New student loan rules take effect today. Here's what to know.
Loan revamp affects how much students and families can borrow to pay for college, as well as their repayment options.
Student Loan
Don't Buy a House Together Until You Hear This
Caller Aaron has a family mess on his hands: his cousin bought a house with a girlfriend; they broke up, and now his cousin's credit is still tied to the property while the ex continues living there and refuses to refinance. Jill explains exactly what to do before buying a major asset with someone you're not married to. Plus, Jill breaks down the new student loan rules that took effect on July 1, 2026, how parents and prospective students should navigate the new rules and why taking on debt for college may not be worth it anymore. Have a money question? Email askjill@jillonmoney.com.
New federal student loan rules take effect
Significant changes to federal student loan policies took effect on Wednesday. CBS News business analyst Jill Schlesinger joins "The Takeout" to explain what borrowers need to know.
Federal student loan changes begin
Starting on Wednesday, the Department of Education is sending out notices to some federal student loan borrowers with important deadlines. CBS News business analyst Jill Schlesinger explains who is affected and what to do if you receive a notice.
He dreamed of becoming a physician assistant. New loan rules may thwart him.
Starting July 1, the government will cap what graduate students may borrow in federal loans, forcing many toward private lenders with higher interest rates.
Key changes coming to federal student loans
Federal student loan repayment plans are set to change on July 1. Danielle Douglas-Gabriel, a national higher education reporter for The Washington Post, joins with more.
Here's who qualifies for the Trump adminstration's student loan rate cut
The temporary discount applies to eligible federal Direct Loan borrowers who use automatic payments.
Doctor uses side hustle to pay student loans
Dr. Brandon Axelrod, an oral and maxillofacial surgery resident in New York City, found a creative way to pay off his massive student loan debt. CBS News' Jarred Hill has more.
Yale to offer free tuition to families who earn less than $200,000 a year
Yale joins Harvard, MIT and other top universities that have eliminated tuition for households with modest income.
2026 changes to student loans: What to know
The Trump administration is set to resume wage garnishment for student loan borrowers in default. Michele Zampini, associate vice president for federal policy and advocacy at the Institute for College Access and Success, joins to discuss how borrowers can prepare.
Student loan latest on wage garnishment
The Department of Education is sending out wage garnishment notices this week that could impact millions of student loan borrowers who have defaulted. CBS News business analyst Jill Schlesinger explains who is affected and what to do if you receive a notice.
Student loan borrowers in default could see wages garnished in 2026
The Education Department signaled earlier this year that it would move to resume wage garnishment, among other forms of involuntary collection, for those in default.
Trump admin moves to end SAVE plan for millions of student borrowers
Current SAVE borrowers will have "limited time" to enroll in a new loan repayment plan and begin repaying their loans, the Education Department said.
Could a government shutdown impact student loans? Here's what to know.
A government shutdown began on Wednesday. Here's what to know about student loans, educational funding and the FAFSA.
Trump admin could block student loan relief for some public servants
Proposed Department of Education rule could deny loan forgiveness to borrowers whose employers are found to be illegally "undermining national security and American values."
Student loan interest resumes for millions
The Trump administration will begin collecting interest from federal student loan borrowers enrolled in the SAVE plan starting Friday. Kate Wood, loans expert and writer at NerdWallet, joins CBS News to discuss what borrowers need to know.
Student loan forgiveness for a popular repayment plan is paused
The Education Department has temporarily paused loan forgiveness for an income-based repayment plan. Here are the details.
How Trump's "big, beautiful bill" affects student loans
New law reduces the number of federal student loan repayment options and caps how much individuals can borrow for higher education.
New grads struggle to find jobs, repay loans
As young Americans struggle with job prospects and loan repayment, CBS News business analyst Jill Schlesinger shares tips to ease financial stress and stay on track.
Social Security garnishment for defaulted student loans is paused
The Trump administration last month started garnishing paychecks and Social Security benefits to collect defaulted loans.
Student borrowers' credit scores are plunging. Here's why that matters.
New delinquency reports will hurt the credit scores of borrowers who fail to make payments on their student loans.
Behind on your student loan? Here's what to know about wage garnishment.
With the Department of Education this month resuming collections on student loans, millions of Americans are at risk of having their wages garnished.
