New student loan repayment plan could cut monthly payments for 20 million
Monthly loan payments may drop, based on a borrower's income.
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Monthly loan payments may drop, based on a borrower's income.
Only one-third of borrowers are aware that loan repayments will restart in October, a new survey found.
Now that the Supreme Court has ruled against the Biden administration's plan to cancel student loans, millions of borrowers have a lot of questions. We hear from CBS News Business Analyst Jill Schlesinger for her answers.
In a separate ruling, the justices dealt what's being called a major setback for LGBTQ+ rights.
CBS News Business Analyst Jill Schlesinger answers your biggest questions after the Supreme Court ruling on Biden's student loan forgiveness plan.
"We'll use every tool at our disposal to get you the student debt relief you need to reach your dreams," President Biden said.
About 40 million Americans are no longer eligible for debt relief after the Supreme Court threw out President Biden's student loan forgiveness plan.
The Supreme Court struck down President Biden's student loan forgiveness plan, denying relief to 40 million Americans who stood to benefit from the program.
Will affirmative action become a thing of the past? CBS2 spoke to local experts about both cases on Wednesday.
President Joe Biden has vowed to veto any legislative effort to thwart his student loan relief program.
The court will consider whether President Biden has the authority to wipe away billions of dollars in loan debt for millions of Americans.
This case was brought by two borrowers in Texas who have outstanding student loans.
In their appeal, attorneys for several Republican-led states said the plan will irreparably harm their states' student loan programs.
President Biden announces new college-debt forgiveness site, calling it a "game changer for millions of Americans."
The governor says she is signing a bill to include in the initiative teachers and faculty who work 30 hours a week.
More than 40 million Americans may qualify, with income the main factor that determines who qualifies for relief.
