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.
Watch CBS News
Defaults on student loans have surged across the United States, reaching record levels as borrowers struggle to keep up with payments.
Loan revamp affects how much students and families can borrow to pay for college, as well as their repayment options.
An anonymous donor is helping cover student loan debts for nurses at Paoli and Lankenau hospitals in Pennsylvania.
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.
Massive delays and uncertainty about where certain payment plans stand are causing anxiety for some student loan borrowers.
With the Department of Education this month resuming collections on student loans, millions of Americans are at risk of having their wages garnished.
TransUnion, one of the three major credit bureaus, found that one in five student loan borrowers is at risk of defaulting.
The U.S. Department of Education says that starting May 5, it'll begin collecting payments for student loans that are in default.
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.
As the president continues his push to close the Department of Education, many are wondering what comes next for financial aid and student loans.
Starting next year, CMU's "Pathway Program" will offer new and returning undergraduates free tuition or tuition without federal student loans.
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.
More than $345 million in debt will be forgiven for about 18,000 Pennsylvanians who attended The Art Institutes.
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.
Earlier this week, the Biden administration announced $1.2 billion in forgiveness for 153,000 borrowers.
Receiving financial aid can be the difference in whether some attend college or not, making the application process critical.
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.
The alleged ringleader of a cocaine trafficking ring involving two Penn State fraternities surrendered on Tuesday morning.
Two people are in critical condition after they were shot inside a business in Homewood on Tuesday, Pittsburgh Public Safety said.
You can say goodbye to the rainy pattern that August has been mired in and say hello to mild weather that will be in place over the next ten days.
At least two explosions occurred at an industrial building that was on fire early Tuesday in Toledo, Ohio.
Police said it appears the shooting happened inside a home on Keefer Drive early Tuesday morning.
Two people are in critical condition after they were shot inside a business in Homewood on Tuesday, Pittsburgh Public Safety said.
The alleged ringleader of a cocaine trafficking ring involving two Penn State fraternities surrendered on Tuesday morning.
Court records detail the expansive cocaine trafficking ring that snarled two Penn State University fraternities and led to charges against 14 people.
You can say goodbye to the rainy pattern that August has been mired in and say hello to mild weather that will be in place over the next ten days.
The shooting happened inside a home along Keefer Drive.
On Tuesday, Pennsylvania took a major step in the fight against the negative impacts of social media, particularly on children.
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.
The Senate Homeland Security Committee voted to hold Dr. Anthony Fauci in contempt of Congress over his refusal to answer questions during testimony before the committee last week.
Part of the state budget calls for $20 million to go to main street development in communities.
On Saturday, Saudi Crown Prince Mohammed bin Salman spoke with Mr. Trump and cautioned him against conducting a fresh round of strikes on Iran, CBS News learned.
The store is expected to open sometime next year.
Buffalo Township police are warning about scammers after investigating several cases where residents have fallen victim.
On Tuesday, Pennsylvania took a major step in the fight against the negative impacts of social media, particularly on children.
While the importance of the family support system is timeless, a new study found it creates financial stressors for all involved.
The store will be located at the North Hills Village shopping center along McKnight Road.
Daniel Hill with House Call Personal Training shows how a quick 4-minute workout a day can help improve strength, balance and physical function in adults 65+.
Daisy gets a tour around the new reimagined Cranberry Giant Eagle.
Daisy and Heather guess the value of vintage housework items.
The First Annual Judgment of Zelienople is a blind wine tasting event hosted by Papa Joe's Wine Cellar in Zelienople.
We head to the Heinz History Center, where one of the coolest exhibits in town is bringing the history of the Ice Age to life.
The Bob O'Connor Golf Course has been run by a nonprofit with a charitable mission, but the course has been losing money.
KDKA Investigates has received several concerns about the integrity of the bridge, leading to an eight-month investigation into how safe the bridge is.
Going to college was once considered a very safe investment, but with tuition soaring, is it still worth the price tag?
The Pennsylvania Department of Environmental Protection and the Sherwin-Williams Manufacturing Company entered into a consent order and agreement.
A community in Butler County said repeated boil water advisories have them uneasy about their water quality.
Several waterways across Pennsylvania tested high for E. coli, environmental groups said.
The Pennsylvania measles outbreak isn't slowing down, and one local doctor said Pittsburgh is not immune.
The countdown to the first day of school is on, and now is the time to start making some adjustments.
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.
Doctors are finding they are faced with questions about health advice from social media, but they caution that you can't always trust what you find.
Kevin McGonigle hit a two-run homer, and the Detroit Tigers held off the Pittsburgh Pirates 8-5 on Monday night and moved into a three-way tie for the final AL wild-card spot.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
Bryan Reynolds, Brandon Lowe, and Nick Yorke each had two RBIs to lift the Pittsburgh Pirates over the Boston Red Sox 8-3 after a 2 1/2-hour rain delay.
Mark Kulbis is also facing misdemeanor counts of involuntary manslaughter and reckless endangerment in the death of Calvin "CJ" Dickey Jr.
One of Tommy John's biggest legacies to MLB was his comeback elbow reconstruction surgery that now bears his name.
Some Bloomfield business owners paint a nuanced picture of how the annual Little Italy Days festival impacts them, saying that while they don't dislike the festival, they do make less money than they normally would.
The store is expected to open sometime next year.
On Tuesday, Pennsylvania took a major step in the fight against the negative impacts of social media, particularly on children.
Part of the state budget calls for $20 million to go to main street development in communities.
Amtrak is adding a second trip from Pittsburgh to New York later this year, officials said during a public board meeting.
The Jonas Brothers are returning to Pittsburgh later this year.
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.
The tour will be coming to Acrisure Stadium on May 8, 2027.
The popular vocal quintet Pentatonix is returning to Pittsburgh this holiday season.
Joe Manganiello says even when he spent 25 years living in Los Angeles, he always considered Pittsburgh home.
Daniel Hill with House Call Personal Training shows how a quick 4-minute workout a day can help improve strength, balance and physical function in adults 65+.
Daisy gets a tour around the new reimagined Cranberry Giant Eagle.
Daisy and Heather guess the value of vintage housework items.
The First Annual Judgment of Zelienople is a blind wine tasting event hosted by Papa Joe's Wine Cellar in Zelienople.
We head to the Heinz History Center, where one of the coolest exhibits in town is bringing the history of the Ice Age to life.
Mike Tomlin stepped down as head coach of the Pittsburgh Steelers after 19 seasons with the team.
Pitt's regular season has ended with an 8-4 record.
Pitt's five-game winning streak came to an end with a 37-15 loss to Notre Dame.
Mason Heintschel set a new Pitt freshman single-game passing record in the Pitt win at Acrisure Stadium.
The 44th annual KDKA-TV Turkey Fund will help our neighbors in need have a nice meal for Thanksgiving.