Here's what the Supreme Court ruling means for your student debt
Borrowers are now facing double whammy after high court rules against Biden administration's student loan forgiveness program.
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Borrowers are now facing double whammy after high court rules against Biden administration's student loan forgiveness program.
The U.S. forgave $757 billion in loans through the Paycheck Protection Program, with most of those benefits going to the wealthy.
The fallout has already begun after the Supreme Court ruled 6-3 that President Biden's student loan forgiveness plan is unlawful. CBS News legal contributor Jessica Levinson, student loan expert Mark Kantrowitz, CBS News chief Washington correspondent Major Garrett and CBS News congressional correspondent Nikole Killion have more.
The Supreme Court ruled 6-3 that President Biden's student loan forgiveness plan is unlawful. Chief Washington correspondent Major Garrett and CBS News correspondent Christina Ruffini have more on how the justices came to that decision.
About 40 million Americans are no longer eligible for debt relief after the Supreme Court threw out President Biden's student loan forgiveness plan.
Millions of Americans will soon need to make payments on their student loans for the first time in more than three years. The payment pause -- which had been sparked by economic worries from the pandemic -- will end in a few months. Sameer Gadkaree, president of the Institute for College Access and Success, joins CBS News to discuss how the resumption of payments will impact borrowers.
Republicans say it's unfair to forgive student-loan debt, and want to limit the amount that some students can borrow.
President Joe Biden vetoed legislation Wednesday that would have repealed his plan to forgive student debt.
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The debt ceiling deal includes a provision to end the pandemic-related federal student loan payment pause
With the cost of a bachelor's degree approaching $90,000 per year at some schools, an associate's program may be more financially feasible — and lucrative.
Initially intended for the well-off, the federal loans have become a last resort for many lower-income families.
The U.S. Supreme Court will hear President Biden's proposal to forgive $400 billion in federal student loan debt. Challengers in six Republican-led states say it's an abuse of power that bypassed Congress. Chief legal correspondent Jan Crawford reports.
The Supreme Court heard arguments today on President Biden's student loan forgiveness plan. CBS News chief legal correspondent Jan Crawford joins Lilia Luciano and Lana Zak from outside the Supreme Court to discuss the cases being considered.
The Supreme Court is hearing arguments from six Republican-led states in a case challenging the Biden Administration's federal student loan forgiveness plan. Iowa's Attorney General Brenna Bird is one of the officials leading the charge. She joined "Red and Blue" to discuss what she hopes to gain from the lawsuit.
Financial future of 40 million Americans hangs in balance as high court weighs Biden plan to forgive up to $20K per borrower.
Mike Pierce, the executive director of the Student Borrower Protection Center, joins CBS News' Lilia Luciano and Lana Zak to discuss the importance of President Biden's student loan forgiveness plan, as the Supreme Court hears arguments on the policy.
Painfully high inflation is putting even more pressure on Americans struggling to repay their college loans.
One part of plan for tackling student debt could spur more people than expected to join program, analysis says.
The proposal comes as the Biden administration's plan to forgive up to $20,000 in student debt remains in limbo.
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.
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The Biden administration had earlier extended a repayment pause while its student-debt relief program remains tied up in court.
Concerns over rising interest rates and inflation are weighing on many parents and students as they consider taking out loans for college. Ann Berry, founder of Threadneedle Ventures, joined CBS News' Lana Zak and Errol Barnett to discuss how to approach the important decision.
A Biden administration program forgiving up to $20,000 in student loans remains hung up in court.
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