
Student loan forgiveness application is now open: How to apply
President Biden announces new college-debt forgiveness site, calling it a "game changer for millions of Americans."
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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.
President Biden's recently announced student loan forgiveness plan is estimated to cost $24 billion each year over the next decade, according to the White House. Christina Ruffini is there with more.
Marjorie Taylor Greene said for the government to say debt is forgiven "is completely unfair." The White House tweeted back that she had more than $183,000 in PPP loans forgiven.
More than 40 million Americans may qualify, with income the main factor that determines who qualifies for relief.
With just a week left until student loan payments are expected to resume in September, millions of Americans may see thousands of dollars of relief coming from the White House. President Biden is expected to announce Wednesday that the government will forgive up to $10,000 in federal student loan debt for Americans making less than $125,000 a year. Chief White House correspondent Nancy Cordes reports from Washington.
The pause on student loan payments is set to expire at the end of the month.
With just days until an Aug. 31 deadline, it's still unclear if payments and interest will actually resume in September.
The Biden administration extended the payment pause in April through August 31.
Vice President Kamala Harris announced the Biden administration will cancel all student loan debt accumulated by former students of the now defunct Corinthian Colleges. But Washington Post opinion columnist Helaine Olen says student loan forgiveness isn't enough. She joined CBS News' Tanya Rivero and Nikki Battiste to discuss.
Lawmakers returned to Capitol Hill from their Thanksgiving break and renewed efforts to pass a coronavirus stimulus bill after months of stalled talks. CBS News chief congressional correspondent Nancy Cordes and Washington Post economics correspondent Heather Long join CBSN's "Red & Blue" host Elaine Quijano to discuss the narrow path to a deal before key programs expire at the end of December.
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.
President Trump, Vice President JD Vance and Erika Kirk are speaking at Sunday's memorial service for Charlie Kirk, founder of Turning Point USA, at State Farm Stadium in Arizona.
Gary Cohn, IBM vice chair and director of the National Economic Council in the first Trump term, said for companies in a "very difficult environment," cutting down on the cost of labor is "the one lever they can pull."
In an interview with CBS News' "Face the Nation with Margaret Brennan," the French president pushed back on criticism for recognizing a Palestinian state.
More than 140 countries have already taken that step and more are expected to do so at the U.N. General Assembly this week, including France.
President Trump is renewing his call to reestablish a U.S. presence at Bagram, even saying "we're talking now to Afghanistan" about the matter.
The Pentagon's new guidelines were sent to reporters on Friday.
The bill that would make it harder to arrest or launch criminal proceedings against lawmakers passed the lower house on Tuesday, prompting Brazilians to protest.
One person is dead and several people were wounded during a shooting Saturday night at Sky Meadow Country Club in Nashua, New Hampshire.
As the Jewish calendar marks Rosh Hashanah, Rabbi Angela Buchdahl offers a message to us all about commemorating the New Year.