STORY: Tens of millions of Americans hoping to get their student loans cancelled were handed a painful defeat on Friday, as the U.S. Supreme Court ruled in another 6-3 decision to block President Joe Biden s plan to forgive $430 billion in student debt.
The Supreme Court’s decision to block President Biden’s student loan forgiveness plan has sparked deep feelings of frustration, anxiety and even anger for young people, in particular people of color. Currently, 43 million Americans have student loan debt, totaling more than $1.6 trillion, according to Forbes. But the breakdown of who holds how much debt…
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President Biden’s student debt forgiveness plan will finally see an end to its months-long limbo in the courts this week. With repayments set to start again in October after a years-long pandemic-related pause, the Supreme Court’s forthcoming ruling on the legality of Biden’s proposal is the last piece of the student loan puzzle, offering a…