WASHINGTON — Advocates of student debt relief want President Joe Biden to use a 1965 law to cancel student debt if the Supreme Court overturns his loan forgiveness program.
Biden’s current plan — to forgive as much as $20,000 in federal loans for certain borrowers making less than $125,000 per year, $250,000 for households — is based on his authority in the 2003 Heroes Act. A Supreme Court ruling invalidating the loan forgiveness program looks likely as the court issues some its most momentous decisions this week.
Astra Taylor, a co-founder of the Debt Collective — a 50,000-member group — points to provisions in the Higher Education Act from almost six decades ago that Biden could use instead to forgive student debt.
