Supreme Court's Student Loan Forgiveness Ruling Sparks Controversy and Praise

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Source: ABC News
Supreme Court's Student Loan Forgiveness Ruling Sparks Controversy and Praise
Photo: ABC News
TL;DR Summary

California Rep. Ro Khanna praised President Joe Biden's decision to pursue student loan debt forgiveness through the 1965 Higher Education Act after the Supreme Court struck down his initial plan. Khanna criticized the court for overstepping its authority and argued that they "usurped the authority of Congress." Biden's new plan will rely on the Higher Education Act to enact debt forgiveness and includes a 12-month repayment program and a pause on interest accrual. The exact amount of forgiveness under this strategy is currently unclear.

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