Supreme Court Blocks Biden's Debt-Relief Plan

"President Biden does not have the authority to forgive student loans, the Supreme Court said in a 6-to-3 decision that dooms the administration’s debt-relief plans," Inside Higher Ed reports.

..."Justin Draeger, president of the National Association of Student Financial Aid Administrators, said the decision will be “difficult—if not devastating—news” for student loan borrowers nationwide.

'And as we prepare for student loan payments to resume after more than three years, we must get on with the work of helping these same borrowers face the reality of student loan repayment,' he said in a statement. 'Today’s Supreme Court decision only underscores the urgent need for student loan reform.'"

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Publication Date: 6/30/2023