The Supreme Court struck down President Biden’s student loan forgiveness plan on June 30. As the author of “Forgive student debt: Yo-yo no more!” I’m furious.
Though Biden’s plan shied away from providing the broad help the student loan crisis demands, the sniveling corporate puppets that are SCOTUS still saw fit to strike it down in a deeply frustrating 6–3 decision. They ruled that Biden did not have the power to invoke the HEROES Act of 2003 to “waive or modify” student loans. So, once again, millions of students will be saddled with too much debt.
Clapping back, Biden announced that over 800,000 individuals would have more than $39 billion of their collective loans discharged. Fantastic start. However, many younger folks were left out in the cold. This new plan only affects those who have accumulated at least 20 years of qualifying monthly payments. And the justices will undoubtedly go after this.
Sadly, this ruling is but one in an alarming list of catastrophic recent decisions made by the conservative crowd on the Court. They have far too much power and are clearly unafraid of wielding it — a systemic flaw that desperately needs rectification. Forceful organizing is critical to get suffering debt-smothered students the relief they deserve!