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.
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New delinquency reports will hurt the credit scores of borrowers who fail to make payments on their student loans.
With the Department of Education this month resuming collections on student loans, millions of Americans are at risk of having their wages garnished.
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.
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.
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.
TransUnion, one of the three major credit bureaus, found that one in five student loan borrowers is at risk of defaulting.
Jana Heartwood owes more than $40,000 in student loan debt. She says when payments resumed last year, she was not notified and is now struggling to get answers from her loan servicer.
Millions of Americans are preparing for the federal government to resume collections of student loan payments for the first time in five years. CBS News' Lana Zak reports.
Collections are resuming on defaulted federal student loans for the first time in five years. Vanderbilt University's Brent Evans joins CBS News with what to know.
Beginning on Monday May 5, the Education Department will resume collections on defaulted student loans for the first time in five years. Wayne Johnson, the former chief operating officer at the Education Department's office of federal student aid, joins "The Daily Report" to discuss.
A new proposal from Republican lawmakers would eliminate the popular SAVE repayment plan, which helped lower costs for millions.
Millions of student loan borrowers in default could soon see their wages garnished under the Trump administration's policies, and Americans who entered public service fields expecting loan forgiveness could see that promise broken. CBS News' Nancy Chen explains.
Nearly 10 million borrowers could be in default within a few months, according to the department.
The Education Department said it will resume collections on defaulted student loans beginning May 5. Andrew Pentis, consumer lending analyst and certified student loan counselor at Bankrate, joins "The Daily Report" to discuss.
The International Monetary Fund is predicting slower economic growth this year in the U.S., citing uncertainty over the Trump administration's tariffs and trade policy. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Tax day is coming up on Tuesday, April 15. USA Today money and finance reporter Medora Lee joins "The Daily Report" with some tips if you don't know where to start.
Trump administration effort to wind down the Education Department could lead to frustration for millions of student loan borrowers, experts say.
One day after signing an executive order to begin dismantling the Department of Education, President Trump provided more insight on his plan to reallocate the department's responsibilities. CBS News MoneyWatch reporter Megan Cerullo reports.
President Trump is moving to dismantle the Department of Education. He signed an executive order on Thursday that the White House says will begin the process of shutting down the agency. CBS News senior White House reporter Jennifer Jacobs reports.
The Department of Education doesn't oversee school curriculums, but it does offer a range of services affecting millions of Americans.
President Trump is seeking to dismantle the Department of Education with the help of billionaire Elon Musk, potentially causing major disruptions for Americans paying student loans. CBS News business analyst Jill Schlesinger breaks down what to know.
The Biden administration is canceling federal student loans for another 55,000 workers to the tune of $4.28 billion in what's expected to be the last such round before he leaves office.
President-elect Donald Trump is proposing sweeping education changes like eliminating the Department of Education and cutting back loan forgiveness programs ahead of taking office in January. The Washington Post education writer Laura Meckler joins "The Daily Report" to discuss his plans and the likelihood they will come to fruition.
President-elect Donald Trump has called the Biden administration's student loan relief efforts a "total catastrophe."
Student loan payments for people enrolled in the Biden administration's SAVE plan will remain on hold for at least six more months.