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Fortune
Fortune
Alicia Adamczyk

Americans say the death of student debt forgiveness plan is a blow to the middle class

(Credit: Kent Nishimura/Getty Images)

Amanda Fortunato, 32, has been making payments of over $1,000 per month toward her student loan debt since she was 25 (even during the COVID-19 payment pause) and still has a significant balance left. Now that the U.S. Supreme Court blocked President Joe Biden's student loan forgiveness plan Friday, she's worried about "how to make it work" between the debt and upcoming daycare costs for her child due in January. She says the decision shows significant disregard for middle-class borrowers.

"You go to college to try to get ahead in life, and instead it’s like being shackled," Fortunato tells Fortune. "Millennials are the first generation expected to be worse off than their parents. It’s no secret the reason why."

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