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SCOTUS strikes down Biden's student loan forgiveness program

A person waits outside of the U.S. Supreme Court building as the court prepares to hand down decisions on Thursday, June 29, 2023, on Capitol Hill in Washington.

Mariam Zuhaib

SCOTUS strikes down Biden's student loan forgiveness program

A person waits outside of the U.S. Supreme Court building as the court prepares to hand down decisions on Thursday, June 29, 2023, on Capitol Hill in Washington.

Mariam Zuhaib

Supreme Court strikes down Biden’s student loan forgiveness program

The program would’ve wiped away up to $400 billion in student loans. Eligible borrowers would have had up to $20,000 of their debt canceled.

A person waits outside of the U.S. Supreme Court building as the court prepares to hand down decisions on Thursday, June 29, 2023, on Capitol Hill in Washington.

Mariam Zuhaib

   

In a 6-3 ruling, the Supreme Court ruled Friday that the U.S. Department of Education does not have the authority to erase student debt. The pause on student loan repayments is set to expire in the fall.

Reset discusses what the Court’s decision means for student borrowers in Illinois.

GUEST: Lisa Castillo Richmond, executive director of the Partnership for College Completion

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