Student loan payments resuming next month
Student loan repayments are set to resume in October after being paused over three years ago at the start of the COVID-19 pandemic. Carter Evans takes a look at how the resumption will impact Americans.
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Student loan repayments are set to resume in October after being paused over three years ago at the start of the COVID-19 pandemic. Carter Evans takes a look at how the resumption will impact Americans.
Student loan interest started accruing again on Friday after a three-and-a-half-year pause amid the COVID pandemic. Ayelet Sheffey, a senior economic policy reporter for Insider, joins CBS News to discuss what student loan borrowers should expect.
After a three-year hiatus, interest on student loans begins piling up again on Friday, with payments due in October.
Interest on federal student loans resumes in September and payments will start in October after a more than three-year pause due to the COVID pandemic. The Supreme Court rejected President Biden's student debt relief program in June, but the Biden administration is offering a new program to help some borrowers bring down the cost of their monthly payments. Weijia Jiang reports.
Federal student loans will start accruing interest for the first time in three years on Friday. Student loan attorney Adam Minsky joins CBS News to help answer questions people may have about payments resuming.
The Biden administration announced Tuesday a new income-driven student loan repayment plan that could lower or eliminate monthly payments for more than 20 million borrowers. CBS News White House reporter Bo Erickson has more.
Monthly loan payments may drop, based on a borrower's income.
Some borrowers who had enrolled in income-driven repayment plans will start getting their debt discharged this week.
Student loan repayments are set to resume in October when a pandemic-era relief program comes to an end, but nearly half of borrowers say they are not financially prepared to restart payments, according to a survey by U.S. News. With that in mind, the Biden administration is easing repayment requirements for many borrowers. CBS MoneyWatch associate managing editor Aimee Picchi has more.
Only one-third of borrowers are aware that loan repayments will restart in October, a new survey found.
Many graduates aren't earning enough to even pay down their interest, causing loans to snowball.
The new income-driven repayment plan could cut borrowers' monthly payments in half, while some could see their monthly payments go down to $0.
Young voter groups hope to replicate the boost in midterm election turnout after the Supreme Court struck down the federal right to an abortion in 2022.
The Biden administration announced they will forgive student loans for more than 800,000 borrowers who have made at least 20 years of payments. That forgiveness comes as the Education Department prepares to implement major changes to a repayment plan which will reduce borrowers' monthly payments. Errol Barnett has more on how this all may affect you.
The Biden administration is taking steps to forgive billions in student loan debt. It's doing so by making fixes to some repayment plans. The move will automatically forgive $39 billion of educational debt. This comes after the Supreme Court struck down another student debt forgiveness plan just weeks ago. CBS News reporter Natalie Brand has more.
Millions of Americans are preparing to resume paying back their student loans in October. That's after the Supreme Court overturned President Biden's plan to forgive up to $20,000 in debt last week. Emily Irwin, managing director and senior director of advice at Wells Fargo Wealth and Investment Management, has tips for how to prepare.
The Supreme Court this week struck down the Biden administration's student loan forgiveness plan, and also ruled against the use of affirmative action in higher education. The high court also ruled that businesses can refuse service to LGBTQ customers. Christina Ruffini has more on how the White House is responding.
The Supreme Court voted in a 6-3 decision to strike down the Biden administration's plan to forgive student loans through the HEROES Act. Biden responded by laying out a new plan to waive or modify student debt. Christina Ruffini reports.
CBS News Business Analyst Jill Schlesinger answers your biggest questions after the Supreme Court ruling on Biden's student loan forgiveness plan.
The Supreme Court on Friday struck down the Biden administration's student loan relief program. Monique White, financial expert and head of community at Self Financial, joins CBS News to share tips on navigating finances after the student loan decision.
In a 6-3 decision, the Supreme Court on Friday struck down a Biden administration plan to cancel billions of dollars in student debt. Major Garrett has the latest.
President Biden delivered remarks criticizing the Supreme Court's decision to strike down his student loan forgiveness plan. In a 6-3 ruling Friday, the court's conservative majority said federal law does not allow the program to wipe out nearly half-a-trillion dollars in debt. Mr. Biden says he will take action to address the problem in other ways. Watch his full remarks and analysis in this CBS News Special Report.
The conservative Supreme Court majority on Friday struck down President Biden's student loan forgiveness plan while also ruling on a case involving LGBTQ rights, religious freedom and free speech. CBS News chief Washington correspondent Major Garrett reports. Then CBS News legal contributor Jessica Levinson examines how the president could try to move forward with loan forgiveness.
