Student loan defaults surging in wake of COVID-tied payments pause expiration
Defaults on student loans have surged across the United States, reaching record levels as borrowers struggle to keep up with payments.
Watch CBS News
Defaults on student loans have surged across the United States, reaching record levels as borrowers struggle to keep up with payments.
Loan revamp affects how much students and families can borrow to pay for college, as well as their repayment options.
Yale joins Harvard, MIT and other top universities that have eliminated tuition for households with modest income.
The Education Department signaled earlier this year that it would move to resume wage garnishment, among other forms of involuntary collection, for those in default.
Current SAVE borrowers will have "limited time" to enroll in a new loan repayment plan and begin repaying their loans, the Education Department said.
The Education Department has temporarily paused loan forgiveness for an income-based repayment plan. Here are the details.
New law reduces the number of federal student loan repayment options and caps how much individuals can borrow for higher education.
This week, the federal government began collecting on defaulted loans. Here's what borrowers need to know.
A new proposal from Republican lawmakers would eliminate the popular SAVE repayment plan, which helped lower costs for millions.
Nearly 10 million borrowers could be in default within a few months, according to the department.
Trump administration effort to wind down the Education Department could lead to frustration for millions of student loan borrowers, experts say.
The Biden administration is canceling federal student loans for another 55,000 workers to the tune of $4.28 billion in what's expected to be the last such round before he leaves office.
President-elect Donald Trump has called the Biden administration's student loan relief efforts a "total catastrophe."
The Biden administration's flagship student loan relief plan has 8 million participants. Here's what they should know about the Supreme Court's decision.
About 1 in 10 people with student loans have gotten debt relief, according to the Biden administration.
The Biden administration on Thursday said it is forgiving $1.2 billion in student debt for 35,000 borrowers who work in public service, ranging from teachers to firefighters.
The White House is turning to other methods to erase student debt after the Supreme Court blocked its broader effort to forgive loans.
President Joe Biden unveiled a new plan that comes after the Supreme Court ruled against his previous debt-forgiveness program.
This round of Biden's student loan forgiveness proposals targets the interest that adds up over time on student loans.
About 78,000 people will receive an email from President Joe Biden telling them that their loans are canceled. Here's what to know.
Typically, FAFSA forms are released on Oct. 1. But this year, the application forms came out three months late, on Dec. 30, 2023.
CBS News Texas' Keith Russell tackles Federal Student Aid in this weekly segment.
CBS News Texas' Keith Russell tackles personal finance in this weekly segment.
The number of people seeking help on the platform to pay student loans has exploded over the last year, the crowdfunding site says.
It's October – which means student loan payments are resuming for nearly 44 million borrowers.
As the death toll from the Nepal floods surges over 900, some Americans with loved ones among the 4,000 people missing are still hoping for miracles.
Will we end the 46-day streak without measurable rainfall in DFW? Hopefully, but rain chances aren't looking great.
Lawmakers could also vote on condemning socialism and censuring GOP Rep. Chuck Edwards.
Iran says it targeted U.S. bases in Jordan after CENTCOM announced strikes on rocket launchers on an Iranian island in the Strait of Hormuz.
Arike Ogunbowale scored 18 points, Jessica Shepard had 17 points and 10 rebounds, and the Dallas Wings beat the Connecticut Sun 97-71 in the final game before the FIBA World Cup break.
As the death toll from the Nepal floods surges over 900, some Americans with loved ones among the 4,000 people missing are still hoping for miracles.
Will we end the 46-day streak without measurable rainfall in DFW? Hopefully, but rain chances aren't looking great.
Lawmakers could also vote on condemning socialism and censuring GOP Rep. Chuck Edwards.
The wildfire, which has torn through Palo Pinto and Jack counties, has forced evacuations, closed roads and disrupted schools.
Iran says it targeted U.S. bases in Jordan after CENTCOM announced strikes on rocket launchers on an Iranian island in the Strait of Hormuz.
Critics of LifeWise say its business model puts too much of the burden on local communities.
