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Student Loan Forgiveness Was Struck Down: What Happens Now?

After a federal judge ruled against Biden’s plan, financial advisers say borrowers should prepare to make payments. 

graduation students GETTY sub
Photographer: Robyn Beck/AFP/Getty Images

The road to student loan forgiveness just got longer and more uncertain. 

On Thursday, a federal judge in Texas struck down President Joe Biden’s student loan forgiveness program. The plan has drawn a litany of legal challenges and was already temporarily halted as part of a separate lawsuit from six Republican-led states.