
$5.8 billion in student loans forgiven
More than half a million students who attended the for-profit Corinthian Colleges chain will have their federal student debt erased, the Biden administration announced.
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More than half a million students who attended the for-profit Corinthian Colleges chain will have their federal student debt erased, the Biden administration announced.
Vice President Kamala Harris announced the Biden administration will cancel all student loan debt accumulated by former students of the now defunct Corinthian Colleges. But Washington Post opinion columnist Helaine Olen says student loan forgiveness isn't enough. She joined CBS News' Tanya Rivero and Nikki Battiste to discuss.
The move will erase debt for more than 560,000 borrowers.
Many college graduates are choosing to go back to school, but some experts are questioning the value of a master's degree. James Murphy, senior policy analyst at Education Reform Now, calls it "the biggest scam of higher education." He explains to CBS News' Tanya Rivero and Tony Dokoupil why that is.
More than 43 million borrowers hold more than $1.6 trillion in federal student loan debt.
Interest rates will be 4.99% for undergraduate loans, 6.54% for graduate loans and 7.54% for PLUS loans for the 2022-2023 year.
43 million Americans now carry more than $1.7 trillion in student debt. With some questioning the value of a college degree, efforts are being made to eliminate college from many corporations' job requirements, while promoting skills training for "new-collar jobs."
Student debt has become a national crisis, with 43 million Americans carrying more than $1.7 trillion in debt. With some questioning the value of a college degree, efforts are being made to eliminate college from many corporations' job requirements, while promoting skills training for "new-collar jobs." Correspondent David Pogue talks with Wharton School of Business professor Peter Cappelli; Ken Frazier and Ginni Rometty of the OneTen Coalition; and with young people taking different approaches to higher education and the workforce.
The college posted a video of the commencement ceremony with the students being told, "You are debt-free."
President Joe Biden is considering options for tackling student loan debt, and while some are calling for total forgiveness, others have spoken out against such a policy. CBS MoneyWatch reporter Megan Cerullo joins "CBS News Mornings" to explain some of the concerns that are being raised.
"I'm in the process of taking a hard look at whether or not there will be additional debt forgiveness," the president said.
The pause's extension from the beginning of May to the end of August will add an estimated $20 billion to the deficit.
President Biden reportedly made broad comments about considering his options in canceling student loan debt during a meeting Monday with members of the Congressional Hispanic Caucus. CBS News reporter Sarah Ewall-Wice has more on what the president said in that meeting, and the latest on the administration's efforts to forgive student debt.
"Democrats win when Democrats are in touch with the American people and what's happening to them," she told "Face the Nation."
As the White House mulls canceling debt, a new study from the New York Fed details how different proposals would affect borrowers.
U.S. Secretary of Education Miguel Cardona joins CBS News’ Tanya Rivero and Mola Lenghi to talk about the Biden administration’s latest actions on student loan debt and future policy decisions.
The Biden administration is taking further steps to ease the burden of student loans, announcing changes that would result in debt forgiveness for some 40,000 borrowers. CBS News political reporter Caitlin Huey-Burns has more on the reaction from lawmakers on Capitol Hill.
Despite their student debt, only 10% said in retrospect they would skip higher education.
The White House extended the federal student loan payment pause through August 31, but has not announced a decision about wiping out debt.
President Biden announced his administration is extending the pause on student loan repayments until August 31. Calls are growing from students and lawmakers to cancel the debt altogether. J.W. Mason, an assistant professor of economics at John Jay College, joined Tanya Rivero to discuss.
The moratorium on federal student loan repayment has been extended through the end of August. Politico education reporter Michael Stratford joins "CBS News Mornings" to discuss the economic impacts of the pause on payments and the significance of the new expiration date.
A South African judge said the former accounting student spent almost $1,000 per day for months after a clerical error dumped the cash in her account.
CBS News intelligence and national security reporter Olivia Gazis tells "Red and Blue" about President Biden's call with Ukrainian President Zelenskyy, as well as intelligence that Russian President Putin apparently believes his military has misled him. USA Today White House reporter Rebecca Morin talks about the Title 42 immigration measure being set to end in May and the lack of action on cancelling college loan debt.
Democrats are growing concerned that the president's lack of action on student loan debt could cost the party votes in the midterm elections. John King, former education secretary under President Obama and Maryland gubernatorial candidate, joined CBS News' Nikki Battiste and Tanya Rivero to speak out in favor of broad student debt cancellation.
These colleges come with a hefty price tag
A person of interest was arrested more than eight hours after the shooting following a brief vehicle pursuit.
Committee members say new information is coming to light following Cassidy Hutchinson's testimony.