Under SB 1049, school districts must allow students to leave campus during the school day for religious instruction.
SB 1049 compels school districts to allow students to leave campus for religious instruction during the school day.
"Maybe this is one of those times that we just need to be loud and make people hear us that they're not being treated fairly," she said.
The reversal comes just weeks after an I-Team investigation showed contention over the disciplinary process.
Lawmakers could also vote on condemning socialism and censuring GOP Rep. Chuck Edwards.
"We're going to be changing the name of Lake Ontario, effective immediately, to Lake America," the president said before he signed the order.
Google announced that it had begun rolling out changes to how its maps display Lake Ontario's name, after President Trump signed an executive order changing it to "Lake America."
Three Republicans from North Texas spoke with Jack Fink.
30% of respondents supported the construction of data centers in their community, while 57% were opposed.
Target, which embarked on a turnaround plan under its new CEO earlier this year, reported an increase in first-quarter sales Wednesday.
During the program's first year, it will be offered at about 65 to 75 hospitals that handle about a quarter of births in the state and largely serve low-income patients, Newsom's office said.
Bimbo Bakeries USA employs over 20,000 people and has been headquartered in Horsham, Pennsylvania, for the past 17 years.
This explosion is among several similar incidents across North Texas that raise questions about why hazardous natural gas leaks keep happening
Zoox, owned by Amazon, produces its own autonomous vehicles that it says are built for passengers, not drivers.
U.S. officials have confirmed cases of a parasitic illness tied to lettuce in three more states: Georgia, Tennessee and Texas.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Dallas County health officials said the possible exposure happened during the 2025-26 school year, and that testing is recommended for returning students in grades 10-12.
Casting for Recovery was started by two women, a professional angler and a reconstructive breast surgeon, who recognized the healing powers of fly fishing.
The Social Security Administration is expanding its list of diseases and other health conditions that may qualify for accelerated approval of disability benefits.
After a 2024 merger with Cedar Flags the combined company moved its headquarters to North Carolina.
The project would include a new Dallas Stars arena, along with restaurants, shops and public spaces.
It's an annual Dallas tradition, but this year those pink Cadillacs are parking in Fort Worth.
A fairly new entertainment and food venue in Allen surprised a lot of people last week by suddenly shutting down.
The future of AI technology manufacturing has landed in North Texas.
Arike Ogunbowale scored 18 points, Jessica Shepard had 17 points and 10 rebounds, and the Dallas Wings beat the Connecticut Sun 97-71 in the final game before the FIBA World Cup break.
Scottie Scheffler is the FedEx Cup champion for the second time.
Tessler did not say what Pete's next steps would be or if he has spoken with other teams.
Romo was cited with passing on the right, possessing open intoxicants and operating a vehicle while intoxicated, court records show.
In a news release, the NFL said it plans to "elevate" Pro Bowl selections, with no replacement selections.
The international airport in Nashville, Tennessee, would be renamed for Dolly Parton under a proposal by Tennessee's governor.
Both sides have rested in the murder trial of Duane "Keffe D" Davis, who prosecutors allege orchestrated the 1996 murder of Tupac Shakur.
Stella Parton said her sister Dolly told her "that if there was no hope for her, she would still allow her medical team to try experimental drugs in the hope of helping others in the future."
Tim Curry was known for his iconic performances in cult classics like "The Rocky Horror Picture Show" and the original screen adaptation of Stephen King's "It."
Audience members at a stage performance of "9 to 5: The Musical" in the U.K. were heard gasping aloud at the news of Dolly Parton's death Tuesday.
The Red Bull Flugtag Airshow returned to Las Colinas on Saturday after a 12-year hiatus. Teams are tasked with constructing a flying machine and putting it to the test. It's estimated that around 25,000 people attended the event.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The Neonatal Intensive Care Unit babies at Texas Health locations across North Texas celebrated Valentine's Day.
As Anthony Davis prepared for his debut game at the AAC, Dallas Mavericks fans took to the arena to protest the controversial trade.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
