Getting student debt forgiveness could be easier under proposed rules
Borrowers who qualify for existing federal student loan forgiveness programs could see fewer hurdles and less paperwork.
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Borrowers who qualify for existing federal student loan forgiveness programs could see fewer hurdles and less paperwork.
The move will erase debt for more than 560,000 borrowers.
More than 43 million borrowers hold more than $1.6 trillion in federal student loan debt.
Interest rates will be 4.99% for undergraduate loans, 6.54% for graduate loans and 7.54% for PLUS loans for the 2022-2023 year.
"I'm in the process of taking a hard look at whether or not there will be additional debt forgiveness," the president said.
The pause's extension from the beginning of May to the end of August will add an estimated $20 billion to the deficit.
He shared his plans during a 90-minute White House meeting with the Hispanic Caucus Monday.
"Democrats win when Democrats are in touch with the American people and what's happening to them," she told "Face the Nation."
As the White House mulls canceling debt, a new study from the New York Fed details how different proposals would affect borrowers.
A review found some servicers had been placing borrowers facing financial difficulties into forbearance instead of giving them clear information about income-driven repayment options.
Despite their student debt, only 10% said in retrospect they would skip higher education.
The White House extended the federal student loan payment pause through August 31, but has not announced a decision about wiping out debt.
Zelenskyy addresses U.N. Security Council; Biden administration to extend student loan freeze
The pause had been slated to end May 1.
A South African judge said the former accounting student spent almost $1,000 per day for months after a clerical error dumped the cash in her account.
An analysis by the New York Fed warns student loan borrowers are likely to experience a "meaningful rise in delinquencies" once forbearance ends.
John King says urgent action is needed to help millions of Americans deal with the "crushing burden" of student debt.
Tony Henry was long saddled with student loan debt, until his wife Jayla came through with the Christmas surprise of a lifetime. The Henrys speak with “CBS Mornings” about the big surprise and what they hope to do with their newfound financial freedom.
The Department of Education announced Wednesday an overhaul on a student loan forgiveness program, which could help over half a million borrowers erase their debt. CBS News business analyst Jill Schlesinger explains who will benefit from the changes.
The Education Department has identified a total of 100,000 student loan borrowers eligible to have their debt canceled since the Biden administration made changes to the Public Service Loan Forgiveness program.
The latest round of loan forgiveness brings the total amount approved by the department to approximately $2 billion for more than 107,000 borrowers.
Multi-state settlement calls for loan servicer to cancel $1.7 billion in debt for 66,000 borrowers.
The Public Service Loan Forgiveness program was meant to erase student loan debt for borrowers who spent a decade as public servants. But the program has come up woefully short for members of the military. Lesley Stahl reports.
The Public Service Loan Forgiveness program was meant to erase student loan debt for borrowers who spent a decade as public servants. But the program has come up woefully short for members of the military. Lesley Stahl reports.
Borrowers with total and permanent disabilities can already apply for elimination of their student loan debt.
President Trump is expected to encourage China to pressure Iran into making a deal to end the war when he visits Beijing later this week and meets with President Xi Jinping.
The effort potentially shielded Iranian aircraft from American airstrikes, according to U.S. officials with knowledge of the matter.
President Trump made the comments in a phone interview with CBS News chief White House correspondent Nancy Cordes.
There is a massive police response on Memorial Drive in Cambridge Monday afternoon after witnesses say a man with a long gun opened fire on passing cars.
Jay Bhattacharya, the acting director of the Centers for Disease Control and Prevention, told CBS News that the hantavirus outbreak should be treated differently from COVID.
Virginia Democrats asked the Supreme Court to restore its congressional map that aimed to give Democrats an edge in the midterms, days after it was blocked by the state's highest court.
Marty Makary has served as Food and Drug Administration commissioner since March 2025.
Elon Musk, Tim Cook and other high-powered business leaders have been invited to be a part of the U.S. delegation traveling to China this week.
An American on the repatriation flight began showing symptoms of hantavirus and another "tested mildly PCR positive for the Andes virus," the Department of Health and Human Services says.
