
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.
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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."
The money will pay off college loans of up to 400 students who overcame personal hardship – from homelessness and extreme poverty – to become first-generation college students.
Americans are burdened with about $1.5 trillion in student loan debt, which the latest data breaks down to an average of $35,000 per borrower. CBSN anchor Anne-Marie Green spoke with Tina Hay, author and founder of Napkin Finance, a platform that creates napkin-sized explainers on money. They discussed what to consider before taking out student loans and how to manage that debt.
"We own more than thanks and cheers at 7 p.m.," Rep. Carolyn Maloney said
The provision, reported on by CBS News in May 2019, will give employers the ability to help employees pay off their student loans without being taxed.
Education experts say more needs to be done, such as putting a pause on all repayments until the pandemic ends.
If you're among the 48 million Americans with student debt, you're likely eligible for some relief come tax time.
President Trump, Vice President JD Vance and Erika Kirk spoke 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."
Scientists hope genetically modified mice will curb the spread of Lyme disease. They headed to Nantucket — home to a large population of the mice, ticks and deer spreading Lyme — to pitch their idea.
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.
Gabrielle formed on Wednesday over the central Atlantic Ocean and became a hurricane on Sunday. It's the seventh named storm of the 2025 Atlantic hurricane season.
One person is dead and several people were wounded during a shooting Saturday night at Sky Meadow Country Club in Nashua, New Hampshire.
The suspect in the shooting at the ABC station in Sacramento, Anibal Hernandez-Santana, was released on bail on Saturday, authorities said, then arrested by the FBI later the same day.