Is Student Loan Forgiveness Dead Forever, Thanks to The Supreme Court?
On Friday June 30, the U.S. Supreme Court struck a blow to President Biden's attempt to provide financial relief to student loan borrowers. The President had put forth a plan to forgive up to $20,000 in educational debt from eligible borrowers, citing the Higher Education Relief Opportunities for Students Act (HEROES Act) as legal grounds for the Secretary of Education to act.
The U.S. Supreme Court, however, ruled that the Administration did not have that authority -- thus putting an end to this forgiveness plan. The big question, though, is whether that means the idea is dead forever.
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Source Fool.com