Student loan borrower shares her story
The Education Department has resumed collections for sending student loan borrowers who are in default. Kristina Lyons is a stay-at-home mom whose student loans are in default and joined "The Daily Report" to share her story.
Student loan expert says system in "disarray"
Millions of Americans are facing a major expense they previously thought was in their rearview mirror. The federal government is resuming collections on defaulted student loans. Lana Zak reports on loan holders already struggling to make ends meet.
Defaulted student loan collections resume
The federal government is set to resume student loan collections for borrowers in default. Danielle Douglas-Gabriel, national higher education reporter for the Washington Post, joined "America Decides" to discuss.
Live
U.S. and Iran launch new attacks and hurl threats as war intensifies
Iran and the U.S. announce new attacks and match each other's threats as the war ramps up over control of the Strait of Hormuz.
Trump to allege Chinese meddling in U.S. elections in primetime speech, sources say
Part of President Trump's speech Thursday night is expected to touch on previously unreported alleged Chinese meddling in U.S. elections, according to sources familiar with the matter.
Maps show wildfire smoke forecast, air quality alerts in swath of U.S.
Heavy smoke from several large wildfires blazing in Canada and Minnesota is engulfing large swaths of the Midwest and Northeast U.S. this week.
Zelenskyy's move to oust popular defense chief draws major backlash
Ukrainians are demonstrating in Kyiv and senior figures announcing their resignations over President Volodymyr Zelenksyy's move to oust his popular defense chief.
Exclusive
DHS could weigh use of Medicaid, housing help in green card decisions
Immigration officers could weigh use of Medicaid, food aid and housing help in green card decisions after Trump administration rescinds Biden-era public charge rule.
Trump fires U.S. attorney in Washington on heels of court appointment
Judges on the U.S. District Court for the Western District of Washington had appointed Roger Rogoff as U.S. attorney in Seattle. But he was fired shortly after.
Navy's Blue Angels investigate after video shows low flyover at Florida beach
The Blue Angels said an aircraft "flew lower than standard profiles, resulting in a disturbance on the beach that affected civilian chairs and umbrellas."
Sons say they learned father was killed by ICE through video, news reports
Ronaldo Salgado said he learned his father, 52-year-old Mexican immigrant Lorenzo Salgado Araujo, had been shot by an ICE officer in Houston last week through a video posted online that depicted him "screaming" for help.
First on CBS
GPS data tracks boat Nolan Wells was on before he went missing
GPS data from the Mississippi Department of Marine Resources, obtained by CBS News, tracks the movements of the boat that carried Nolan Wells to Horn Island on July 4.
U.S.
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Foreclosures surged 21% in the first half of 2026, new data shows
The state with the biggest jump in foreclosure activity was Idaho, where filings increased 59% compared to the same time last year.
Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Trump fires U.S. attorney in Washington on heels of court appointment
Judges on the U.S. District Court for the Western District of Washington had appointed Roger Rogoff as U.S. attorney in Seattle. But he was fired shortly after.
Navy's Blue Angels investigate after video shows low flyover at Florida beach
The Blue Angels said an aircraft "flew lower than standard profiles, resulting in a disturbance on the beach that affected civilian chairs and umbrellas."
Exclusive
DHS could weigh use of Medicaid, housing help in green card decisions
Immigration officers could weigh use of Medicaid, food aid and housing help in green card decisions after Trump administration rescinds Biden-era public charge rule.
MoneyWatch
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Foreclosures surged 21% in the first half of 2026, new data shows
The state with the biggest jump in foreclosure activity was Idaho, where filings increased 59% compared to the same time last year.
U.S. to impose 25% tariffs on Brazilian imports over unfair trade practices
The United States is imposing 25% tariffs on imports from Brazil after finding a range of what it deemed unfair trade practices by the world's 10th-biggest economy.
United Airlines anticipates $6 billion in added fuel costs
U.S. airlines say higher jet fuel prices are costing them billions more than they anticipated at the beginning of the year.
Here's what the Common Cents Act means for businesses, consumers
New law aims to address how businesses and consumers should transact amid the phase-out of the penny.
Subaru recalls more than 541,000 vehicles over labeling error
Erroneous labels on some Subaru Crosstrek, Forester and Ascent cars could increase the risk of a crash, NHTSA said.