A preliminary medical report says Walker, who was unarmed at the time of the shooting, had more than 60 gunshot wounds.
U.S. officials say they have concluded that gunfire from Israeli positions likely killed Al Jazeera journalist Shireen Abu Akleh but that there was "no reason to believe" her shooting was intentional.
Addison Bethea was scalloping along the gulf coast with her older brother, a firefighter, when a 9-foot-long shark latched onto her thigh.
At least seven hikers were killed in the devastating avalanche, while eight people suffered injuries and 14 others remained missing Monday.
Millions of travelers packed into airports over the holiday weekend, and many were met with chaos as thousands of flights were delayed or cancelled.
Authorities filed preliminary charges of murder and attempted murder against a 22-year-old Danish man.
A handwritten letter from Brittney Griner was delivered to the White House on the Fourth of July.
A person of interest was arrested more than eight hours after the shooting following a brief vehicle pursuit.
Some cities are choosing to illuminate the night sky with drones or laser beams instead.
"I needed $10,000 in 15 days," said décor shop owner in Texas who took out several loans in order to pay rent on time.
Addison Bethea was scalloping along the gulf coast with her older brother, a firefighter, when a 9-foot-long shark latched onto her thigh.
Heard's lawyers argued that the verdict was not supported by the evidence and that one of the jurors may not have been properly vetted by the court.
"I needed $10,000 in 15 days," said décor shop owner in Texas who took out several loans in order to pay rent on time.
Donations are pouring in to nonprofit groups in what experts call an example of "rage giving."
The Amazon.com founder claims Biden is either relying on "misdirection or a deep misunderstanding of basic market dynamics."
Workers who move 401(k)s into IRAs can lose significant money to a choice they didn't have to make, new analysis shows.
In January, same-day tourists will be required to make reservations and pay to visit the historic lagoon city.
Gov. Gavin Newsom is running for reelection in California, but his latest television ad is airing in Florida.
Committee members say new information is coming to light following Cassidy Hutchinson's testimony.
Williams, a retired U.S. Marine Corps officer and the last living medal of honor recipient from World War II, died Wednesday at 98 years old.
On this "Face the Nation" broadcast, Secretary Alejandro Mayorkas and Rep. Adam Schiff join Margaret Brennan.
"We see that as a top of the iceberg of poor health in women and poor health in Black women," Dr. Henning Tiemeier told "Face the Nation."
Dr. Karen Onel, pediatric rheumatology chief, explains symptoms of stiffness and joint swelling to look for in children.
"We see that as a top of the iceberg of poor health in women and poor health in Black women," Dr. Henning Tiemeier told "Face the Nation."
The Texas Supreme Court has temporarily blocked a lower court order that allowed some abortions to resume.
Thousands of Navy families living near Pearl Harbor have been poisoned after a jet fuel leak contaminated the tap water system. Investigations revealed a failure of leadership and oversight as the cause of this dangerous incident. David Martin has more.
The Centers for Disease Control and Prevention is investigating the source of a recent outbreak of listeria. One person has died and nearly two dozen have been hospitalized. All of the patients either reside in or traveled to Florida before becoming sick.
Authorities filed preliminary charges of murder and attempted murder against a 22-year-old Danish man.
A handwritten letter from Brittney Griner was delivered to the White House on the Fourth of July.
At least seven hikers were killed in the devastating avalanche, while eight people suffered injuries and 14 others remained missing Monday.
U.S. officials say they have concluded that gunfire from Israeli positions likely killed Al Jazeera journalist Shireen Abu Akleh but that there was "no reason to believe" her shooting was intentional.
CBS News hears the unlikely story of how rock star Randy Bachman's got his favorite guitar back from the man himself, and the two others who made it happen.
CBS News hears the unlikely story of how rock star Randy Bachman's got his favorite guitar back from the man himself, and the two others who made it happen.
In January, same-day tourists will be required to make reservations and pay to visit the historic lagoon city.
Randy Bachman made hits like "American Woman" and "Takin' Care of Business" on a pumpkin orange 1957 Gretsch, a guitar he'd bought with savings as a teenager. But the instrument that the founding member of The Guess Who and Bachman-Turner Overdrive had learned to play on was stolen in 1976. CBS News senior foreign correspondent Elizabeth Palmer speaks with Bachman and the sleuth that tracked down his long lost guitar.
Fandango's managing editor Erik Davis joins "CBS Mornings" to discuss the exciting movies premiering this summer and to share his top recommendations.
The singer thanked supporters for their "innumerable gestures of solidarity" as reports suggested a relationship gone wrong.
Digital asset brokerage company Voyager Digital is the latest casualty of the cryptocurrency meltdown. CBS News tech reporter Dan Patterson joins Anne-Marie Green to discuss what this means for investors.
