"The Supreme Court's Student Debt Ruling: A Costly Blow to Borrowers"

The US Supreme Court's decision to strike down the Biden administration's plan to forgive $430 billion in student debt has left millions of Americans anxious as student loan payments are set to resume in October. The ruling has been met with anger and disappointment, with borrowers and progressive lawmakers urging the president to release an alternative plan for student debt relief. In response, President Biden outlined a new plan using the Higher Education Act of 1965 and announced a 12-month repayment program to ease the toll of student debt. However, critics argue that the relief is not enough and that decisive action to cancel student debt is needed before payments resume.