The Latest Breaking News on Student loan borrowers struggle as payments resume amidst confusion

Pershing Square founder calls for recalculating loan balances and improving borrower disclosures.

After the U.S. Supreme Court ended President Joe Biden’s debt cancellation program, advocates for lowering student loan debt say the federal SAVE plan, an updated loan repayment program, could save Texans and other borrowers a lot of money in interest.

The supreme’s court decision was met with widespread anger from borrowers struggling to escape the burden of student debt, a system built under a ‘no-win scenario’

The reprieve is over

In striking down the Biden administration’s student loan forgiveness program, the Supreme Court ignored one of the most basic principles of law: When the text of a law is clear, it must be followed unless it is unconstitutional.

On the economic merits, we support President Joe Biden’s plan to cancel more than $400 billion in student loan debt for 26 million Americans. Rejecting more sweeping proposals that would have benefited the already well-off, the president and his Education Department smartly focused the most relief on those in the…

The Supreme Court has just saved American taxpayers more than half a trillion dollars by holding that President Joe Biden and Secretary of Education Miguel Cardona cannot cancel federal student loans under the Higher Education Relief Opportunities for Students Act of 2003, the “HEROES Act.”

Biden’s backup plan for student loan debt relief is underway after Supreme Court ruling

With his ambitious student loan debt cancellation plan shattered by the Supreme Court, President Joe Biden has launched a lengthy process to cancel borrowers’ debt by other means.

After backlash, NY Times updates article on ways to eliminate student loan debt, including exploring alternative options.

Biden's proposed income-driven repayment plan could still cost taxpayers billions. And it will likely raise tuition too.