Forgive all student debt, former Education Secretary says
John King says urgent action is needed to help millions of Americans deal with the "crushing burden" of student debt.
Student Loan
Wife surprises husband by paying off loans
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.
Student loan forgiveness overhaul
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.
30,000 borrowers to get student loans forgiven
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.
Education Department to forgive $415 million in student debt
The latest round of loan forgiveness brings the total amount approved by the department to approximately $2 billion for more than 107,000 borrowers.
Navient steered borrowers toward costly student loans, states say
Multi-state settlement calls for loan servicer to cancel $1.7 billion in debt for 66,000 borrowers.
Public Service Loan Forgiveness nightmares
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.
Public Service Loan Forgiveness Program not living up to its name
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.
Student debt erased for borrowers with permanent disabilities
Borrowers with total and permanent disabilities can already apply for elimination of their student loan debt.
Biden administration extends student loan payment pause
Americans will be able to defer their student loan payments through the end of January 2022.
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.
She owes $581,000 in student loans — the bill is coming due
A government moratorium on federally backed college debt expires on December 31. Student loan borrowers are worried.
Democrats unveil bill for tuition-free college
New legislation would make four-year public college tuition-free for students from families making less than $125,000.
$50,000 in student loan cancellation could leave 84% of borrowers debt free
New Education Department data shows 9.4 million of those borrowers are in default or delinquent on their loans.
White House exploring student loan forgiveness, chief of staff says
The move comes as public sector unions ask the Education Department to cancel loans for borrowers in public service jobs.
University of Phoenix students to get $50 million in refunds
Settlement follows FTC claims that the for-profit college's ads misled students about their job prospects.
Student debt "feels like quicksand." Is loan forgiveness the answer?
About 42.9 million Americans owe a collective $1.7 trillion in outstanding student loans – a "quiet crisis" that touches families across the nation.
COVID-19 tax break removes roadblock to college loan relief
"This clears the way for President Biden to #CancelStudentDebt," Senator Elizabeth Warren tweets.
The college wealth premium is vanishing for younger Americans
Getting a degree is now a "high-stakes decision," one economist says. But those without degrees are even worse off.
Biden says no to eliminating $50,000 student debts
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.
Democrats unveil plan to erase $50,000 of student loan debt
Representative Omar suggested the resolution may be the first step towards total student debt cancellation.
Student debt relief will be "a priority," says education secretary nominee
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.
Dept. of Education extends student loan payment freeze
On the campaign trail, Mr. Biden promised to address the student loan crisis and supported cancelling $10,000 in debt per borrower.
Biden to extend pause on federal student loan payments
The president-elect's transition team also said Mr. Biden supports Congress "immediately" cancelling $10,000 of federal student loans
Betsy DeVos tells Congress not to forgive student loan debt
The outgoing education secretary's five-page letter doesn't refer to President-elect Joe Biden by name.
Investigation
Is a bootleg weight-loss drug to blame for 2 reported deaths?
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