Student-Loan Forgiveness
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Decoding the Impact: What the Supreme Court’s Rejection of Student-Loan Forgiveness Means for Borrowers
The recent Supreme Court decision rejecting President Biden’s loan-forgiveness plan has sent shockwaves through the United States, leaving millions of Americans grappling with the harsh reality that they will need to repay their entire student debt balances. This follows a three-year pause in payments and a period of uncertainty filled with legal challenges. The Biden administration’s forgiveness plan, which proposed to eradicate up to $20,000 in federal student-loan debt for qualified borrowers, has now been thwarted by a 6-3 court decision. The verdict determined that the Education Department does not…
