The Supreme Court Just Struck Down Student Loan Forgiveness. Here's What to Know

Contributing sentiments towards policy:

64% : For more on student loans, find out when payments will resume, who your student loan provider is and which banks have the best personal loans right now.
60% : Read on: Can You Make Student Loan Payments with a Credit Card?
52% : Outside of Biden's debt relief plan, the Department of Education has already discharged billions of dollars in student loans, including for borrowers with disabilities and students who were misled or defrauded by educational institutions and through the Public Service Loan Forgiveness program.
49% : When Biden introduced the plan in August 2022, he argued that it fell under the Heroes Act, which grants the Department of Education authority to waive student loan repayments for those affected by "a war or other military operation or national emergency."
48% : Biden's plan would've eliminated up to $10,000 in student loan debt for borrowers earning up to $125,000 annually, or up to $250,000 for married couples.
47% : Quoting the 2014 decision in the Supreme Court case Utility Air Regulatory Group v. EPA, Chief Justice John Roberts wrote, "We expect Congress to speak clearly if it wishes to assign to an agency decisions of vast 'economic and political significance.'"
38% : It determined that Biden and Education Secretary Miguel Cardona don't have the authority to forgive $430 billion in student loans without congressional approval.

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