ANALYSIS: Student Loan Cancellation Killed by SCOTUS—What Can Borrowers Expect Next?

ANALYSIS: Student Loan Cancellation Killed by SCOTUS—What Can Borrowers Expect Next?
Students walk through Harvard Yard on the campus of Harvard University in Cambridge, Mass., on March 12, 2020. Maddie Meyer/Getty Images
Bill Pan
Updated:

The legal fight over President Joe Biden’s proposal to “forgive” billions of dollars in federal student debt has finally been put to rest, along with all questions and confusion about when, or if at all, borrowers of student loans will have to start paying their debts again.

Prior to Friday’s decision, the U.S. Supreme Court had heard a range of arguments about the constitutionality of Biden’s $400 billion plan, which would have erased up to $10,000 in student loan debt for every borrower who earns less than $125,000 per year while canceling up to $20,000 for each Pell Grant recipient who meets that income standard.

Bill Pan
Bill Pan
Reporter
Bill Pan is an Epoch Times reporter covering education issues and New York news.
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