SCOTUS Struck Down Biden's Original Student Loan Debt Relief Plan, but There's Another Plan Already in the Works.
The Supreme Court rejected the Biden administration's plan to forgive as much as $20,000 in federal student loan debt per borrower, but that hasn't completely derailed the efforts to provide much-needed relief. In the months since the Supreme Court's decision, the administration has already rolled out several new initiatives, such as its 12-month repayment "on-ramp" and the SAVE income-driven repayment plan.
However, it appears that the president isn't done just yet. The Biden administration recently released some additional details about its new student loan forgiveness efforts, and it is more targeted at those who need relief than the previous version.
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Source Fool.com