"Examining the Potential Success and Flaws of Joe Biden's Latest Student Debt Relief Plan"

President Joe Biden plans to pursue an alternate legal pathway to large-scale student debt cancellation after the Supreme Court struck down his initial plan. The administration will use its powers under the Higher Education Act to seek debt relief, a route that many progressives favored. The HEA grants the Secretary of Education the power to "compromise, waive, or release" claims against student borrowers, potentially allowing for mass cancellation of debt. The new plan benefits from its lack of connection to the pandemic and may avoid the "major questions" trap that doomed the previous program. However, the success of this plan is uncertain, as it still faces potential legal challenges and the clock is ticking to wrap up the program within the next two and a half years.