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With the Biden administration's widespread student debt relief blocked by the Supreme Court, the future of student loan forgiveness is currently on hold. The administration and the Department of Education are creating new ways to make payments affordable when payments resume.
Although the Supreme Court struck down President Joe Biden's signature student loan forgiveness program in late June, his administration has found ways to cancel more than $48 billion in debt since then.
The suit from the Cato Institute and Mackinac Center for Public Policy ? filed on their behalf by the New Civil Liberties Alliance in federal court in Michigan ? argued the federal government lacks the authority to forgive the debt and was working on an accelerated schedule "to evade judicial review."
In a pair of recent cases, the U.S. Supreme Court ruled on the Biden administration's student loan forgiveness program. In Biden v. Nebraska, which was decided 6-3, the court struck down the administration's student loan forgiveness program and agreed with the six challenging states that they had standing to sue.