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.
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The pause's extension from the beginning of May to the end of August will add an estimated $20 billion to the deficit.
"Democrats win when Democrats are in touch with the American people and what's happening to them," she told "Face the Nation."
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.
As the White House mulls canceling debt, a new study from the New York Fed details how different proposals would affect borrowers.
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.
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.
More than 45 million people in the U.S. owe nearly $2 trillion in student debt. Some colleges and universities are helping to reduce the ballooning loan crisis. Nate Burleson visited America's oldest HBCU to see how the clearing of some tuition debt is changing students' lives.
The Education Department has identified a total of 100,000 student loan borrowers eligible to have their debt canceled since the Biden administration made changes to the Public Service Loan Forgiveness program.
The latest round of loan forgiveness brings the total amount approved by the department to approximately $2 billion for more than 107,000 borrowers.
Erasing student debt often seems like an impossible dream, even when people declare bankruptcy. But it can be done.
Borrowers with total and permanent disabilities can already apply for elimination of their student loan debt.
Walmart says it will fully pay for college tuition and books on behalf of full- and part-time employees. Read more here.
One of President Biden's campaign promises was tackling the high cost of education. Matt Carpenter, the CEO of College Funding Services, joins Elaine Quijano on CBSN's "Red & Blue" to discuss the rising amount of student loan debt.
Massachusetts Senator Elizabeth Warren joins "CBS This Morning" to talk about her new book "Persist," her plans to take on the urgent issues of child care and student debt, and the battle over infrastructure funding in Washington, D.C.
The move comes as public sector unions ask the Education Department to cancel loans for borrowers in public service jobs.
About 42.9 million Americans owe a collective $1.7 trillion in outstanding student loans – a "quiet crisis" that touches families across the nation.
CBS News has learned that after weeks of deliberations, congressional Democrats and the White House will unveil a sweeping immigration bill that would allow millions of undocumented immigrants to pursue legal status. CBS News senior White House and political correspondent Ed O'Keefe join CBSN to discuss the details, as well as the administration's latest pandemic efforts.
Several Democrats are urging President Biden to forgive $50,000 in federal student loans. The measure would cost about $650 billion, and lawmakers say it would help the nation's struggling economy. CBS News reporter Kate Smith joins CBSN's Lana Zak to discuss the proposal, and how the White House is reacting to it.
According to the CDC, the number of veterinarians who die by suicide is going up. With rising student debt, increasingly isolated offices, and pet owners with social media, the veterinary field is becoming high-risk. "Not One More Vet" CEO and veterinarian Nicole McArthur joins CBSN AM to explain why vets are struggling and how her company is trying to help vet-to-vet.
If you're one of the 48 million Americans paying off debt from education, tax time could mean some relief. The IRS allows you to deduct student-loan interest from your taxes. CBSN spoke with two tax professionals to get the details.
Americans are burdened with about $1.5 trillion in student loan debt, which the latest data breaks down to an average of $35,000 per borrower. CBSN anchor Anne-Marie Green spoke with Tina Hay, author and founder of Napkin Finance, a platform that creates napkin-sized explainers on money. They discussed what to consider before taking out student loans and how to manage that debt.