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. Each weekday morning, "CBS Mornings” co-hosts Gayle King, Tony Dokoupil and Nate Burleson bring you the latest breaking news, … [Read more...]
The Student Debt Dilemma | CBSN Originals
As of 2020, about 42.9 million Americans owed a collective $1.7 trillion in outstanding student loans — a crisis that touches families across the nation, particularly in communities of color. Some lawmakers have advocated for forgiving student debt to help those struggling to make ends meet. But critics argue there’s a cost to forgiveness, and taxpayers will pay for it. This … [Read more...]
How Student Loans Work…EXPLAINED!
This video goes out to Tyler Oakley, who asked us to explain student loans! Here's the essential info on financial loans, Stafford loans, loan forgiveness, Perkins loans, loan debt, and more! CORRECTION: This video was cowritten by Mike and Alan Lastufka (Http://alandistro.tumblr.com), not just Mike! Sorryyyy! VIDEO LINKS: The Trevor Project: … [Read more...]