U.S. Supreme Court Strikes Down Student-Loan Cancellation for Millions of Borrowers

"The U.S. Supreme Court on Friday struck down President Biden’s sweeping plan to cancel some debt for millions of people who took out loans for a college education," The Chronicle of Higher Education reports.

..."The ruling wasn’t a total black eye for reform advocates. After Biden announced his forgiveness plan back in August, the appetite in Washington shrank for conversations about more measured changes to America’s student-debt problem, said Justin Draeger, president and CEO of the National Association of Student Financial Aid Administrators.

'Student-loan forgiveness has taken up all the oxygen in Washington, D.C.,' he told The Chronicle. 'All of this has just underscored the need for student-loan reform, and we’re anxious to have that conversation.'"

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Publication Date: 6/30/2023

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