Virginia Democrats asked the Supreme Court to restore its congressional map that aimed to give Democrats an edge in the midterms, days after it was blocked by the state's highest court.
Justice Samuel Alito extended an administrative stay that maintained access to mifepristone through the mail.
Infectious disease experts have sought to reassure people that the hantavirus cruise ship outbreak poses very low risks to the wider public.
There is a massive police response on Memorial Drive in Cambridge Monday afternoon after witnesses say a man with a long gun opened fire on passing cars.
Most of the Americans who were on a cruise ship hit by a hantavirus outbreak were taken to specialized facilities at the University of Nebraska Medical Center.
Suspending the federal gas tax would have a modest impact on fuel prices, while also requiring congressional approval.
The family of one of the victims in last year's deadly mass shooting at Florida State University accused ChatGPT developer OpenAI of enabling the suspect leading up to the attack.
Pop singer accuses electronics manufacturer Samsung of using a copyrighted image of her face to sell TVs.
President Trump made the comments in a phone interview with CBS News chief White House correspondent Nancy Cordes.
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
Virginia Democrats asked the Supreme Court to restore its congressional map that aimed to give Democrats an edge in the midterms, days after it was blocked by the state's highest court.
Justice Samuel Alito extended an administrative stay that maintained access to mifepristone through the mail.
The effort potentially shielded Iranian aircraft from American airstrikes, according to U.S. officials with knowledge of the matter.
Elon Musk, Tim Cook and other high-powered business leaders have been invited to be a part of the U.S. delegation traveling to China this week.
A nonprofit group is suing to block the Trump administration's blue resurfacing of the Reflecting Pool in front of the Lincoln Memorial.
Jay Bhattacharya, the acting director of the Centers for Disease Control and Prevention, told CBS News that the hantavirus outbreak should be treated differently from COVID.
Infectious disease experts have sought to reassure people that the hantavirus cruise ship outbreak poses very low risks to the wider public.
Most of the Americans who were on a cruise ship hit by a hantavirus outbreak were taken to specialized facilities at the University of Nebraska Medical Center.
An American on the repatriation flight began showing symptoms of hantavirus and another "tested mildly PCR positive for the Andes virus," the Department of Health and Human Services says.
In just hours, the cruise ship at the center of a deadly hantavirus outbreak is expected to arrive in the Canary Islands. All the passengers will then be evacuated to their home countries, including 17 Americans. Ramy Inocencio reports and Dr. Jon LaPook has more on the virus.
Jay Bhattacharya, the acting director of the Centers for Disease Control and Prevention, told CBS News that the hantavirus outbreak should be treated differently from COVID.
The effort potentially shielded Iranian aircraft from American airstrikes, according to U.S. officials with knowledge of the matter.
Elon Musk, Tim Cook and other high-powered business leaders have been invited to be a part of the U.S. delegation traveling to China this week.
Authorities said they seized unidentified narcotics, cash, 10 guns, 11 vehicles, six motorcycles — and seven tigers.
Erfan Shakourzadeh, 29, was hanged after being convicted for allegedly collaborating with the CIA and Israel's Mossad intelligence service, Iran's judiciary said.
Pop singer accuses electronics manufacturer Samsung of using a copyrighted image of her face to sell TVs.
Annette Bening talks about starring in the "Yellowstone" spinoff "Dutton Ranch," why she wanted to play her character and learning to ride a horse for the role.
Inspired by a true story, Netflix's "The Rip," starring Ben Affleck and Matt Damon, follows two Miami-Dade police officers as they discover more than $20 million of cartel cash during a drug raid and reveals corruption within the department. But now the real-life officers involved in the raid are suing Damon and Affleck through their production company. Carter Evans reports.
Hosted by Jane Pauley. Featured: The Supreme Court ushers in a new era of gerrymandering; the legacy of CBS News Radio; motherless daughters; comedian Martin Short; rebuilding L.A.; remembering Ted Turner; and Martha Stewart prepares a Mother's Day breakfast.