The Supreme Court on Friday struck down President Biden's student loan forgiveness plan. And in a separate case, the justices ruled in favor of a designer who did not want to make wedding websites for same-sex couples. GOP consultant Terry Sullivan and Democratic strategist Antjuan Seawright joined CBS News to talk about the potential political fallout from the rulings.
"We'll use every tool at our disposal to get you the student debt relief you need to reach your dreams," President Biden said.
The U.S. moves more refueling planes to the Mideast and adds medics at a major military hospital as the war with Iran spreads to another key waterway.
The U.S. defense industrial base isn't equipped to produce missiles rapidly enough to replenish munitions used in the war with Iran, or transferred for use to Central Command.
The Trump administration will impose tariffs of up to 12.5% on goods from 60 U.S. trading partners accused of failing to crack down on forced labor, extending the administration's tariffs on much of the world.
The Justice Department withdrew its subpoenas for New York Times reporters during a court heraing Thursday, after a judge grilled government lawyers for making "errors."
The Justice Department will face an uphill battle if it tries to prosecute Jack Smith over allegations leveled by House Republicans, former prosecutors say.
Federal health officials said they've identified a new outbreak of the cyclospora parasite, but the source hasn't been specified.
The votes in Congress follow the deaths of several U.S. service members who were killed in Iranian attacks, and as the cost of the war escalates.
Madison's chief of police says an officer in Wisconsin's capital city shot and killed a man who had injured him with a knife while resisting arrest.
Tropical Storm Bertha is the second named storm of the Atlantic hurricane season.
Texas Attorney General Ken Paxton accused Maria Rojas of performing illegal abortions and practicing medicine without a license last year.
Derek Williams died Wednesday, according to his family. He had been living with Parkinson's disease and was recently diagnosed with cancer.
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
The lawsuit claims the Trump administration is withholding hundreds of millions of dollars in disaster-preparedness and homeland security grants to pressure states to change policies on elections and immigration.
The U.S. defense industrial base isn't equipped to produce missiles rapidly enough to replenish munitions used in the war with Iran, or transferred for use to Central Command.
The Trump administration will impose tariffs of up to 12.5% on goods from 60 U.S. trading partners accused of failing to crack down on forced labor, extending the administration's tariffs on much of the world.
The new Gold+ initiative would allow private contractors to handle passenger screening at three airports while the TSA retains federal oversight.
Only about 53% of Americans own homes, or about 12 percentage points lower than previous data has shown, the study found.
The robot actor is generating work for Hollywood creatives, not stealing jobs from actors, her inventor tells CBS News.
The recall affects white-shell and cage-free eggs sold under multiple grocery brands in six states. No illnesses have been reported.
The lawsuit claims the Trump administration is withholding hundreds of millions of dollars in disaster-preparedness and homeland security grants to pressure states to change policies on elections and immigration.
The U.S. defense industrial base isn't equipped to produce missiles rapidly enough to replenish munitions used in the war with Iran, or transferred for use to Central Command.
The Trump administration will impose tariffs of up to 12.5% on goods from 60 U.S. trading partners accused of failing to crack down on forced labor, extending the administration's tariffs on much of the world.
The Justice Department withdrew its subpoenas for New York Times reporters during a court heraing Thursday, after a judge grilled government lawyers for making "errors."
The Justice Department will face an uphill battle if it tries to prosecute Jack Smith over allegations leveled by House Republicans, former prosecutors say.
U.S. health officials said they are investigating an additional outbreak of cyclospora, but do not know its source. Plus, Taylor Farms has reportedly shut down the plant where lettuce is suspected to have started the initial outbreak that has sickened thousands in at least 41 states. Carter Evans reports.
Utah's weekly measles case count has fallen. The national tally hasn't, and a newborn who's too young to be vaccinated is caught in between.
Federal health officials said they've identified a new outbreak of the cyclospora parasite, but the source hasn't been specified.
The FDA panel will review seven peptides and decide if they should be added to a list of substances that can be safely produced by compounding pharmacies.
The recall affects white-shell and cage-free eggs sold under multiple grocery brands in six states. No illnesses have been reported.
Derek Williams died Wednesday, according to his family. He had been living with Parkinson's disease and was recently diagnosed with cancer.
The U.S. defense industrial base isn't equipped to produce missiles rapidly enough to replenish munitions used in the war with Iran, or transferred for use to Central Command.
As Iran's attacks keep ship traffic through the Strait of Hormuz to a trickle and oil prices surge, Gulf states are planning to invest billions in pipeline alternatives.
A former model who accused Jeffrey Epstein associate Daniel Siad of rape says his death in Paris is "very disappointing," as he never faced justice.
