Supreme Court’s ruling throws Biden’s student loan relief into uncertainty

Millions of Americans face renewed uncertainty after the Supreme Court’s right-wing majority halted President Joe Biden’s student debt relief plan.

The court’s decision supports a lower court’s suspension of the Saving on a Valuable Education (SAVE) program. That had cut monthly payments for borrowers based on income.

This move follows lawsuits from Republican-led states challenging the program.

Critics say the ruling is a setback for borrowers who finally were managing their payments reliably.

Education Secretary Miguel Cardona criticized the ruling as a rejection of longstanding practices for loan forgiveness.

Student advocacy groups, including the Debt Collective, argue the decision underscores the need for more decisive action from the administration.

The national student loan borrowers union suggests the latest ruling shows the fight for debt forgiveness cannot be won through the federal court system.