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Biden administration forgives another $1.2 billion in student loans. Here’s who qualifies.

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Navigating student loan relief


Navigating student loan relief

04:16

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 announcement marks the latest round in government loan relief after the Supreme Court last year blocked President Joe Biden’s plan for broad-based college loan forgiveness. 

With the latest student loan forgiveness, the Biden administration said it has waived $168.5 billion in debt for roughly 4.8 million Americans, according to a statement from the Department of Education. That represents about 1 in 10 student loan borrowers, it added. 

The people who qualify for forgiveness in the latest round of debt cancellation are part of the Public Service Loan Forgiveness (PSLF) program, which is designed to help public servants such as teachers, nurses and law enforcement officers get their debt canceled after 10 years of repayments. While PSLF has been around since 2007, until recently very few borrowers were able to get debt relief due to its notoriously complex regulations and often misleading guidance from loan companies. 

But the Biden administration has overhauled the program’s rules, enabling more public servants to qualify for forgiveness. 

“The additional Americans approved for PSLF today are hardworking public servants who will finally receive the financial breathing room they were promised — and all PSLF recipients can easily track and manage the process through StudentAid.gov,” U.S. Secretary of Education Miguel Cardona said in the statement. 

Who qualifies for loan forgiveness? 

The Biden administration said borrowers receiving student loan relief in this latest round are people enrolled in the PSLF program through a limited waiver, as well as regulatory changes made by the administration. 

The “limited Public Service Loan Forgiveness waiver” was designed by the Biden administration to allow public-sector workers to apply to receive credit for past repayments that hadn’t previously qualified for loan relief. The deadline for signing up for the waiver was October 2022.

“These 35,000 borrowers approved for forgiveness today are public service workers — teachers, nurses, law enforcement officials and first responders who have dedicated their lives to strengthening their communities,” President Joe Biden said in a statement. [B]ecause of the fixes we made to Public Service Loan Forgiveness, they will now have more breathing room to support themselves and their families.”

Is the Biden administration planning more debt forgiveness? 

Yes, the Biden administration said it continues to work on a plan for broad-based student loan relief through the Higher Education Act. 


How higher interest rates affect student loans

01:50

Some parts of the Biden administration’s plans to provide more relief were thrown into turmoil last month when two courts issued temporary injunctions against the Biden administration’s flagship student loan repayment plan, called the Saving on a Valuable Education, or SAVE, plan, which currently has about 8 million enrollees.

Despite the injunctions, student borrowers can still continue to enroll in the program, according to the Education Department. 



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North Carolina’s Asheville devastated after Helene’s damage cuts power, floods roads

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Floodwaters pushed by the remnants of Hurricane Helene left North Carolina’s largest mountain city largely cut off Saturday by damaged roads and a lack of power and cellphone service, part of a swath of destruction across southern Appalachia that left an unknown number dead and countless worried relatives unable to reach loved ones.

In North Carolina alone, more than 400 roads remained closed on Saturday as floodwaters began to recede and reveal the extent of damage. North Carolina Gov. Roy Cooper said that supplies were being airlifted to that part of the state. Cooper said two people died in his state, Helene killed at least 52 people across multiple states.

Among those rescued from rising waters was nurse Janetta Barfield, whose car was swamped on Friday morning as she left an overnight shift at Asheville’s Mission Hospital. She said she watched a car in front of her drive through standing water and thought it was safe to proceed. But her car stalled, and within minutes water had filled her front seat up to her chest. A nearby police officer who saw her car stall helped her to safety.

“It was unbelievable how fast that creek got just in like five minutes,” Barfield said.

Tropical Weather
Emergency personnel watch as floodwaters rise, Friday, Sept. 27, 2024, in Asheville, N.C.

Erik Verduzco / AP


Early on Saturday morning, many gas stations were closed because they didn’t have electricity, and the few that were open had hourlong lines wrapped around the block. The hub of tourism and arts, home to about 94,000 people, was unusually still after floodwaters swamped neighborhoods known for drawing visitors including Biltmore Village and the River Arts District, which is home to numerous galleries, shops and breweries.

