In June 2023 the Supreme Court voted against the Biden administration’s proposal to forgive up to $20,000 in student debt per individual debtholder, which if implemented, would have forgiven an estimated $440 Billion of Federal Student loans, impacting a total of 38 million borrowers across the country.
The Student Debt Repayment Shock
In June 2023 the Supreme Court voted against the Biden administration’s proposal to forgive up to $20,000 in student debt per individual debtholder, which if implemented, would have forgiven an estimated $440 Billion of Federal Student loans, impacting a total of 38 million borrowers across the country.