"Supreme Court Rulings and Political Promises: The Ongoing Battle Over Student Debt"

After the Supreme Court overturned President Joe Biden's $400 billion student debt relief plan, the administration is now pursuing alternative avenues for student debt relief under the federal Higher Education Act. However, the development of a new plan will take months, and the scope of relief may be narrowed. Education Secretary Miguel Cardona announced steps to ease the transition for borrowers, including a 12-month "on-ramp" period and new income-driven payment plans. Advocates for student borrowers are cautiously optimistic about the administration's efforts but remain skeptical about the ultimate outcome.