53% of student borrowers say financial health tied to debt relief
Painfully high inflation is putting even more pressure on Americans struggling to repay their college loans.
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Painfully high inflation is putting even more pressure on Americans struggling to repay their college loans.
Amid recession fears, more parents are helping their adult children financially to help keep them afloat. Business reporter for Fortune, Eleanor Pringle, joins CBS News Mornings to discuss why and tips for conversations on living expenses.
Some education experts see the plan as a more powerful tool to make college affordable than the proposal to slash or eliminate student debt for 40 million Americans, which is before the Supreme Court.
The Biden administration had earlier extended a repayment pause while its student-debt relief program remains tied up in court.
This case was brought by two borrowers in Texas who have outstanding student loans.
A Biden administration program forgiving up to $20,000 in student loans remains hung up in court.
The woman worried she could lose everything — but a stranger from the internet offered to help.
The Biden administration on Tuesday said it would extend the pause on student loan repayments amid the legal challenges to President Biden's plan to provide up to $20,000 in student debt forgiveness.
The extension, up to June 30, 2023, will give the courts time to decide the fate of student loan cancellation.
Biden's student loan forgiveness plan has been blocked by two federal courts, leaving millions of borrowers in limbo.
This comes after the plan has been blocked by two separate federal court rulings.
A federal appeals court temporarily halted President Biden's student debt relief program Friday. The 8th U.S. Circuit Court of Appeals issued a stay prohibiting the government from "discharging any student loan debt." Catherine Herridge has more.
A federal judge in Texas blocked President Joe Biden's student loan forgiveness plan. U.S. District Judge Mark Pittman ruled the Department of Education violated federal law.
Student loan forgiveness has prompted a discussion about the soaring price of a college degree.
The government also said in its response to the 8th Circuit Court of Appeals' decision to pause the program that the states do not have standing to intervene.
In their appeal, attorneys for several Republican-led states said the plan will irreparably harm their states' student loan programs.
President Biden announces new college-debt forgiveness site, calling it a "game changer for millions of Americans."
Not everyone is interested in a white collar job or college degree (or in racking up student loan debt). "Sunday Morning" senior contributor Ted Koppel meets plumbers and apprentices about their chosen profession, who talk about their work and why it's stigmatized by others.
The application takes about five minutes to complete, the U.S. Department of Education said.
Education Department is offering more details about its "short and simple" form to get up to $20,000 in debt wiped away.
Teachers and other public servants need to apply soon to ensure they are considered for a one-time waiver.
Only some types of debt are covered by the plan. Make sure your loans qualify ahead of the application.
People who kept making student loan payments during the health crisis can get a refund and then apply for forgiveness — here's how.
The Education Department announced Tuesday it will discharge loans for students who attended the for-profit Westwood College.
Following the White House's announcement of a sweeping student debt reform package, some are expressing concerns that the plan could result in higher inflation. Marc Goldwein, senior policy director at the Committee for a Responsible Federal Budget, joins "CBS News Mornings" to explain the impact the move could have on inflation and the federal deficit.