $39 billion in student loans for more than 800,000 borrowers.
Only one-third of borrowers are aware that loan repayments will restart in October, a new survey found.
The Florida Panthers' Stanley Cup championship festivities have included an all-night celebration at a popular beach bar; crowd surfing, pole climbing and impromptu karaoke at a Miami nightclub; a Brad Marchand appearance at Dairy Queen; a few team dinners and a boat ride.
A 16-year-old boy is dead and five people were hospitalized after a fiery crash involving multiple vehicles in Pompano Beach on Friday night, authorities said.
U.S. Ambassador to Israel Mike Huckabee's announcement comes days after confusion about whether the U.S. government would be assisting American citizens evacuating from Israel.
Many are rejecting the idea, citing environmental concerns — including Executive Director of Friends of the Everglades, Eve Samples.
A few rain showers will push through Miami-Dade county starting around noon and lasting through early afternoon on Saturday.
The Florida Panthers' Stanley Cup championship festivities have included an all-night celebration at a popular beach bar; crowd surfing, pole climbing and impromptu karaoke at a Miami nightclub; a Brad Marchand appearance at Dairy Queen; a few team dinners and a boat ride.
A 16-year-old boy is dead and five people were hospitalized after a fiery crash involving multiple vehicles in Pompano Beach on Friday night, authorities said.
CBS News Miami's Lauren Pastrana is exploring what her own future and that of her loved ones might look like.
Many are rejecting the idea, citing environmental concerns — including Executive Director of Friends of the Everglades, Eve Samples.
A few rain showers will push through Miami-Dade county starting around noon and lasting through early afternoon on Saturday.
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.
The American Automobile Association said this is a dangerous time of year for young drivers.
President Trump said his intelligence director was "wrong" when she testified Iran wasn't building a nuclear weapon.
President Trump appeared to mark Juneteenth — a day he has commemorated in the past — by arguing businesses are closed for "too many non-working holidays."
A judge said the Trump administration cannot tie federal transportation funding to cooperation with immigration authorities.
Some high-profile Democrats have been detained or prosecuted, in what one lawmaker called "strong-arm tactics" intended to "silence and intimidate people."
President Trump has been briefed on both the risks and the benefits of bombing Fordo, Iran's most secure nuclear site.
Eliott speaks Willy Chirino, the iconic Latin Grammy-winning Cuban salsa singer about the important of Father's Day
Eliott speaks with Paul Wilson, an executive mentor with the 5000 Role Models of Excellence, on what Father's Day means to him.
Cordero-Stutz is the county's first sheriff in nearly 60 years.
Jim goes one-on-one with Jared Moskowitz on a variety of topics, with a focus on the congressman's belief that cuts made to FEMA will hinder its ability to be ready to respond what hurricane season might bring.
Jim talks to Sui Chung, the executive director of Americans for Immigrant Justice.
The CDC's new "checklist" comes amid a deadly year of measles outbreaks that is now near record levels.
HHS Secretary Robert F. Kennedy Jr. fired the previous roster of the CDC's vaccine advisers on Monday.
The Health and Human Services secretary said he is "retiring" all 17 members of the Advisory Committee for Immunization Practices, which helps set recommendations for vaccines.
Nearly 4 million BowFlex adjustable dumbbells are being recalled because the plates can dislodge and cause injury.
In vitro fertilization (IVF) brings hope to families but at a cost many cannot afford.
These gifts from Stanley, Apple, AllTrails and more won't bust your budget.
From top-rated smart mugs to cold brew starter kits, we've rounded up the coffee lover presents to gift this Christmas.
Just in time for the holiday season, Nintendo has released Nintendo Switch bundles and special editions.
For that authentic grilling experience, you can't beat a charcoal grill. We've rounded up the best grill options.
Discover the best tech gifts during the 2024 holiday season that your friends and loved ones will absolutely adore.
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.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
Discount store chain Target says it's joining rival Walmart and a number of other prominent American brands in scaling back corporate diversity, equity and inclusion initiatives.
Miami-Dade is considering four possible sites, including two that are 2 miles or less from the city of Miramar.
Anne Burrell, an acclaimed chef from upstate New York, hosted "Secrets of a Restaurant Chef," "Worst Cooks in America" and other popular Food Network shows.
Prison staff gave R. Kelly "an amount of medicine that could have killed him," his lawyer alleged in a federal court filing.
The Cuban-born entertainer broke conventions when he co-starred with wife Lucille Ball in "I Love Lucy," playing a straight-man sitcom dad. Now, a new biography reveals his lesser-known contributions to television.
Pop superstar Taylor Swift and boyfriend Travis Kelce were at Amerant Bank Arena to watch Game 4 of the Stanley Cup Final.
Harvey Weinstein's retrial in New York took another dramatic turn when the judge declared a mistrial on the last undecided charge.