Politics
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Trump fires U.S. attorney in Washington on heels of court appointment
Judges on the U.S. District Court for the Western District of Washington had appointed Roger Rogoff as U.S. attorney in Seattle. But he was fired shortly after.
George Santos to try hand as contestant in grueling TV reality show
George Santos has worn many hats: swindler, congressman, prison inmate, podcast host. The obvious next gig? Reality TV show contestant.
Exclusive
DHS could weigh use of Medicaid, housing help in green card decisions
Immigration officers could weigh use of Medicaid, food aid and housing help in green card decisions after Trump administration rescinds Biden-era public charge rule.
Sons say they learned father was killed by ICE through video, news reports
Ronaldo Salgado said he learned his father, 52-year-old Mexican immigrant Lorenzo Salgado Araujo, had been shot by an ICE officer in Houston last week through a video posted online that depicted him "screaming" for help.
U.S. citizen departs Iran after being barred from leaving for over a year
A U.S.-Iranian woman who was trapped in Iran on allegations of espionage and collaborating with a hostile state that her attorney called "bogus" has departed the country, CBS News learned Wednesday.
HealthWatch
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Introducing Norah O'Donnell's new health podcast
"Healthful with Norah O'Donnell" launches July 22.
Alzheimer's blood test may show who's likely to develop it in 5 to 10 years
A blood test may predict if apparently healthy older adults are likely to develop Alzheimer's symptoms in the next five or 10 years, researchers say.
Taco Bell removes some items amid outbreak
As of Tuesday, nearly 7,000 people in 34 states reported symptoms tied to a parasitic illness that, so far, has no official source. Carter Evans reports on what's suspected of being behind the cyclosporiasis outbreak.
Cyclospora outbreak leaves consumers guessing which foods are safe
Officials are still searching for the source of the outbreak, prompting consumers to seek advice on social media about which foods to avoid.
"Miracle on the Hudson" pilot, Capt. "Sully," shares Alzheimer's diagnosis
Capt. Chesley "Sully" Sullenberger, who famously landed a passenger jet on the Hudson River in 2009, said he has been diagnosed with Alzheimer's disease.
World
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Councilwoman shot, husband killed in Mexico near U.S. border
Maria de Jesus Quijada was shot at while traveling in a vehicle with her family. Her husband did not survive.
From Balogun's red card to an upset run, some of the World Cup's biggest stories
Spain is looking to secure a World Cup victory for the first time in 16 years, and Argentina enters Sunday hoping to become back-to-back champions.
Zelenskyy's move to oust popular defense chief draws major backlash
Ukrainians are demonstrating in Kyiv and senior figures announcing their resignations over President Volodymyr Zelenksyy's move to oust his popular defense chief.
U.S. to impose 25% tariffs on Brazilian imports over unfair trade practices
The United States is imposing 25% tariffs on imports from Brazil after finding a range of what it deemed unfair trade practices by the world's 10th-biggest economy.
U.S. citizen departs Iran after being barred from leaving for over a year
A U.S.-Iranian woman who was trapped in Iran on allegations of espionage and collaborating with a hostile state that her attorney called "bogus" has departed the country, CBS News learned Wednesday.
Entertainment
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Entertainment
From the archives: Pat Oliphant and the art of political cartoons
Pulitzer Prize-winning cartoonist Pat Oliphant, whose acidic drawings skewering political figures were syndicated in as many as 500 publications around the world, died on July 13, 2026 at age 90. In this April 16, 2000 "Sunday Morning" story, Oliphant talked with Morley Safer about caricature, censorship, and the influence of the first great political cartoonist, 19th century French master Honoré Daumier, whose grotesque drawings of King Louis Philippe led to a curtailment of press freedom in France in 1835.
George Santos to try hand as contestant in grueling TV reality show
George Santos has worn many hats: swindler, congressman, prison inmate, podcast host. The obvious next gig? Reality TV show contestant.
"Jurassic Park" star Sam Neill's cause of death revealed
The actor's agent said he was providing more information following news reports "which contain inaccuracies and outright falsehoods."
Behind the "Better in Person" talk show
Author and journalist Stephen Dubner, who rose to fame when he co-wrote The New York Times bestseller "Freakonomics," talks with "CBS Mornings" about launching his own weekly talk show on YouTube, "Better in Person." Dubner discusses how the show got its start, his wide range of guests and why he decided to self-finance it.
