Supreme Court ruling leaves Americans with student debt in limbo

The conservative majority in the US Supreme Court has blocked President Joe Biden's plan to cancel $10,000 in student debt for millions of Americans, leaving them back at square one and their future plans on hold. Student debt in the US has surpassed $1.75 trillion, with over 43 million Americans burdened by it. Multiple studies have shown how student debt hinders major life milestones such as homeownership, marriage, and savings, disproportionately affecting marginalized communities. The pause on student loan payments during the pandemic improved borrowers' financial well-being, but repayments are set to resume in September, prompting calls for more aggressive action from the Biden administration.