Student loan borrowers in default could see wages garnished in 2026
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.
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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.
Earlier this summer the federal government capped student loan borrowing for the first time ever limiting how much students and parents can borrow each year and over a lifetime. Supporters say it reins in federal lending but critics warn it could hurt college access and push students toward risky private loans. Higher Education Reporter with Chalkbeat, Jason Gonzales, explains what this means for current and future students.
TransUnion, one of the three major credit bureaus, found that one in five student loan borrowers is at risk of defaulting.
Thousands of New York City public workers still paying student loans will have their debt forgiven, Mayor Eric Adams announced Monday.
Trump administration effort to wind down the Education Department could lead to frustration for millions of student loan borrowers, experts say.
Two of the most vital programs that the Department of Education has overseen for decades – student loans and special needs services – now have new homes within the Trump administration. CBS News New York's education reporter Doug Williams breaks down the potential impact.
Becky Pringle, President of the National Education Association joins CBS New York to discuss what dismantling the DOE would mean for schools and students.
About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.
It's the 2024 college acceptance season, which means families are grappling with an important question about how to pay for tuition. CBS News Business Analyst Jill Schlesinger explains what to know.
The White House is turning to other methods to erase student debt after the Supreme Court blocked its broader effort to forgive loans.
This round of Biden's student loan forgiveness proposals targets the interest that adds up over time on student loans.
The Free Application for Federal Student Aid was revamped last year, but it wasn't made widely available until January, three months later than usual.
About 78,000 people will receive an email from President Joe Biden telling them that their loans are canceled. Here's what to know.
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.
The rollout has been bumpy but CBS News Business Analyst Jill Schlesinger helps guide us through the process.
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.
The plan would benefit those who don't qualify for loan forgiveness under the current temporary program.
Officials will meet to discuss finalized plans for the program Monday, but experts say many people may not even know they qualify for it. CBS New York's Zinnia Maldonado asks the experts.
Student loan borrowers facing problems with their servicer shouldn't have to repay their debt until the issues are resolved, 19 state attorneys general say.
As student loan repayments restart in October, the Biden administration said 125,000 people with student loans will have their debt erased.
CBS New York's Elijah Westbrook speaks with an expert to break down what borrowers need to know.
After more than three years of COVID-related reprieve, federal student loan borrowers need to resume payments starting Oct. 1. CBS News Business Analyst Jill Schlesinger tells us how to prepare.
The bill is coming due for students who took out loans to finance their education. Now, many borrowers need to rework their budgets to make their payments.
The bill is coming due for students who took out loans to finance their education. Now, many borrowers need to rework their budgets to make their payments.
Biden administration officials say the new federal program could cut monthly loan payments for 20 million people.
Just a day after a judge banned most arrests outside Manhattan immigration courts, a man was taken into custody by ICE agents.
New York beat the Cleveland Cavaliers 115-104 in overtime on Tuesday night in Game 1 of the Eastern Conference finals.
The New York Yankees held off the Toronto Blue Jays 5-4 on a 90-degree night Tuesday in the Bronx.
The Washington Nationals rallied from an early five-run deficit Tuesday night to defeat the New York Mets 9-6.
Federal agents can no longer make arrests without exceptional circumstances in and around three Manhattan buildings where immigration proceedings occur, a judge ruled.
Just a day after a judge banned most arrests outside Manhattan immigration courts, a man was taken into custody by ICE agents.
Federal agents can no longer make arrests without exceptional circumstances in and around three Manhattan buildings where immigration proceedings occur, a judge ruled.
A New York state lawmaker is trying to nullify a NYC law that requires security gates on storefronts to be mostly transparent.
Fire deaths in New York City are up more than 60% compared to this time last year, data shows.
A teen swimmer went missing in the Rockaways on Tuesday afternoon.
New York City and New Jersey are under a heat advisory and air quality alert as the hazy and humid weather settles in across the Tri-State Area.
The weekend is set to be the warmest of the year so far with summer-like weather across the Tri-State Area.
Keep an umbrella nearby as there's a chance for showers across the New York and New Jersey area. But the weather will turn to sunshine and warm temperatures for the weekend.
The weather on Wednesday will be a mix of sunshine and clouds with the potential for a shower in New York City. In the evening, rain becomes more widespread.
An unsettled pattern continues through the entire Mother's Day weekend in the New York City area.
A 1.8-magnitude earthquake shook near Gladstone, New Jersey, Tuesday afternoon.
New York City and New Jersey are under a heat advisory and air quality alert as the hazy and humid weather settles in across the Tri-State Area.
A jury found Paul Caneiro guilty in February of murdering his brother, sister-in-law, niece and nephew before setting their New Jersey mansion on fire in 2018.
