How the Supreme Court student loan decision affects you
By ADRIANA MORGA and CORA LEWIS
Associated Press
NEW YORK (AP) — The Supreme Court has ruled the Biden administration overstepped its authority in trying to cancel or reduce student loan debt, effectively killing the $400 billion plan. The court’s decision means, barring an act of Congress, those Americans are on the hook for payments starting in October. Still, borrowers who are worried about their budgets do have options. For instance, the government has other loan forgiveness programs that are still in effect, even if Biden’s plan was struck down.
