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Student Loans

President Barack Obama. (Getty Images)

Some Borrowers Could End Up Paying More In Interest Under Obama’s Student Loan Plan

On Monday, he expanded a program to make it easier for graduates to make their monthly loan payments. But CBS 2′s Jim Williams reports it could cost them more in the long run.

06/09/2014

U.S. Sen. Dick Durbin (Credit: CBS)

Durbin Pushes Legislation For Refinancing Student Loans

Senator Dick Durbin says students with loans should get the same break as homeowners with mortgages and be allowed to refinance down, reports WBBM’s John Cody.

05/12/2014

Pile of cash (CBS)

Chicago Students Grapple With Loan Interest Shocker

Student loan interest rates doubled on Monday after the U.S. Senate failed to reached an agreement to ease the increase.

07/01/2013

Durbin Puts Spotlight On Ballooning Student Loan Debt

Illinois Sen. Dick Durbin and two congressional colleagues held a hearing at Chicago’s City Hall Monday on the growing burden of student debt.

08/27/2012

U.S.currency. (credit: BAY ISMOYO/AFP/Getty Images)

Are Student Loans Too Easy To Get?

From TV commercials to stacks of brochures, lenders are bombarding students with attractive offers to get fast loans. One young man was able to borrow $28,000 without a co-signer, CBS 2′s Dorothy Tucker reports.

CBS Chicago–08/20/2012

Casino mogul Sheldon Adelson (Photo by aaron tam/AFP/Getty Images)

Market Rates For The Middle Class

With a couple of simple fixes from Congress, billions of dollars could be put into the economy by allowing middle class families to refinance their mortgages and by keeping student loans at market rates. Maybe […]

06/08/2012

U.S. Department of Labor Secretary Hilda Solis. (Photo by Kevork Djansezian/Getty Images)

Labor Secretary Speaks To Students At UIC

U.S. Labor Secretary Hilda Solis spoke on the UIC campus Tuesday, telling students they have a bright future. But student loans and a lifetime of debt were on the minds of many of the 100 or so in the audience.

CBS Chicago–05/08/2012

Money (CBS)

Bill Would Give Students Some Relief From College Debt

Coming out of college with thousands of dollars in debt is becoming the norm for students. But there may be hope in sight, CBS 2’s Marissa Bailey reports.

CBS 2–03/29/2012

Graduation Cap And Gown

President Orders Changes To Student Loans

On Wednesday, President Barack Obama outlined measures intended to lighten the load on college grads, by lowering their payments. The help can’t come soon enough for some students.

CBS Chicago–10/26/2011

Cut Your Student Loans

How To Get Your Student Loans Paid Off Or Forgiven

The average college student will face $22,000 in student loans when he or she graduates. It’ll take at least 10 years to pay it off. But what if some or even all of your debt could be forgiven, erased, wiped clean?

09/27/2011

File Photo (Photo by Chung Sung-Jun/Getty Images)

Debt Limit Stalemate Could Put Student Loans At Risk

If there’s no agreement on the federal debt ceiling by Tuesday, it could mean trouble for anyone who gets money from the government, including Social Security recipients, veterans and the millions of students who depend on federally-backed student loans.

CBS 2–07/29/2011

'Leave No Veteran Behind' Founders

‘Leave No Veteran Behind’ Helps Vets Pay Student Loans, Find Jobs

On this Veterans Day, a new not-for-profit is helping veterans put their lives and their finances back on track after they leave the military. The group helps vets to pay off student loans and to find jobs.

CBS 2–11/11/2010