Mayor Valentin Lavin, who was allied to President Claudia Sheinbaum's leftist party, had already survived an armed attack in January, according to local media reports.
The robot actor is generating work for Hollywood creatives, not stealing jobs from actors, her inventor tells CBS News.
Peter Lassally, the fabled TV executive for such late-night hosts as Johnny Carson and David Letterman, and a mentor for many rising comedians, died July 19, 2026 at age 93. In this March 11, 2018 "Sunday Morning" profile, correspondent Mo Rocca talked with Lassally (affectionately dubbed "The Host Whisperer") about working with the kings of late-night. Lassally also talks about his childhood, part of which was spent in Nazi concentration camps, and also about whether he has had joy in his life.
"Criminal Minds" star Aisha Tyler was only supposed to be in six episodes of the show, but her journey on the series has now spanned over a decade. She tells "CBS Mornings" how her role has impacted her in real life and what it was like to work with guest star Connor Storrie from "Heated Rivalry."
Actor James Norton describes what it is like to play a villain in "House of the Dragon," which is a prequel to "Game of Thrones" and reveals which scene made him nearly faint during shooting.
Luke Bracey tells "CBS Mornings" the new "Little House on the Prairie" series was adapted from the books rather than a reboot of the TV show. He explains why he thinks it resonates with people today and how a playlist helped him and a co-star bond over their characters.
As the back-to-school shopping season begins, you can expect to pay more for certain items, like laptops, due to shortages stemming from artificial intelligence. Brian Westover, principal hardware writer for PCMag, joins CBS News to discuss how you can save money.
New research from a cybersecurity company now indicates that artificial intelligence models are getting better at solving multi-part problems. Gabriel Bernadett-Shapiro, who worked on the project and is a distinguished AI research scientist at SentinelOne, joins to unpack his team's research.
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.
OpenAI is investigating after two of its AI bots went rogue and targeted an outside company during a training exercise in what the company called an "unprecedented cyber incident." Ian Krietzberg, an AI correspondent at Puck, joins with more.
Florida pastor Scott Winters claims in his lawsuit against OpenAI that ChatGPT's poor medical recommendations sent him to the hospital. CBS News' Jo Ling Kent sat down with Winters to discuss his experience.
Millions of people are enduring dangerous air quality as Canadian wildfire smoke shrouds the skies. Jonathan Overpeck, dean of the School for Environment and Sustainability at the University of Michigan, explains how climate change is worsening wildfires.
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
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.
Nearly six months after Nancy Guthrie was taken from her home in Arizona, the full contents of a ransom note that might have come from her kidnapper are coming to light. Mark Strassmann reports on the latest developments in the search for the mother of "Today" show host Savannah Guthrie.
Wisconsin Gov. Tony Evers is calling for accountability over the deadly police shooting of a man in Madison. Protests have erupted in the wake of the incident. CBS News' Jonah Kaplan has more.
Two men were stabbed on Thursday near Central Park in New York City, just blocks apart. The victims are Asian and Jewish, and the attacks are being investigated as a possible hate crime. Tom Hanson reports.
A multistate search is underway for a woman wanted in connection to a murder investigation. Police say Isabelle Rose Johnson is suspected of killing a Florida father who was found in a shallow grave last month. Cristian Benavides reports.
There were 89 people arrested in the New York area over the course of the World Cup, the NYPD said.
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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 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.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Nearly six months after Nancy Guthrie was taken from her home in Arizona, the full contents of a ransom note that might have come from her kidnapper are coming to light. Mark Strassmann reports on the latest developments in the search for the mother of "Today" show host Savannah Guthrie.
A U.S. attorney who served for less than an hour is suing the Trump administration over his firing. Roger Rogoff is asking a federal court to reinstate him as U.S. Attorney for the Western District of Washington. CBS News legal contributor Jessica Levinson breaks down the legal questions in this case.
U.S. health officials are investigating a new outbreak of the parasite cyclospora that's linked to an unspecified product. Meanwhile, Taco Bell is reporting a major drop in foot traffic as concerns about fresh produce continue. Carter Evans has the latest update and Heather Haddon, a reporter for the Wall Street Journal, joins "The Daily Report" to discuss.
The U.S. military is expanding its presence in the Middle East with the arrival of new equipment, as sources say concerns are growing within the Trump administration over rapid use of defensive interceptors and long-range missiles. Charlie D'Agata reports.
An FDA advisory panel recommended easing restrictions on certain peptides on Thursday. Peptides are short chains of amino acids that can help regulate a variety of functions in the body. CBS News correspondent Adam Yamaguchi reports.