New Jersey wants to help bars and restaurants cash in on the FIFA World Cup by letting them sell more alcohol during the 39-day tournament.
Research conducted by one of New Jersey's largest credit unions found a trip down the Jersey Shore is going to cost 11% more this year on average.
New York City and New Jersey are under a heat advisory and air quality alert as the hazy and humid weather settles in across the Tri-State Area.
The Long Island Rail Road is now back up and running after the MTA and unions reached a tentative deal to end the strike.
New York Gov. Kathy Hochul said the MTA and LIRR unions reached "a fair deal" to end the strike after three days.
If history is any indication, the LIRR strike has potential to derail Democratic Gov. Kathy Hochul's bid for reelection.
LIRR commuters are taking shuttle buses and subways into New York City as the largest commuter rail system in North America remains shut down.
Federal agents can no longer make arrests without exceptional circumstances in and around three Manhattan buildings where immigration proceedings occur, a judge ruled.
A New York state lawmaker is trying to nullify a NYC law that requires security gates on storefronts to be mostly transparent.
New York City has extended nearly 100,000 3-K and Pre-K offers for the upcoming school year, New York City Mayor Zohran Mamdani and Gov. Kathy Hochul announced Tuesday.
The Long Island Rail Road is now back up and running after the MTA and unions reached a tentative deal to end the strike.
If history is any indication, the LIRR strike has potential to derail Democratic Gov. Kathy Hochul's bid for reelection.
Thousands of people showed up bright and early for AIDS Walk New York 2026, the largest HIV and AIDS fundraiser in the U.S., in Central Park on Sunday.
A New York doctor who contracted and survived Ebola more than a decade ago says he is worried for healthcare workers who are at the center of treating the latest outbreak.
New York Gov. Kathy Hochul proposed millions to keep the program open, but the reforms would cut reimbursement rates for private duty nurses.
A New York native is among 16 American passengers who are quarantining in Nebraska after being on the cruise ship that is at the center of the deadly hantavirus outbreak.
American passengers on the MV Hondius cruise ship, which was hit with a deadly outbreak of the hantavirus, are back in the U.S. Three of the at least 10 people confirmed infected in the outbreak have died.
The well-known film critic and journalist Rex Reed has died at 87.
"The Pitt" star Isa Briones is bringing heightened pride and Filipino presence to both stage and screen.
Broadway's "The Book of Mormon" has canceled two weeks of performances following a fire at the Eugene O'Neill Theatre.
Uzo Aduba and Darren Criss announced the 2026 Tony nominees for select categories on "CBS Mornings" on Tuesday.
Rihanna, Sabrina Carpenter, Madonna, and Beyoncé all wore their best looks to celebrate the "Costume Art" theme at the 2026 Met Gala. Here are some of the best moments, photos, and more from the night.
New York beat the Cleveland Cavaliers 115-104 in overtime on Tuesday night in Game 1 of the Eastern Conference finals.
The New York Yankees held off the Toronto Blue Jays 5-4 on a 90-degree night Tuesday in the Bronx.
The Washington Nationals rallied from an early five-run deficit Tuesday night to defeat the New York Mets 9-6.
The New York Yankees survived another shaky performance by David Bednar to beat the Toronto Blue Jays 7-6 Monday night at Yankee Stadium.
The Mets became the first National League team to score at least 10 runs in an extra inning since the 1919 Cincinnati Reds.
Ahead of the 2026 RBC Brooklyn Half Marathon, some athletes are showing how simply reaching the starting line is a victory.
The Second Avenue Subway project has entered phase two of extending the "Q" line, but Harlem businesses say they're struggling to co-exist with the construction.
City Council members say requirement for transparent roll-down gates is burdensome for small businesses ahead of the July 1 enforcement deadline.
For more than four decades, residents living beside Brooklyn's District 13 Sanitation Garage in Coney Island have been waiting for the facility to move away from their homes.
There's a swim club in Harlem teaching kids a lifesaving skill, and they're turning timid swimmers into competitors.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The annual Easter Parade and Easter Bonnet Festival was held in Manhattan on April 20, 2025.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
CBS News New York's Lonnie Quinn has your First Alert Forecast for May 19 at 11 p.m.
Some Knicks fans are feeling superstitious because of the recent LIRR strike. The last time LIRR workers walked off the job was in 1994, and that same year, the Knicks won the Eastern Conference finals.
LIRR service was fully restored Tuesday night. CBS News New York's Adi Guajardo breaks down the deal that brought the three-day strike to an end.
Just a day after a judge banned most arrests outside Manhattan immigration courts, a man was taken into custody by ICE agents. CBS News New York's Allen Devlin reports.
The NYPD Harbor Unit will resume its search for a missing teenage swimmer in the Rockaways on Wednesday morning. CBS News New York's Naveen Dhaliwal reports.
