Despite the recent Supreme Court ruling against the Biden administration’s proposal for student loan forgiveness, efforts to alleviate student debt persist. The administration has already taken steps to provide loan forgiveness through…
Tag: student loan forgiveness
The Supreme Court Declared That $6 Billion In Student Loan Forgiveness For 200,000 Individuals Could Proceed
The Supreme Court just awarded thousands of student loan holders a win. On Thursday, the United States Supreme Court ordered that $6 billion in student debt relief be granted to 200,000 borrowers as part of a settlement from years-long litigation known as Sweet vs. Cardona. The case was initially launched in 2019 on behalf of borrowers with blocked borrower defense claims, or claims borrowers can bring if they feel the institution they attended cheated them. If granted, their debt would be forgiven.
Biden’s Student Loan Relief Is Now On Ice
On Friday, a federal appeals court temporarily delayed President Biden’s student loan debt relief program, prohibiting the government from initiating the debt cancellation it had predicted might begin as early as the next week.
