Collection for defaulted student loans resumes, impacting millions
TransUnion, one of the three major credit bureaus, found that one in five student loan borrowers is at risk of defaulting.
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TransUnion, one of the three major credit bureaus, found that one in five student loan borrowers is at risk of defaulting.
About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.
More than $345 million in debt will be forgiven for about 18,000 Pennsylvanians who attended The Art Institutes.
Glitches in this year's Free Application for Federal Student Aid, or FAFSA, have millions of students waiting to hear how much college will cost. FAFSA completions are down significantly this year as well, experts say.
This round of Biden's student loan forgiveness proposals targets the interest that adds up over time on student loans.
The new FAFSA is meant to make it easier to apply for federal student aid, but the program's launch has been riddled with technical difficulties.
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.
As student loan repayments restart in October, the Biden administration said 125,000 people with student loans will have their debt erased.
Americans with student loan debt need to begin repaying their loans again after a hiatus of more than three years.
About 44 million Americans with student debt must start repaying their student loans, a change that could impose a financial strain on many households after a three-and-a-half-year hiatus.
Late last week, interest began accruing again for federal student loans after it was stopped in March 2020 to help people during the COVID-19 pandemic.
After a three-year hiatus, interest on student loans begins piling up again on Friday, with payments due in October.
Some borrowers who had enrolled in income-driven repayment plans will start getting their debt discharged this week.
Many graduates aren't earning enough to even pay down their interest, causing loans to snowball.
Unlike Biden's blocked one-time forgiveness program, the new repayment plan will provide benefits for both current and future borrowers who sign up for it.
Eligible borrowers can now enroll in a new income-driven repayment plan that could lower their monthly bills and reduce the amount they pay back over the lifetime of their loans.
Nearly 30,000 Pennsylvanians have been approved for more than $1.3 billion under Biden's IDR forgiveness plan.
Loan payments are set to resume later this year after a pandemic pause. Friday's ruling comes as a blow to millions of borrowers who were hoping for help as everything costs more these days. Joe Holden spoke to some of the worried borrowers.
Biden addressed the nation after the Supreme Court struck down his student loan relief program in a 6-3 decision that upended a key campaign promise. READ MORE: https://cbsloc.al/434FNNa
"We'll use every tool at our disposal to get you the student debt relief you need to reach your dreams," President Biden said.
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.
A three-year pause on student loan payments will end this summer regardless of how the Supreme Court rules on the White House plan to forgive billions of dollars in student loan debt.
The debt ceiling deal includes a provision to end the pandemic-related federal student loan payment pause
The debt ceiling deal includes a provision to end the pandemic-related federal student loan payment pause
The building that houses WMMR was damaged in Thursday's severe weather.
The severe weather threat in the Philadelphia region is over, but the storms knocked out power for thousands in the Delaware Valley on Thursday night.
Volunteers reenacted the moment freedom finally reached Texas in the aftermath of the Civil War at the Chester County Historical Society for a Juneteenth celebration.
Kyle Schwarber hit a tiebreaking solo home run in the eighth, Christopher Sánchez pitched eight sharp innings and the Philadelphia Phillies beat the Miami Marlins 2-1 on Thursday night.
Prevention Point Philadelphia, a nonprofit, has been on the front lines of harm reduction for more than 30 years.
Police say one person was shot at the Oxford Valley Mall in Langhorne, Pennsylvania, on Thursday.
The building that houses WMMR was damaged in Thursday's severe weather.
The severe weather threat in the Philadelphia region is over, but the storms knocked out power for thousands in the Delaware Valley on Thursday night.
Volunteers reenacted the moment freedom finally reached Texas in the aftermath of the Civil War at the Chester County Historical Society for a Juneteenth celebration.
Two people were injured in Philadelphia due to fallen trees as severe storms hit the region on Thursday.
The severe weather threat in the Philadelphia region is over, but the storms knocked out power for thousands in the Delaware Valley on Thursday night.
Prevention Point Philadelphia, a nonprofit, has been on the front lines of harm reduction for more than 30 years.
Two people were injured in Philadelphia due to fallen trees as severe storms hit the region on Thursday.
Police say one person was shot at the Oxford Valley Mall in Langhorne, Pennsylvania, on Thursday.
A tractor-trailer went off the bridge on the Route 30 bypass near Old Mill Road in Sadsbury Township Thursday afternoon.
The severe weather threat in the Philadelphia region is over, but the storms knocked out power for thousands in the Delaware Valley on Thursday night.
The Barefoot Country Music Fest in Wildwood, New Jersey, was paused Thursday evening because of lightning but has reopened.
Deptford, New Jersey, residents were ordered to shelter-in-place as a precaution due to a chlorine leak at the municipal utility.
Edan Alexander, an American taken hostage during the Oct. 7, 2023, Hamas attack on Israel, has finally returned to his hometown.
