Biden administration forgives another $1.2 billion in student loans
About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.
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About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.
Total student loan debt in the U.S. is now nearly $1.8 trillion, and experts say young people are delaying buying homes and starting families because of it. So, what could the lives of students look like when they graduate debt-free?
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.
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.
As student loan repayments restart in October, the Biden administration said 125,000 people with student loans will have their debt erased.
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.
Federal student loan payments are picking back up in October after more than a 3 year suspension during the pandemic.
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.
Even though President Joe Biden's student loan forgiveness program was blocked by the Supreme Court earlier this year, his administration is moving forward with more targeted student debt cancellations allowed under existing programs.
After a three-year hiatus, interest on student loans begins piling up again on Friday, with payments due in October.
If you have federal student loans, repayments start up again on October 1 after a years-long pause due to the pandemic.
Some borrowers who had enrolled in income-driven repayment plans will start getting their debt discharged this week.
Only one-third of borrowers are aware that loan repayments will restart in October, a new survey found.
Many graduates aren't earning enough to even pay down their interest, causing loans to snowball.
The new income-driven repayment plan could cut borrowers' monthly payments in half, while some could see their monthly payments go down to $0.
"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 is about to hear arguments over President Joe Biden's student debt relief plan, which impacts millions of borrowers who could see their loans wiped away or reduced.
The Supreme Court is about to hear arguments over President Joe Biden's student debt relief plan, which impacts millions of borrowers who could see their loans wiped away or reduced.
Painfully high inflation is putting even more pressure on Americans struggling to repay their college loans.
Some education experts see the plan as a more powerful tool to make college affordable than the proposal to slash or eliminate student debt for 40 million Americans, which is before the Supreme Court.
A teenager has been arrested after an investigation into threats made toward a staff member at a Placer County school earlier this week, deputies said Thursday.
Former President Donald Trump announced Thursday that he won't debate Vice President Kamala Harris again, saying, "THERE WILL BE NO THIRD DEBATE!"
A Southern California man arrested on suspicion of starting the massive Line Fire, which sent people fleeing from their homes as more than 37,000 acres burned, is now facing nine charges, according to prosecutors.
Smash-and-grab retail thefts that result in major damage to businesses will bring longer sentences in California after Gov. Gavin Newsom signed bill into law Thursday.
The Pac-12 Conference announced Thursday that Boise State, Colorado State, Fresno State and San Diego State will become new members as the conference rebuilds.
Smash-and-grab retail thefts that result in major damage to businesses will bring longer sentences in California after Gov. Gavin Newsom signed bill into law Thursday.
A crowded beach is nothing new to Lake Tahoe on a summer weekend, but a bear joining you for your swim might be a little out of the ordinary.
With grit and grace, two Yolo County teams hit the field in Woodland, both helping forge a future for one of California's most up-and-coming high school sports: girls' flag football.
A proposal to tackle homelessness in San Joaquin County would create penalties for illegal camping on public property that include fines, jail time, or both.
A teenager has been arrested after an investigation into threats made toward a staff member at a Placer County school earlier this week, deputies said Thursday.
Sacramento public works officials say it was so badly built that it needs to be torn down.
Sacramento State held a watch party for the first presidential debate between Vice President Kamala Harris and former President Donald Trump.
More than a year after a woman was found dead in the garage of a Sacramento hospital, a coroner has determined that she died due to heart disease.
Now, just months after the trail opened, its multi-million dollar bridge is still blocked off, broken beyond repair.
A TikTok recently went viral calling out the City of Sacramento for replacing damaged streetlamps with orange traffic cones.
Smash-and-grab retail thefts that result in major damage to businesses will bring longer sentences in California after Gov. Gavin Newsom signed bill into law Thursday.
Firefighters were making some progress Monday morning as they battled the Boyles Fire in Lake County that burned upwards of 30 structures in the town of Clearlake.
California Gov. Gavin Newsom vetoed a bill Friday that would have made some immigrants in the country illegally eligible for home loans backed by the state.
California Health and Human Services Secretary Dr. Mark Ghaly, who has led the agency since March 2019 and through the COVID-19 pandemic, is departing from his role at the end of the month.
A CBS News California investigation found roughly half of California voters will have someone new to the job running their presidential election this year.
The Pac-12 Conference announced Thursday that Boise State, Colorado State, Fresno State and San Diego State will become new members as the conference rebuilds.
With grit and grace, two Yolo County teams hit the field in Woodland, both helping forge a future for one of California's most up-and-coming high school sports: girls' flag football.
Kyle McCann hit a two-run homer, Brent Rooker had two hits and two RBIs and the Oakland Athletics beat the Houston Astros 5-4 on Wednesday night.
Mike Yastrzemski homered and drove in four runs, Blake Snell struck out eight in five innings, and the San Francisco Giants beat the Milwaukee Brewers 13-2.
