How Biden Lost the Supreme Court Fight for Student Debt Relief
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President Joe Biden announced in 2022 that he would use executive action to forgive billions of dollars in government-backed student debt. The move was meant to alleviate the weight of $1.8 trillion in federal education debt, a figure that has more than tripled in the last 15 years. But then the Supreme Court struck down the plan in late June, ruling that Biden had exceeded his authority as president. Combined with the expiration of pause in student debt payments imposed during the pandemic, the ruling is bad news for millions of Americans falling behind on their debt.
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