Visits to counseling centers, fertility centers, addiction treatment facilities, weight loss clinics and cosmetic surgery clinics will also be erased from users' location histories.
FCC Commissioner Brendan Carr has issued an order for Apple and Google to remove TikTok from their app stores, citing a pattern of surreptitious data storage and access. The FCC gave Apple and Google until July 8 to respond. CBS News tech reporter Dan Patterson joins anchors Tanya Rivero and Nikki Battiste to explain the controversy.
Tech companies are facing numerous questions on whether they will cooperate with law enforcement officials who may seek to prosecute abortions where the procedure is now banned. CBS News tech reporter Dan Patterson has more on the pressures these companies are facing, including from their own employees.
CNET editorial director Dan Ackerman joins "CBS Mornings" to share innovative technology that can help families beat the heat and save money this summer.
The Supreme Court's ruling on Thursday limiting the Environmental Protection Agency's ability to strictly regulate greenhouse gas emissions from power plants makes the effort to counter climate change much more difficult. In this "CBS Sunday Morning" video essay, writer and narrator Robert Krulwich explains why rising levels of carbon dioxide in our air since the beginning of the Industrial Revolution pose an existential threat to us and our planet. Based on the work of Aatish Bhatia. Animation directed and designed by Nate Milton. Music by Buck St. Thomas.
State officials said Greenidge Generation's mine is a threat to New York's climate goals. A Greenidge spokesperson says, "It simply would not."
Dozens of wildfires were burning across the nation this week. Climate change is making these fires more frequent and intense, and the crews that fight them are feeling the toll. CBS News’ Ben Tracy sat down with Kelly Martin, president of the Grassroots Wildland Firefighters Association, to talk about what these brave firefighters go through.
Florida officials confirmed the recurrence of an invasive snail species that destroys wildlife and poses serious threats to human health.
Drought and warming temperatures - conditions favored by the insects - have fanned the outbreaks.
A person of interest was arrested more than eight hours after the shooting following a brief vehicle pursuit.
Law enforcement officials in Highland Park, Illinois, provided an update on the investigation after a shooting at the Fourth of July parade. At least six people were killed and about two dozen wounded, some critically. Officials said the gunman is still on the loose, and people in the area are being advised to shelter in place. Watch the full briefing.
Law enforcement officials and the mayor in Highland Park, Illinois, held a news conference after a gunman opened fire at a Fourth of July parade, killing at least 6 people and leaving two dozen injured. The suspect is still being sought. Watch the briefing here.
It's the final step in an official redemption that has spanned more than a decade and three governors of both political parties.
Cinthya de la Cruz Martínez, 23, was with her father in the vehicle and was also shot.
New infrared sensor technology is designed to improve detection of ballistic and hypersonic weapons.
The SES-22 relay station is the first of six new satellites that will deliver TV, radio and data across the U.S.
"Seeing the Earth from the outside ... it really puts things into perspective," Katya Echazarreta said.
The solar-powered microwave oven-sized craft is a key part of the agency's Artemis moon program.
Depending on the results of an independent review, budget impacts and other factors, the Psyche mission could face cancellation.
Concerts are back on track, with rock, heavy metal, country and hip hop artists returning to live performances.
One of these shows could be your next binge obsession.
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If you work in one of these industries, you already know the risks.
As abortion-rights activists mourned the end of an era, anti-abortion advocates celebrated a long-fought victory.
We go inside one New Jersey school that's raising the bar to keep children safe. And a look back on history, we meet with a civil rights activist reflecting on a famous sit-in in Mississippi. Watch these stories and more on Eye on America with host Michelle Miller.
Lynn Sweet, the Washington bureau chief for the Chicago Sun-Times, was at the Fourth of July parade in Highland Park, Illinois, when a gunman opened fire. She joined CBS News' Lana Zak to talk about what she witnessed.
Protests bubbled over Sunday night following the release of police body cam footage showing the pursuit and killing of 25-year-old Jayland Walker after a traffic stop. Walker, a Black man, was shot up to 60 times by police after what Akron, Ohio police say was a car chase then foot pursuit. CBS News correspondent Elise Preston joined Anne-Marie Green from Akron, Ohio with a detailed report.
The Savannah Bananas are messing with baseball's rich traditions, becoming a viral video sensation. Kris Van Cleave shares more on the team turning baseball into a circus.
The House committee investigating the Jan. 6 attack on the U.S. Capitol is talking publicly about the possibility it will recommend the first-ever prosecution of a former president. Meanwhile, CBS News has learned that Donald Trump has told allies he's considering announcing a 2024 presidential bid early. Scott MacFarlane has the latest.