Insider at "The Wolf of Wall Street" firm opens up: "My lifestyle was insane"
The Paramount+ documentary "The Real Wolf of Wall Street" gives an inside look at Jordan Belfort's scandal-ridden firm, Stratton Oakmont.
Technology
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Technology
Meta announces new safety features
Meta announced it is introducing new features to help protect teens using Instagram, Facebook and WhatsApp, including alerting a parent if their child discusses self-harm with one of its AI chatbots. Kelly O'Grady explains.
Samsung set to unveil new foldable phones
Tech giant Samsung is set to debut a new line of foldable phones at its Galaxy Unpacked event next week. CNET senior technology reporter Abrar Al-Heeti joins CBS News to discuss.
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Details on New York data center moratorium
New York has become the first state in the U.S. to impose a moratorium on the construction of massive AI data centers. The pause takes effect immediately and halts the construction of new data centers for up to a year. Paris Marx, a technology podcast host, joins CBS News to discuss.
Backlash grows nationwide over data centers
There's growing backlash nationwide against AI data centers and now New York is hitting pause. Gov. Kathy Hochul signed an executive order to delay the building boom. Kelly O'Grady has more.
Science
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Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomer's name deciphered from ancient Mayan ruins for first time
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
Disclosure Foundation head on new UFO files
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
Watch: Pentagon releases 19 new UFO videos
The Defense Department released a fourth batch of UFO files on Friday, nearly one month after its third drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
2,000-year-old gold rings and human bones found by archaeologists
Archaeologists have discovered eight human skeletons, bronze and gold jewelry and other artifacts indicating a ceremonial burial of wealthy people.
Crime
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Crime
New details emerge in Nolan Wells case
Newly obtained GPS data from the Mississippi Department of Marine Resources tracks the movements of the boat that Mississippi teen Nolan Wells was on before he went missing. Wells was found dead after a Fourth of July boat trip to Horn Island with friends. CBS News' Anna Schecter has the latest on the investigation.
Councilwoman shot, husband killed in Mexico near U.S. border
Maria de Jesus Quijada was shot at while traveling in a vehicle with her family. Her husband did not survive.
Biddeford, Maine, mayor on ICE shooting
Liam LaFountain, mayor of Biddeford, Maine, joins "The Daily Report" to discuss his town's response to Monday's incident where an ICE officer shot and killed a man.
Nolan Wells' family meets with Mississippi DA
The parents of Nolan Wells and their legal team received assurances from the Mississippi district attorney on Wednesday that the investigation into the teenager's death would be thorough. Skyler Henry has more details on the case.
New GPS data in Nolan Wells' disappearance
CBS News has obtained GPS data showing the movements of the boat that carried Nolan Wells before he disappeared on the Fourth of July. Wells was found dead on July 6. CBS News' Anna Schecter has more.
Space
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Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
China moves to limit AI chatbot romance
China is pushing to regulate relationships with artificial intelligence chatbots as birthrates decline. Matt Sheehan, a senior fellow at Carnegie Endowment for International Peace, explains how addictive behaviors, psychological harm and a decreasing population have motivated Chinese officials to ban AI chatbot relationships.
Messi fuels Argentina's World Cup victory
Argentina fans across the world celebrated as their team advanced to the FIFA World Cup final with a late comeback against rival England. CBS News' Nicole Valdes has more.
New details emerge in Nolan Wells case
Newly obtained GPS data from the Mississippi Department of Marine Resources tracks the movements of the boat that Mississippi teen Nolan Wells was on before he went missing. Wells was found dead after a Fourth of July boat trip to Horn Island with friends. CBS News' Anna Schecter has the latest on the investigation.
From the archives: Pat Oliphant and the art of political cartoons
Pulitzer Prize-winning cartoonist Pat Oliphant, whose acidic drawings skewering political figures were syndicated in as many as 500 publications around the world, died on July 13, 2026 at age 90. In this April 16, 2000 "Sunday Morning" story, Oliphant talked with Morley Safer about caricature, censorship, and the influence of the first great political cartoonist, 19th century French master Honoré Daumier, whose grotesque drawings of King Louis Philippe led to a curtailment of press freedom in France in 1835.
U.S. considering military action against Cuba
The Pentagon is drawing up plans for possible military action in Cuba, U.S. officials say. Charlie D'Agata reports.