President Biden has tried to reduce the burden of student debt for federal borrowers. To that end, he introduced a plan that would forgive up to $20,000 in loans per borrower -- a plan that was shot down by the Supreme Court about a month ago, causing many borrowers a world of distress.

If you're currently enrolled in college, you may be thinking of dropping out in light of this recent ruling. After all, if your chances of having your student loans forgiven are pretty slim, then why put yourself through the hassle of having to repay them for years? And if you drop out now, when your loan balance isn't as high as it could be, you'll potentially minimize the damage.

It's easy to see why you may feel discouraged about the idea of paying off student loans, to the point where you're ready to drop out of school. But not completing your studies is a move you might sorely regret. Here's why.

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Source Fool.com