June 30, 2023
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2:17Now PlayingThe Supreme Court blocked a key route for having all or some of America's $1 trillion in student loan debt erased.
RELATEDSupreme Court decision sides with antiLGBTQ web designer
The ruling, disheartening for millions of people who would have been eligible for loan forgiveness, kills President Joe Biden's sweeping plan for cutting student debt. So far, the administration hasn't said if it has an alternative plan for mass student loan forgiveness, but a White House official said after the ruling that "the president will have a lot more to say today" and "he's not done fighting yet."
Borrowers can still turn to smaller options for relief that are unaffected by the decision, however, including others expanded with less discord in the Biden administration. And several state-level options are even offered by some of the very places whose challenges helped dismantle Biden’s plan.
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