What Biden's new plan means for student loan forgiveness

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The Supreme Court announced its decision on June 30.

The Supreme Court ruling against President Joe Biden's student loan forgiveness plan has ended the months-long debate of whether the plan is constitutional.

The court considered the plan's legality in two cases before it: Biden v. Nebraska, which was decided in a 6-3 vote, and Department of Education v. Brown, which was an unanimous decision. The decisions put pressure on Biden to find another way to deliver on a key commitment he made to voters during the 2020 campaign trail.

Erika Wilson, a law professor at the University of North Carolina who specializes in education law and civil rights, tells TODAY.com how the decisions impact federal student loan holders who were eligible for forgiveness under Biden's plan.But with Biden's plan scraped, Wilson explains what other options are available to him and what options borrowers can pursue outside of Biden.

 

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