Supreme Court's Rulings on Student Loan Forgiveness and LGBTQ Protections: Impact and Reactions

The Supreme Court has ruled against President Joe Biden's plan to cancel student loan debt, meaning that 43 million federal loan borrowers will need to resume payments starting in October. Student loan interest will start accruing on September 1. The average borrower has around $38,000 in loans. However, there are some protections in place, such as the "on-ramp" repayment program, which allows borrowers with late or missed payments to avoid default or credit harm. Borrowers are advised to create a StudentAid.gov profile, check with their loan servicer, and explore repayment options. The fight to cancel student loan debt is not over, as President Biden plans to pursue debt cancellation through the Higher Education Act of 1965.