"After months of uncertainty for borrowers, the Biden administration’s student loan debt cancellation program, which offers $10,000 of relief to those making up to $125,000 and $20,000 for Pell Grant recipients, came before the Supreme Court on Tuesday, in oral arguments that stretched for over an hour past their scheduled time," Diverse: Issues in Higher Education reports.

..."Justin Draeger, president and CEO of the National Association of Student Financial Aid Administrators, said that the arguments underscored how far apart the sides are in the debate over student financial issues.

'Whether this one-time student loan forgiveness happens or not, it’s still going to be a one-time victory, and it doesn’t do much for this year’s student loan borrowers or next year’s student loan borrowers,' he said. 'And the more I talk to folks on Capitol Hill, the more I wonder whether both sides of the aisle will be able to come together on the other side of this for any long-term changes to college affordability and student loan issues that will be needed.'"

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

Publication Date: 2/28/2023