Democrats at odds over cancelling student debt
House Speaker Nancy Pelosi says Congress needs to pass legislation, a day after Senate Majority Leader Chuck Schumer advocated forgiveness from the president's pen.
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House Speaker Nancy Pelosi says Congress needs to pass legislation, a day after Senate Majority Leader Chuck Schumer advocated forgiveness from the president's pen.
A government moratorium on federally backed college debt expires on December 31. Student loan borrowers are worried.
Led by the attorney general of Massachusetts, 18 states and D.C. are suing the Department of Education and Secretary Betsy DeVos for suspending rules that would erase student debt for some Americans. The Borrower Defense Rule would have protected students of for-profit colleges that engaged in misconduct. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss the lawsuit.
The average student loan debt has more than tripled in the last 20 years, leaving more than 75 million millennials juggling debt and economic uncertainty. Jill Schlesinger reports.
New legislation would make four-year public college tuition-free for students from families making less than $125,000.
New Education Department data shows 9.4 million of those borrowers are in default or delinquent on their loans.
The move comes as public sector unions ask the Education Department to cancel loans for borrowers in public service jobs.
Settlement follows FTC claims that the for-profit college's ads misled students about their job prospects.
Student loans offer more flexibility in payment options than other kinds of debt. CBS MoneyWatch contributor Ray Martin shares some advice on managing this heavy burden.
About 42.9 million Americans owe a collective $1.7 trillion in outstanding student loans – a "quiet crisis" that touches families across the nation.
CBS MoneyWatch contributor Ray Martin helps you avoid tax and financial aid pitfalls when paying for your child’s education.
CBS MoneyWatch contributor Ray Martin shares some tips on how students and their parents can ease the burden of paying for higher education.
"This clears the way for President Biden to #CancelStudentDebt," Senator Elizabeth Warren tweets.
Getting a degree is now a "high-stakes decision," one economist says. But those without degrees are even worse off.
The president has promised in the past to eliminate up to $10,000 in debt and explained why he can't support a measure for more.
Representative Omar suggested the resolution may be the first step towards total student debt cancellation.
The Department of Education pick said he was "totally in support" of President Joe Biden's plan to back $10,000 of student loan forgiveness.
On the campaign trail, Mr. Biden promised to address the student loan crisis and supported cancelling $10,000 in debt per borrower.
The president-elect's transition team also said Mr. Biden supports Congress "immediately" cancelling $10,000 of federal student loans
The outgoing education secretary's five-page letter doesn't refer to President-elect Joe Biden by name.
Millions of Americans will be required to resume student loan payments in January unless the popular program is extended.
Democrats in Congress propose bankruptcy reform to aid families and individuals hurting due to college debt.
State prosecutors say the defunct for-profit school lured students into high-interest loans they couldn't afford.
Should students take a gap year? CBS News business analyst Jill Schlesinger weighs in and gives tips for families.
Student loan debt is a $1.5 trillion financial crisis in America. The average household with student debt owes more than $47,000. Mark Strassmann examines the issue in a special CBS News series, "Life and Debt."
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Savannah Guthrie released a new video on Saturday, saying her family is willing to pay for the safe return of their mother.
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Democrat Chasity Verret Martinez defeated her Republican opponent in a district President Trump won by 13 points in 2024.
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Nexstar's acquisition of Tegna would bring together two companies with significant holdings in local broadcast media.
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Breezy Johnson took the lead early on after flying down the mountain in 1:36.10. It is her first-ever Olympic medal.
Lindsey Vonn, who came out of retirement to compete in the 2026 Milano Cortina Winter Games, was airlifted off the mountain.
The U.S. ended Saturday in first place with 44 points. Japan was five points back going into the men's, women's and pairs free skates to decide the medals Sunday.
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Savannah Guthrie and her siblings posted a third video on Saturday, pleading for their mother's return after she went missing last week. Jonathan Vigliotti reports.
Connor Hilton, 17, said that after taking Accutane, a prescribed acne medication, he began to have suicidal and homicidal thoughts – thoughts that, his defense argued, led him to shoot two friends in the head at his Friendswood, Texas, home. Prosecutors weren't convinced.
Authorities said Friday they were inspecting an apparent new message relating to the disappearance of "Today" host Savannah Guthrie's mom, Nancy, after the family reported her missing from her home on Sunday.
Luigi Mangione had an outburst after a hearing on Friday in which the judge announced that his New York State trial will begin on June 8. CBS News legal reporter Katrina Kaufman is following the case.
Local and federal authorities said "investigators are actively inspecting the information provided in the message for its authenticity" regarding the disappearance of Nancy Guthrie.
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