Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - US
The Guardian - US
Business
Ava Sasani

‘This decision is a slap in the face’: the real cost of the US student debt ruling

People advocate for the cancellation of student debt outside the US supreme court in Washington DC on 30 June.
People advocate for the cancellation of student debt outside the US supreme court in Washington DC on 30 June. Photograph: Shutterstock

Millions of Americans were left reeling on Friday after the US supreme court struck down the Biden administration’s plan to forgive $430bn in student debt, stirring anxiety among borrowers just months before student loan payments are set to resume in October.

“This decision is a slap in the face to millions of Americans who, like me, were told to pursue college and dream of a brighter future, and are now punished for doing so,” said Tim Scalona, a law student at Suffolk University in Boston, who spent months bracing for the ruling. He was keenly aware of the current court’s hostility to student debt forgiveness.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.