More than 700,000 power customers were without power across North Carolina, including 160,000 in Buncombe County. Interstate 40 and I-26 were impassible in multiple locations, and a state transportation department map showed that most routes into Asheville and across much of the mountains were snarled. North Carolina’s Department of Transportation posted on social media on Saturday afternoon that “all roads in Western North Carolina should be considered closed.”

In Asheville, there was no cellular service and no timeline for when it would be restored. 

“We have had some loss of life,” County Emergency Services Director Van Taylor Jones told reporters. However, he said they were not ready to report any specifics. Officials have been hindered in contacting next of kin by the communications outages. Asheville police instituted a curfew from 7:30 p.m. Friday to 7:30 a.m. Saturday. 

“The curfew is to ensure the public’s safety and will be in effect until further notice,” police said. 

Asheville transit services were also suspended, police said. The city advised residents to boil “all water used for human consumption,” as there was at least one significant water line break during the storm. Many residents might not be getting water or reduced or no pressure water. 

Jones said the area experienced a cascade of emergencies that included heavy rain, high winds and mudslides. Officials said they tried to prepare for the storm but its magnitude was beyond what they could have imagined.

“It’s not that we (were) not prepared, but this is going to another level,” Sheriff Quentin Miller said. “To say this caught us off-guard would be an understatement.”

Tropical Weather
The banks of the Swannanoa river overflow an effect of Hurricane Helene, Friday, Sept. 27, 2024, in Asheville, N.C.

Erik Verduzco / AP


Atlanta resident Francine Cavanaugh said she has been unable to reach her sister, son, or friends in the Asheville area.

“My sister checked in with me yesterday morning to find out how I was in Atlanta,” she said on Saturday. “The storm was just hitting her in Asheville, and she said it sounded really scary outside.”

Cavanaugh said her sister had no idea how bad the storm would be there. She told Cavanaugh she was going to head out to check on guests at a vacation cabin “and that’s the last I heard of her. I’ve been texting everyone that I know with no response. All phone calls go directly to voicemail.”





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Embattled Steward Health Care CEO Ralph de la Torre to resign

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Steward Health Care CEO skips Senate hearing


Senators plan to hold Steward Health Care CEO in contempt for skipping hearing

02:51

The CEO of a hospital operator that filed for bankruptcy protection in May will step down after failing to testify before a U.S. Senate panel.

Steward Health Care CEO Ralph de la Torre has overseen a network of some 30 hospitals around the country. The Texas-based company’s troubled recent history has drawn scrutiny from elected officials in New England, where some of its hospitals are located.

A spokesperson for de la Torre told the Associated Press Saturday that he “has amicably separated from Steward on mutually agreeable terms” and “will continue to be a tireless advocate for the improvement of reimbursement rates for the underprivileged patient population.”

A CBS News investigation that spanned nearly two years documented how private equity investors and de la Torre extracted hundreds of millions of dollars while healthcare workers and patients struggled to get the life-saving supplies they needed.

In August, the company closed two Massachusetts hospitals, leaving about 1,200 workers jobless, according to the state.  

Sen. Bernie Sanders of Vermont, who chairs the Senate Health, Education, Labor and Pensions Committee, said earlier this month that Congress “will hold Dr. de la Torre accountable for his greed and for the damage he has caused to hospitals and patients throughout America.”

De la Torre’s resignation is effective Oct. 1. The Senate approved a resolution on Wednesday that was intended to hold him in criminal contempt for failing to testify before a committee.

The Senate panel has been looking into Steward’s bankruptcy. De la Torre did not appear before it despite being issued a subpoena. The resolution refers the matter to a federal prosecutor.

Steward CEO
The empty chair of Steward Health Care CEO, Dr. Ralph de la Torre, who did not show up during the U.S. Senate Committee hearing on September 12, 2024.

Kayla Bartkowski/The Boston Globe via Getty Images




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Climate Watch: Protecting the Planet | How climate change threatens plant and animal species

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Climate Watch: Protecting the Planet | How climate change threatens plant and animal species – CBS News


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In this episode of “Climate Watch: Protecting the Planet,” CBS News senior environmental correspondent Ben Tracy speaks to scientists and experts about the growing number of critically endangered plants and animals and how humans can help.

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