"Student Loan Forgiveness: Updates and Implications"

As the Supreme Court considers President Biden's student loan forgiveness plan, education debt continues to rise, with tuition and fees at four-year colleges increasing by over 2%. Borrowing to cover college costs has already pushed collective student loan debt in the U.S. past $1.7 trillion. Financial aid experts caution against assuming future forgiveness and recommend responsible borrowing, with a good rule of thumb being not to incur more debt than the annual salary one will receive at their first job after graduation.