SCOTUS’ Loan Forgiveness Ruling and the Path Forward
The U.S. Supreme Court struck down the Biden administration’s student loan forgiveness plan on Friday. The administration was attempting to forgive $10,000 of student loans for borrowers making less than $125,000, and $20,000 for those that had received a Pell grant. The alleged authority for this action was a 20-year-old law that allows the Secretary...