Now that President Biden's student loan cancellation program has been canceled, here's what's next
The Supreme Court rejected President Joe Biden’s plan to eliminate $430 billion in student loan debt Olivier Douliery/AFP via Getty Images The Supreme Court has struck down the Biden administration’s student loan forgiveness plan. In Biden v. Nebraska, the court ruled 6-3 on June 30, 2023, that the secretary of education does not have the authority to forgive US$430 billion of student loans under the Health and Economic Recovery Omnibus Emergency Solutions Act. That kills the president’s proposed plan to forgive up to $10,000 in student loans per borrower for those with incomes under $125,000 per year, or $250,000 per