Biden's $430 billion student debt forgiveness program has lost the Supreme Court battle

Contributing sentiments towards policy:

59% : Student loan interest will resume starting on Sept. 1, 2023, and payments will be due starting in October," a banner on the federal student aid website reads.
57% : While student loan forgiveness was moving through the court, student loan repayments have been halted nine times over.
51% : Borrowers that submitted documents to be considered for debt relief before the halt16 million: Borrowers who had been approved for debt forgiveness in that short time frame$175.6 million: How much MOHELA's annual revenue from direct loan servicing is estimated to be this year -- almost double of the year prior -- even had the loan cancellation policy kicked in15 years: How long MOHELA has not made its own debt payments for, and it does not seem to have plans to resume them12.3%: Increase in credit card debt that borrowers who were already delinquent on student loans before the pandemic, but were eligible for the student loan pause, took on versus those who didn't get the relief$30,000: Median student loan debt in Black families is higher than in non-hispanic white families ($20,000) and hispanic families ($14,000).
46% : In a 6-3 majority decision, the court ruled that the secretary of education does not have the power to forgive student loans.
45% : In Biden v Nebraska et al., the court deemed Missouri as having legal standing to bring forth the case, which argued that canceling student loans could leave the Missouri Higher Education Loan Authority (MOHELA) unable to meet its financial obligations to the state.
38% : The Biden administration made lessening the burden of student loan repayments on borrowers a priority.
38% : The US should cancel a lot more than $10,000 in student debt
37% : The US Supreme Court ruled that the Biden administration cannot forgive $430 billion worth of student loans.

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