Supreme Court strikes down Biden’s student loan forgiveness program
The program would’ve wiped away up to $400 billion in student loans. Eligible borrowers would have had up to $20,000 of their debt canceled.
In a 6-3 ruling, the Supreme Court ruled Friday that the U.S. Department of Education does not have the authority to erase student debt. The pause on student loan repayments is set to expire in the fall.
Reset discusses what the Court’s decision means for student borrowers in Illinois.
GUEST: Lisa Castillo Richmond, executive director of the Partnership for College Completion
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Reset with Sasha-Ann Simons
Supreme Court strikes down Biden’s student loan forgiveness program
The program would’ve wiped away up to $400 billion in student loans. Eligible borrowers would have had up to $20,000 of their debt canceled.
In a 6-3 ruling, the Supreme Court ruled Friday that the U.S. Department of Education does not have the authority to erase student debt. The pause on student loan repayments is set to expire in the fall.
Reset discusses what the Court’s decision means for student borrowers in Illinois.
GUEST: Lisa Castillo Richmond, executive director of the Partnership for College Completion