In a major victory for college students and graduates, the Supreme Court is currently weighing a case that could lead to the widespread cancellation of student loan debt. The case was brought to the court by a group of borrowers who argue that the Department of Education violated its own regulations when it refused to cancel their loans.
The case has been championed by Supreme Court Justice Clarence Thomas, who wrote in his opinion that the “crushing weight” of student loan debt has been particularly hard on marginalized communities. He argued that the Department of Education should be held to its own regulations, which require it to cancel loans when certain conditions are met.
Meanwhile, President Joe Biden has proposed a plan to cancel up to $10,000 in student loan debt per borrower, but the plan has been blocked by Republicans in Congress. If the Supreme Court rules in favor of the borrowers, it could provide an alternative path to loan forgiveness.
For now, borrowers are left in limbo, waiting to see if the Supreme Court will rule in their favor. In the meantime, experts say that borrowers should be aware of their options and take advantage of any existing loan forgiveness programs. They should also be wary of any companies that claim to offer loan forgiveness services for a fee.
The outcome of this case could have far-reaching implications for college students and graduates across the nation. It remains to be seen how the Supreme Court will rule, but the decision could have a major impact on the future of student loan debt.