All-Pro running back Christian McCaffrey heads into the week of practice preparing to play for the San Francisco 49ers even if the sore calf and Achilles tendon that held him out of the opener is still an issue.
Former President Donald Trump announced Thursday that he won't debate Vice President Kamala Harris again, saying, "THERE WILL BE NO THIRD DEBATE!"
Smash-and-grab retail thefts that result in major damage to businesses will bring longer sentences in California after Gov. Gavin Newsom signed bill into law Thursday.
State and local election officials warned that ongoing issues could risk disenfranchising voters.
Tuesday's debate came after weeks of back and forth over whether the matchup would occur at all. Another debate isn't guaranteed.
United Flight 93 crashed in a Pennsylvania field when forty passengers and crew members fought back against hijackers on September 11, 2001.
Governor Gavin Newsom on Friday introduced new emergency regulations that will restrict the sale of intoxicating hemp products that are being sold outside of dispensaries with no age restrictions due to loopholes in California law.
A nationwide listeria outbreak blamed for nine deaths is turning into a potential legal nightmare for food maker Boar's Head.
UC Davis Health is on a mission to help victims of violent crime in new ways.
Nearly two decades later, there is a hurt that still haunts one Stockton veteran who is a Purple Heart recipient. He says mental health needs to be prioritized for everyone.
Food dyes in popular snacks have been linked to adverse health outcomes in kids, says state legislature.
College classes are now back in session, and CBS13 and the Call Kurtis consumer investigative team have been on the lookout for discounts for college students that they may not even realize they can receive.
Places like Big Lots and 99 Cent Only stores have been closing across the region, but there's one type of retailer that's making a resurgence.
When you've got to go, you've got to go. But it's sometimes tough to find a restroom available to the public. Kurtis Ming is getting answers on your rights to access.
South Natomas community members got their first look at plans to build a new Topgolf attraction in the neighborhood.
A Stockton gas station owner took it upon himself to keep prices low. At Ernie's General Store, the cash price for a gallon of gas is $3.99.
A CBS News California investigation found roughly half of California voters will have someone new to the job running their presidential election this year.
California lawmakers are trying again to give public school teachers paid family leave. Critics worry it could come at the actual expense of students.
Lawmakers quietly amended a bill prompted by a decade-long CBS investigation into California's Newborn Genetic Biobank. They removed the part that requires the state to reveal who is using our DNA for research and why.
The doctor who was released from jail after driving his family off a cliff is being called the "poster child" for and against a California law that allows attempted murder defendants to get at-home mental health treatment instead of standing trial for alleged crimes.
It was an emotional day in court for many who lived through the shootout and Abril's later escape.
Have you been noticing lower prices at the gas pump lately?
College classes are now back in session, and CBS13 and the Call Kurtis consumer investigative team have been on the lookout for discounts for college students that they may not even realize they can receive.
When you've got to go, you've got to go. But it's sometimes tough to find a restroom available to the public. Kurtis Ming is getting answers on your rights to access.
A Sacramento man said his bank added a zero to a check he wrote. When it put his account in the red, it was time to call Kurtis.
The hook? Signing up for Chevron's loyalty program.
El Dorado and Placer County communities continue to recover two years after the Mosquito Fire burned more than 76,000 acres.
Several areas were repopulated in Sierra County days after a wildfire erupted in Northern California's Tahoe National Forest.
The man accused of igniting the Park Fire, which has grown to be California's fourth-largest wildfire ever, has pleaded not guilty to a charge of arson, prosecutors said Thursday.
A flash flood warning will be in effect this weekend for the Park Fire burn scar area as wet weather is expected to roll through Northern California.
A wildfire in the hills near the Solano County community of Green Valley prompted evacuation warnings and orders on Wednesday.
Kids and teens in Stockton are flocking to a program that's offering them the opportunity of a lifetime.
More than one hundred customers came out to celebrate the grand reopening of a restaurant that's been around for seven decades.
Pursuing higher education can be challenging for any college-bound student and for former foster youth, doing it alone can seem impossible.
A celebration at Sacramento Charter High on Thursday as college-bound seniors announced their campus of choice and 95% were accepted into four-year schools.
A bank employee in Lodi has some big bragging rights. He's never missed a day of work in his 47 years on the job and now he's getting ready to retire.
There's a bakery in Stockton that's celebrating a huge birthday this year. They'll be offering a one-day deal on Friday, too.
Here's a look at the weather forecast Thursday afternoon.
About 160 employees will be impacted by the closure.
The new grocery store has been long awaited by Elk Grove residents.
With grit and grace, two Yolo County teams hit the field in Woodland, both helping forge a future for one of California's most up-and-coming high school sports: girls' flag football.