Edan Alexander, a U.S.-Israeli hostage who was released from captivity by Hamas last month, will return to his hometown of Tenafly, New Jersey on Thursday.
The severe weather threat in the Philadelphia region is over, but the storms knocked out power for thousands in the Delaware Valley on Thursday night.
Twenty-five years ago, Alex Scott, the namesake of Alex's Lemonade Stand Foundation, held her first lemonade stand.
Steady rain will taper off Sunday morning, but the chance for on-and-off spotty showers continues around the Delaware Valley for Father's Day.
Delaware State Police say a train derailment is impacting travel near Old Porter Road in Bear, New Castle County.
For this Delaware developer, a plan to build affordable homes in Wilmington is deeply personal.
Prevention Point Philadelphia, a nonprofit, has been on the front lines of harm reduction for more than 30 years.
ALSF's Crazy 8 Initiative is funding a research project examining newborn screening for a genetic predisposition to cancer.
For the Hope Afloat dragon boat racing team in Philadelphia, overcoming breast cancer is a team sport.
A 29-year-old man from Switzerland is back in Philadelphia at Penn Medicine months after having a life-changing double-hand transplant.
While gun violence is down in Philadelphia, advocates say there are still too many children being caught in the crossfire.
Wildwood businesses hope a major festival and warmer weather can turn things around after a few rainy weekends.
Former World Cafe Live employees say the venue is mismanaged and their paychecks were late. The CEO says it all stems from miscommunication.
People are trying to stay cool in today's humidity, and businesses are preparing for what's to come as we track dangerous heat this week.
The FIFA Club World Cup is bringing a little more than soccer to the city. It's bringing a boom in business.
Amazon says it will spend $20 billion on two data center complexes in Pennsylvania, including one it is building alongside a nuclear power plant that has drawn federal scrutiny.
A tractor-trailer went off the bridge on the Route 30 bypass near Old Mill Road in Sadsbury Township Thursday afternoon.
After an initial rollout to some extremely interested drivers, PA's "Let Freedom Ring" license plates are available to order en masse.
SEPTA's Chestnut Hill East Line will close from June 15 to Sept. 2 while bridges on the line are repaired.
New Jersey Transit's train engineers have overwhelmingly approved the tentative deal that ended their three-day strike last month.
In Philadelphia's Strawberry Mansion neighborhood, half the residents don't own cars. For them, public transportation is essential, not a choice.
Kyle Schwarber hit a tiebreaking solo home run in the eighth, Christopher Sánchez pitched eight sharp innings and the Philadelphia Phillies beat the Miami Marlins 2-1 on Thursday night.
The Philadelphia Phillies have moved right-hander Aaron Nola to the 60-day injured list.
The FIFA Club World Cup brought world-class soccer to Lincoln Financial Field, along with thousands of fans, a protester and some smoke bombs.
Bryson Stott hit a three-run homer, Ranger Suárez pitched seven effective innings and the Philadelphia Phillies beat the Miami Marlins 4-2.
Nick Castellanos returned to the Phillies lineup for their game against the Marlins on Wednesday after being benched the day before for "an inappropriate comment."
Wildwood businesses hope a major festival and warmer weather can turn things around after a few rainy weekends.
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.
Philadelphians likely did a double-take for two reasons – former President Joe Biden was seen casually strolling in Rittenhouse Square as the hit TV series "Reacher" filmed nearby.
Philadelphia Phillies shortstop Trea Turner already won an NL batting title and a World Series championship ring in his 11-year MLB career.
Pop superstar Taylor Swift and boyfriend Travis Kelce were at Amerant Bank Arena to watch Game 4 of the Stanley Cup Final.
Ukee Washington reports.
Natasha Brown reports.
Natasha Brown reports.
Natasha Brown reports.
Ukee Washington reports.
Middle school students in Philadelphia got the opportunity to do hands-on learning during the school district's five-day career and technical camp.
With her Girl Talk mentoring program, one Philadelphia teen turned her camp days into a safe space to discuss social issues young girls face every day.
Recent high school graduate Sylvain Farrell says his temporary position at a local clinic is the pathway to a full-time career.
A Philadelphia student won an award from NFL Films for his documentary on bringing back sports teams at his Kensington school.
A group of East Norriton eighth graders took what started as an Earth Day project and made a whole initiative.
Bill Kelly has the latest NEXT Weather forecast for the Philadelphia region before we begin a heat wave.
The Barefoot Country Music Fest in Wildwood, New Jersey, was paused Thursday evening because of lightning, but people made the most of the event.
Several trees were knocked down in the Philadelphia region on Thursday night as strong storms rocked the Delaware Valley.
One person was injured after being shot at the Oxford Valley Mall in Langhorne, Pennsylvania, Thursday, police said. Police are searching for the shooter.
After severe storms rocked the Philadelphia region, Bill Kelly says the severe threat is over. Here's the latest NEXT Weather forecast for Thursday night and the weekend.