The Supreme Court on Friday struck down the Biden Administration’s student loan forgiveness program, one that would have provided up to $20,000 of debt relief for an estimated 40 million Amer…
The Supreme Court on Friday struck down the Biden Administration’s student loan forgiveness program, one that would have provided up to $20,000 of debt relief for an estimated 40 million Americans.
The decision came after two suits were brought to the Supreme Court, one from a group of Republican states that challenged the administration’s authority to cancel student debt, and the other from two students who felt they wouldn’t get enough out of the existing program. Since the Biden administration announced the debt relief plan last August, the government has approved 16 million applications for relief — but the news wasn’t welcomed by all Americans.
Still, critics warned the plan wouldn’t address the high cost of college, and could lead to an uptick in tuition costs down the line. Students might be encouraged to take out more debt if they believe they’ll be forgiven later, opponents said, and colleges could feel more emboldened to raise their tuition.
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