When you learn what Martin Short has endured in his private life, as captured in the hilarious and heartbreaking documentary "Marty: Life Is Short," the comedian's irrepressibly sunny attitude is all the more astonishing.
The online learning platform Canvas, which is used by 30 million students around the world, was hacked Thursday in a massive cyberattack. The platform is used by thousands of schools, including major universities. Jo Ling Kent reports.
A system that thousands of schools and universities use was offline due to a cyberattack.
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.
As more people turn to chatbots for financial advice, experts say AI offers both pros and cons for retirement planning. Here's what to know.
Fitness trackers started as devices for measuring workouts, but now they are designed for 24/7 monitoring and the passive collection of health data. Fitbit announced its latest device, called the Fitbit Air, to compete with other screenless trackers like the Whoop. Tech journalist Lexi Savvides joins CBS News with more.
The Pentagon released UFO documents on Friday, with President Trump telling the public to "have fun" deciding for itself what is going on. Carter Evans reports.
Defense Secretary Pete Hegseth said it's time for the American people see it for themselves, as the Pentagon started releasing previously classified documents related to UFOs and UAPs. CBS News Pentagon reporter Eleanor Watson has more.
The Pentagon on Friday released and declassified numerous files on UFOs, including eyewitness testimony, photos and reports. Government knowledge of non-human intelligent life was the subject of the documentary "The Age of Disclosure," released in February. Its director and producer, Dan Farah, joins CBS News to discuss.
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
The man accused of starting last year's catastrophic Palisades Fire in Los Angeles appeared in court Monday. Prosecutors said the suspect admired Luigi Mangione, who is accused of murdering UnitedHealthcare CEO Brian Thompson. CBS News' Carter Evans has more.
The lawyers for the man accused of attacking the White House Correspondents' Dinner are seeking to disqualify top prosecutor Jeanine Pirro, acting Attorney General Todd Blanche and other U.S. attorneys in the Washington, D.C. office from the case. CBS News' Jake Rosen has more.
Cole Allen, the suspected White House Correspondents' Dinner shooter, pleaded not guilty to all charges on Monday. Allen's lawyers are seeking to disqualify all U.S. attorneys in the Washington, D.C., office from the case, including the District of Columbia's Jeanine Pirro and acting Attorney General Todd Blanche. CBS News' Nicole Sganga has more.
Authorities said they seized unidentified narcotics, cash, 10 guns, 11 vehicles, six motorcycles — and seven tigers.
The family of one of the victims in last year's deadly mass shooting at Florida State University accused ChatGPT developer OpenAI of enabling the suspect leading up to the attack.
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Israel has seen its support in the U.S. deteriorate since the start of the war in Gaza. CBS News chief Washington correspondent Major Garrett asked Israeli Prime Minister Benjamin Netanyahu about why that might be. Then, former CIA officer and Marine Corps veteran Elliot Ackerman joins to unpack Netanyahu's answer.
CBS News chief Washington correspondent Major Garrett spoke with Israeli Prime Minister Benjamin Netanyahu about where the war with Iran stands and what it would take to end the conflict. Former Trump national security adviser H. R. McMaster joins with analysis of Netanyahu's response.
CBS News chief Washington correspondent Major Garrett asked Israeli Prime Minister Benjamin Netanyahu about The New York Times reporting that, in pre-war conversations with President Trump, Netanyahu and his team asserted that Iran would not choke off the Strait of Hormuz. CBS News chief White House correspondent Nancy Cordes joins with Mr. Trump's response.
Acting CDC Director Jay Bhattacharya talks to "CBS Evening News" anchor Tony Dokoupil about the U.S. response to the deadly hantavirus outbreak on a cruise ship, saying the disease is "very different than COVID. And we should treat it differently than COVID."
President Trump will head to Beijing on Tuesday for a two-day summit with Chinese President Xi Jinping. Henrietta Levin, senior fellow at the Center for Strategic and International Studies, joins CBS News with analysis.