$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.
Student Debt
Corinthian Colleges student loans canceled
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.
Biden administration cancels $5.8 billion in student debt
The move will erase debt for more than 560,000 borrowers.
MoneyWatch: The value of a master's degree
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.
As midterms near, debate over student loan forgiveness heats up
More than 43 million borrowers hold more than $1.6 trillion in federal student loan debt.
It's about to get more expensive to take out federal student loans
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.
Paths to avoid crippling student debt
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: Is a degree worth the financial strain?
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.
Anonymous donor pays tab for graduates of Texas college
The college posted a video of the commencement ceremony with the students being told, "You are debt-free."
Critics push back on student loan forgiveness
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.
Biden says he's considering forgiving student debt, but not $50,000
"I'm in the process of taking a hard look at whether or not there will be additional debt forgiveness," the president said.
Republicans target pause on student loan payments
The pause's extension from the beginning of May to the end of August will add an estimated $20 billion to the deficit.
White House's student loan forgiveness options
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.
Warren urges Biden to cancel student loan debt ahead of midterms
"Democrats win when Democrats are in touch with the American people and what's happening to them," she told "Face the Nation."
Study shows who would benefit most from different forms of student loan relief
As the White House mulls canceling debt, a new study from the New York Fed details how different proposals would affect borrowers.
Education Secretary Cardona on student debt
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.
Democrats concerned on student loan strategy
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.
Millennials, Gen Z put off major financial decisions because of student loans, study finds
Despite their student debt, only 10% said in retrospect they would skip higher education.
Canceling student loan debt "still on the table" for Biden administration
The White House extended the federal student loan payment pause through August 31, but has not announced a decision about wiping out debt.
Could canceling student loans avert recession?
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.
Pause on student loan payments extended
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.
Student jailed for spending almost $1M in student aid on luxury goods
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.
Biden's Ukraine call and U.S. intel on Putin
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.
Former official calls to cancel student 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.
The 50 most expensive colleges in America, ranked
These colleges come with a hefty price tag
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Full transcript of "Face the Nation" on June 26, 2022
On this "Face the Nation" broadcast, Secretary Alejandro Mayorkas and Rep. Adam Schiff join Margaret Brennan.
Racial disparity in maternal deaths "one of the biggest challenges," expert says
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Juvenile arthritis or growing pains?
Dr. Karen Onel, pediatric rheumatology chief, explains symptoms of stiffness and joint swelling to look for in children.
Racial disparity in maternal deaths "one of the biggest challenges," expert says
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