Glitches with new FAFSA form leave prospective college students in limbo
Typically, FAFSA forms are released on Oct. 1. But this year, the application forms came out three months late, on Dec. 30, 2023.
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Typically, FAFSA forms are released on Oct. 1. But this year, the application forms came out three months late, on Dec. 30, 2023.
Computer glitches to the U.S. Department of Education's overhaul of the FAFSA form has led to a botched rollout that has forced colleges across the country to push their financial aid deadlines. It's also left many students in the lurch. Meg Oliver explains.
President Biden is forgiving another $1.2 billion in student loan debt, giving relief to 153,000 borrowers. Danielle Douglas-Gabriel, higher education reporter for the Washington Post, joined CBS News to discuss who qualifies.
The cost of college tuition continues to soar. Carter Evans takes a look at what's causing the rise and how it's impacting students and borrowers.
President Biden traveled to California on Wednesday where he spoke about his administration's latest student loan debt forgiveness plan. CBS News chief White House correspondent Nancy Cordes has the details.
President Biden on Wednesday announced his administration is canceling $1.2 billion in student debt for 153,000 borrowers. Biden delivered remarks in Culver City, California.
With roughly 43 million Americans burdened by over $1.6 trillion in federal student loan debt, the Biden administration's latest proposal offers a glimmer of hope, aiming to extend the relief further after already canceling billions in debt. Experts like Betsy Mayotte offers insight and tips for those navigating these challenging financial waters.
On Thursday, the Biden administration released a new proposal to expand student loan forgiveness as Americans nationwide struggle to repay their debt. Here's the latest.
President Biden announced he intends to purse a new student loan forgiveness plan under the Higher Education Act after his original plan was overturned by the Supreme Court. Skyler Henry reports from Washington.
An error identified in the revised Free Application for Federal Student Aid (FAFSA) process led to difficulties for students trying to apply. Kate Wood, a writer at NerdWallet, joins CBS News with the snag's effect on student wallets.
President Biden said that of the borrowers who can get their loans forgiven, nearly 44,000 are teachers, nurses, firefighters and others who are eligible for forgiveness after working 10 years of public service.
Borrowers who took out $12,000 or less in loans and have been in repayment for at least 10 years could get their debt erased.
This latest $4.8 billion in relief brings the grand total of approved debt cancellation by the administration to $132 billion for over 3.6 million Americans.
Donations on the crowdfunding platform this year reveal a range of urgent financial needs, GoFundMe data shows.
The number of people seeking help on the platform to pay student loans has exploded over the last year, the crowdfunding site says.
With student loan repayments officially resuming this month, many borrowers say they are facing customer service issues with their loan servicers. Persis Yu, the deputy executive director and managing counsel for the Student Borrower Protection Center, joined CBS News to discuss the situation.
Student loan borrowers facing problems with their servicer shouldn't have to repay their debt until the issues are resolved, 19 state attorneys general say.
As student loan repayments restart in October, the Biden administration said 125,000 people with student loans will have their debt erased.
Tens of millions of Americans are expected to resume paying student loans after a three-year pandemic-era pause. CBS News correspondent Carter Evans has more. Plus, Politico education reporter Michael Stratford explains how the Biden administration is attempting to ease the burden for borrowers.
Student loan payments resumed over the weekend following a pandemic-era pause that lasted more than three years. For millions, the payments will force them to make difficult cuts elsewhere as prices for gas and groceries remain high. Carter Evans reports.
Student loan payments resumed Sunday following a three-year pause brought on by the COVID-19 pandemic. More than 43 million Americans must now begin repaying loans, and about half are expected to be delinquent on their payments. Astrid Martinez reports.
Americans with student loan debt need to begin repaying their loans again after a hiatus of more than three years.
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to talk about what borrowers need to know before federal student loan repayments start back up in October.
Scammers are targeting student loan borrowers as millions of Americans prepare to start repaying their debt in October following a three-and-a-half-year pause. CBS MoneyWatch associate managing editor Aimee Picchi provides some tips on how to spot a scam.
Scammers are seizing on "chaos and confusion" ahead of the resumption of student loan repayments, one expert warned.