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.
Student Loan
Student loan interest resumes after hiatus
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.
Student loan repayments are set to resume. Here's what to know.
After a three-year hiatus, interest on student loans begins piling up again on Friday, with payments due in October.
Interest resumes on student loans September 1
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.
Options for student loan borrowers after pause
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.
Biden announces new student loan relief plan
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.
New student loan repayment plan could cut monthly payments for 20 million
Monthly loan payments may drop, based on a borrower's income.
800,000 borrowers are set to get their student loans forgiven
Some borrowers who had enrolled in income-driven repayment plans will start getting their debt discharged this week.
Details on student loan repayment "on-ramp"
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.
What happens if you don't begin repaying your student loans?
Only one-third of borrowers are aware that loan repayments will restart in October, a new survey found.
One-third of graduate schools leave their alums drowning in debt
Many graduates aren't earning enough to even pay down their interest, causing loans to snowball.
Biden's new student loan repayment plan is open. Here's how to enroll.
The new income-driven repayment plan could cut borrowers' monthly payments in half, while some could see their monthly payments go down to $0.
Gen Z activists hope Supreme Court decisions will motivate youth vote
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.
Inside the new student loan forgiveness plan
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.
Another student loan forgiveness plan
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.
Student loan payments resume in October
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.
Supreme Court rulings a setback to White House
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.
Student loan forgiveness plan struck down
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.
Answers to student loan questions
CBS News Business Analyst Jill Schlesinger answers your biggest questions after the Supreme Court ruling on Biden's student loan forgiveness plan.
Preparing for student loan payments to resume
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.
Court rejects student loan forgiveness plan
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.
Biden speaks out after student loan ruling
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.
Rulings on student debt, wedding website cases
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.
Political fallout of Supreme Court decisions
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.
Biden lays out "new path" for student loan relief after Supreme Court decision
"We'll use every tool at our disposal to get you the student debt relief you need to reach your dreams," President Biden said.
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