Scotus Strikes Down Student-Loan Forgiveness Act

The Biden Plan, unveiled in August 2022, was intended to provide debt relief to millions of borrowers. At the time of the plan's announcement, student loan repayments had been suspended for nearly two years by then-Secretary of Education Betsy DeVos in consideration of the COVID-19 pandemic ("DeVos Suspension").

The Biden Plan had three components:

1. cancel up to $20,000 for Pell Grant recipients and up to $10,000 for non-Pell Grant recipients as long as the individual made less than $125,000 a year ($250,000 for married couples);