SCOTUS Divides on Biden's Student Loan Plan and LGBTQ Protections

The Supreme Court ruled against the Biden administration's interpretation of a 20-year-old statute that would have allowed for $379 billion in student loan debt forgiveness. While the court's decision is a blow to the administration's plan, which was criticized for its high cost and lack of structural reforms, it is seen as a positive outcome in terms of policy. The plan would have disproportionately benefited well-educated, mostly White students from affluent backgrounds, while the cost would have been borne by the broader taxpaying public. Moving forward, President Biden should focus on proposals that address the high cost of higher education and consider capping loans for graduate education, leveraging cost control by colleges and universities, and increasing means-tested subsidies instead of debt.